Digital freight brokerage platform Lobb, backed by 3one4 Capital, raises $2.9 million from HNI including serial entrepreneur Rajesh Voddiraju, Sharada Nandakumar, CEO Voya India. 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. Today they operate in 22 cities in an asset-light model and a multilingual app.

Believing in creating a long-term sustainable business model, Lobb is currently profitable, on track to achieve 500 crores in revenue in the next 2 years. They have also raised $4.4 million to date. With the intention to expand aggressively into over 50 geographies catering to 500+ high-density routes.

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 fulfillment ratio by strengthening its technology with GenAI, ML, and Big Data. They have integrated their platform with Oil majors for fuel and large banks 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.

“We foresee tremendous growth in Indian infrastructure in the coming years and are excited to see Lobb bring technology to streamline growth and efficiency in this segment. Venu and the team at Lobb have built one of the most capital-efficient logistics businesses that we have come across, and we are very excited to see their journey play out over the next decade” said Anurag Ramdasan, Partner 3one4 Capital

“We are delighted to have the support of such esteemed investors who share our vision of transforming the logistics industry. This funding will enable us to accelerate our technology-led growth and expand our reach, ensuring that we continue to deliver unparalleled value to our customers.” said Venu Kondur CEO and Co-Founder of Lobb.

Despite the Indian logistics industry having over 10 million long-haul trucks, the majority belonging to small fleet owners who often struggle to find consistent loads on time. A transporter has to make innumerable phone calls, dealing with unreliable middlemen, and wasting time and resources. The founders of Lobb came together to bridge this gap between finding loads and booking trucks. Today, Lobb is growing fast, working every day to make transporting freight simpler, reliable, and efficient. Fleet owners using Lobb have increased their revenue by 30%.

Sharing his insights Gopal Kaul, Lobb’s Director on Board shared that “the recent round of fundraising has shown progressive confidence of the investors in Lobb’s leadership team and the business model. Through digitization, we are committed to enhancing the efficiency and agility of the long-haul trucks business in India. In recognition of our business leadership, I am happy to share that Lobb is a key partner of the Government of India’s ULIP platform (Unified Logistics Interface Platform) efforts in building the digital gateway with industry players to access logistics-related datasets from various Government systems through API-based integration”.

Opined Rajesh Voddiraju, Serial Entrepreneur & Angel investor, “What particularly impressed us about Lobb Logistics is not only their advanced technological solutions but also their prudent and frugal approach to business. The team has demonstrated exceptional resourcefulness in maximizing output while minimizing costs, ensuring sustainable growth. Their vision and dedication align perfectly with my investment philosophy, and I am confident that Lobb Logistics will play a crucial role in driving the next phase of growth in India's logistics sector." He went on to add, "We are thrilled to invest in Lobb Logistics and support their innovative approach to revolutionizing the logistics industry. As India continues to experience rapid economic growth and embraces the Digital India initiative, the need for efficient, technology-driven logistics solutions has never been greater. Lobb Logistics is at the forefront of this transformation, leveraging cutting-edge technology to streamline supply chains and enhance operational efficiency”.

About LOBB

Founded in 2015 by techno-domain experts Jayaram Raju and Venu Kondur, and later joined by Hemanth G and started with a mission to digitally disrupt the $100 billion worth Indian logistics sector. The company’s end-to-end digital freight brokerage platform, considers the complex intricacies and nuances of the trade and seamlessly connects transporters with truckers to ensure a nationwide supply-demand match. They also aim to empower long haul truck owners to find the right loads on time through its proprietary Truck Discovery Model, which creates a unique network of fleet and routes. Through its deep intelligence engine, Lobb aims to increase truck utilization for truckers by reducing halting through digital payments.