Matrix Partners invests into Loadshare Networks
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Matrix partners, a US-based private equity player disclosed about its investment into Loadshare Networks, a startup, in an announcement on Tuesday. Raghuram Talluri, co-founder and CEO, Loadshare, said, “We see a big upcoming change in the Logistics sector over the coming decade and at the heart of this change is the logistics SME. In a short span of time, we have achieved significant traction evidenced by a)adoption of our tech platform by our SME partners b)being able to offer the lowest cost structure to our customers, while maintaining service levels and c)helping our partners earn more. This strengthens our vision to build an asset-light network across geographies and promote logistics entrepreneurship across the country. We are excited to have Matrix Partners with us in this journey.” Vikram Vaidyanathan, managing director of Matrix India said that SMES in India are fast adopting technology rapidly and they believe saas-enabled marketplaces are a great approach to providing value to the Indian SME. “Loadshare’s approach to stitch together a network of small courier companies across India by providing them technology is differentiated. The company is off to a fast start and we’re privileged to partner with Raghu and the founding team on this journey,” adds Vaidyanathan.
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