Lobb Logistics to Target Large Pie of VC Funds
Aug 28, 2024
Bengaluru (Karnataka) [India], August 28: Lobb has emerged as the fastest-growing digital freight brokerage platform connecting truckers and transporters PAN India. Customers include many top Logistics brands. Working with 1200 logistics companies and over 5000 fleet owners encompassing 30000+ trucks. The target for next two years is to have 2,00,000 trucks in our fold & our team will be delighted to serve everyone who comes to us with a demand to ship material to any location. Today they operate in 22 cities in an asset-light model and a multilingual app. In the last 3 years, Lobb has grown 10 times to 170 Crores ARR by riding an ever-growing digital economy and the Make in India movement. The funds raised will primarily scale the business and expand LOBB's network across new geographies in India. The company is looking to grow its team across functions to increase the fulfilment ratio by strengthening its technology with GenAI, ML, and Big Data. They have integrated their platform with partners like HPCL for fuel and large banks like Axis Bank for FASTag. The seamless integration of annual insurance renewal for truckers and GPS navigation are also in the roadmap. Lobb is in the driver's seat of India's logistics with their tech-driven proprietary features Truck Discovery, Load Matching, and Route Optimization.