Bengaluru-based digital freight brokerage platform Lobb has secured $2.9 million in a funding round led by investors including Rajesh Voddiraju, CEO of Voya India, Sharada Nandakumar, P Shyama Raju of Divyasree Developers, Ramana Reddy of Ensoftek, and Giri Pasumamula from Intel Corp. This funding round aims to fuel Lobb’s technology-driven growth and expand its market reach, according to co-founder Venu Kondur. Previously, Lobb raised $1.1 million from 3One4 Capital.
Founded in 2015 by Venu Kondur, Hemanth G, and Jayaram Raju K, Lobb has quickly grown into one of India’s leading digital freight brokerage platforms, connecting truckers and transporters nationwide. The startup targets achieving Rs 500 crores in revenue within two years and serves a wide range of logistics brands. Lobb collaborates with over 1,200 logistics companies and manages a network of more than 5,000 fleet owners and 30,000 trucks.
Currently operational in 22 cities, Lobb plans significant expansion. The funding will support this growth by expanding into over 50 new locations, focusing on high-density transportation routes. Additionally, Lobb aims to enhance operational efficiency through the integration of GenAI and machine learning technologies.
Anurag Ramdasan, Partner at 3One4 Capital, highlighted Lobb’s strategic integrations with major oil companies for fuel supply, banks for FasTag services, and upcoming initiatives for seamless annual insurance renewal and GPS navigation solutions for truckers.
