Fundz

Lobb raised $2.9 million in early-stage funding led by Rajesh Voddiraju, Sharada Nandakumar, and others to expand network and develop technology stack.

PRIVATEJul 04, 2024

Amount Raised

$2.9 Million

Round Type

Seed

BengaluruTransportationLogistics

Investors

Giri PasumamulaRamana ReddySiva TanukuP. Shyama RajuSharada NandakumarRajesh Voddiraju

Description

Digital freight brokerage platform Lobb raised $2.9 million from a host of investors including Rajesh Voddiraju, Sharada Nandakumar, and others. The funds raised will be used to expand Lobb’s network across new geographies and to develop its technology stack.

Quick answer

Lobb raised $2.9 Million in a Seed round, dated July 4, 2024. Investors: Giri Pasumamula, Ramana Reddy, Siva Tanuku, P. Shyama Raju, Sharada Nandakumar and Rajesh Voddiraju. Lobb is based in Bengaluru, Karnataka, India.

How much did Lobb raise?
Lobb raised $2.9 Million in a Seed round on July 4, 2024.
Who invested in Lobb?
Giri Pasumamula, Ramana Reddy, Siva Tanuku, P. Shyama Raju, Sharada Nandakumar and Rajesh Voddiraju are named as investors in this round.
What does Lobb do?
Founded in 2015, with a mission to work with the next billion netizens & Digitally Disrupt Logistics.
Where is Lobb based and how big is it?
Lobb is based in Bengaluru, Karnataka, India.
Who are the decision-makers at Lobb?
Fundz holds 1 contact at Lobb. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Transportation and Logistics around the same time

Companies in the same sectors as Lobb that raised within 45 days of this round, from Fundz verified event records.

  • Shadowfax raised $100M (Series E) on August 13, 2024.
  • RXO raised $550M on August 12, 2024.
  • PICit A/S raised an undisclosed amount on August 9, 2024.
  • Onepak raised $20M (Private Equity) on July 31, 2024.
  • TruckSmarter raised $50M (Debt Financing) on July 15, 2024.
  • FastBeetle Logistics Pvt. Ltd raised an undisclosed amount (Seed) on July 12, 2024.

Who to call at Lobb, and when

A new round usually means Lobb is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Lobb raises, hires an executive or expands, scored against what you sell
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  • Who you already know at Lobb, from your own LinkedIn network

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Company Information

Company

Lobb

Location

Bengaluru, Karnataka, India

About

Founded in 2015, with a mission to work with the next billion netizens & Digitally Disrupt Logistics. We enable Transporters & Truckers to “Connect, Discover & Transact Freight” in a friction less manner by leveraging the best of technology and building innovative solutions ground-up, that are relevant at a global scale. Indian logistics industry has over 10 million long haul trucks, most of them owned by small truck owners struggling to find the right loads on time. We aim to empower them through our proprietary Truck Discovery Model, by creating a unique network of fleet, routes and nodes aligned to demand - supply and move to machine based matching engine.

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