LoadShare Networks
LoadShare Networks is a tech-driven logistics company that provides a range of services including intercity and intracity logistics, warehousing, and reverse logistics, operating across India with a network of over 100,000 trucks and delivering to more than 10,000 pin codes.
Services Offered by LoadShare Networks
LoadShare Networks provides a comprehensive suite of tech-driven logistics solutions designed to empower businesses. The company's services include intercity and intracity logistics, warehousing, and reverse logistics. Additionally, LoadShare offers specialized logistics services such as quick commerce, e-commerce, hyperlocal, direct-to-retail, same-day delivery, and next-day delivery options. The company also manages fulfilment centres and mother hub operations, ensuring efficient handling and distribution of goods.
Logistics Solutions and Operations
LoadShare Networks operates an extensive national distribution channel that includes both Part Truckload (PTL) and Full Truckload (FTL) solutions. The company efficiently handles over 350 tons per day of PTL and has a fleet of over 100,000 trucks on its platform. To support varied business needs, LoadShare offers on-demand variable capacity warehousing and contract logistics services. The company delivers to more than 10,000 pin codes across India and completes over 200,000 Last Mile (LM) deliveries per day, with over 10,000 delivery partners ensuring last-mile efficiency.
ONDC Pilot Project Participation
LoadShare Networks is the first logistics network provider to achieve on-network delivery for the Open Network for Digital Commerce (ONDC). The company is actively participating in the beta city launch of ONDC's pilot project, which is taking place in 15 select cities. This involvement reflects LoadShare's commitment to pioneering innovative logistics solutions and enhancing digital commerce infrastructure in India.
LoadShare Networks Funding and Financial Backing
LoadShare Networks has successfully raised $40 million in funding, with Tiger Global as the lead investor. This financial backing supports the company's expansion and development of advanced logistics solutions. The capital infusion is instrumental in enabling LoadShare to scale its operations and maintain its position as a leading logistics network provider.
Industry Recognition and Awards
LoadShare Networks has earned considerable recognition within the logistics and transport technology sector. The company received the Aegis Graham Bell Award under the Innovation in Transport Tech category, underscoring its technological advancements and contributions to the industry. Additionally, LoadShare was honored with the AMAZON Award for its powerhouse performance as a delivery partner, highlighting its excellence in logistics services and reliable delivery operations.