Lobb, a Bengaluru-based digital goods brokerage platform, has raised $2.9 million in a recent funding round led by prominent investors, including Rajesh Voddiraju and Sharada Nandakumar, the CEO of Voya India. This influx of capital aims to accelerate the company’s technological advancements and expand its market presence, ensuring continued delivery of exceptional value.
Before this round, 3One4 Capital, an early-stage venture capital firm, had led a previous funding round that raised $1.1 million for Lobb.
As one of the fastest-growing digital freight brokerage platforms, Lobb connects carriers and transporters nationwide. The company is on track to achieve a revenue target of Rs 500 crores within the next two years, showcasing its significant market impact.
Lobb’s clientele includes leading logistics organizations, supported by a network of over 5,000 fleet owners and more than 30,000 trucks. The platform collaborates with over 1,200 logistics companies, emphasizing its extensive reach and reliability.
Founded in 2015 by Venu Kondur, Lobb has established itself as India’s premier digital freight brokerage platform, dedicated to providing reliable, efficient, and consistent services for transporters and truckers.
