About Lobb
Lobb is a company based in Bengaluru (India) founded in 2015 by Hemanth G and Jayaram Raju.. Lobb has raised $4.56 million across 4 funding rounds from investors including 3one4 Capital, Rajesh Voddiraju and Sharada Nandakumar. The company has 82 employees as of April 03, 2024. Lobb offers products and services including Lobb Truck and Find a Load. Lobb operates in a competitive market with competitors including BlackBuck, Vahak, Celcius, Onmove and Trans India, among others.
- Headquarter Bengaluru, India
- Employees 82 as on 03 Apr, 2024
- Founders Hemanth G, Jayaram Raju
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Truckcentral Solutions Private Limited
- Date of Incorporation 07 May, 2015
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$12.26 M (USD)162.63as on Mar 31, 2023
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Net Profit
$-236.72 K (USD)12.63as on Mar 31, 2023
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EBITDA
$-227.28 K (USD)16.22as on Mar 31, 2023
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Total Equity Funding
$4.56 M (USD)
in 4 rounds
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Latest Funding Round
$2.9 M (USD), Seed
Jul 04, 2024
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Investors
3one4 Capital
& 19 more
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Employee Count
82
as on Apr 03, 2024
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Products & Services of Lobb
Lobb offers a comprehensive portfolio of products and services, including Lobb Truck and Find a Load. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for booking trucks and managing freight services
Service to discover and secure verified freight loads
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Funding Insights of Lobb
Lobb has successfully raised a total of $4.56M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $2.9 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Seed — $2.9M
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First Round
First Round
(18 Mar 2017)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Seed - Lobb | Valuation |
investors |
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| Feb, 2022 | Amount | Seed - Lobb | Valuation | Byju Pillai | |
| Mar, 2019 | Amount | Seed - Lobb | Valuation | 3one4 Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lobb
Lobb has secured backing from 20 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include 3one4 Capital, Rajesh Voddiraju and Sharada Nandakumar. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in technology sectors like SaaS and Fintech in India.
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Founded Year | Domain | Location | |
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Professional IT consulting and solutions for ERP, SCM, PLM, and business transformation.
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Founded Year | Domain | Location | |
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Enterprise software services and IT support are provided to businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lobb
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lobb
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lobb Comparisons
Competitors of Lobb
Lobb operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BlackBuck, Vahak, Celcius, Onmove and Trans India, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Fleet operators are connected with truckers through a digital marketplace.
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| domain | founded_year | HQ Location |
An app-based marketplace is operated for cargo transportation bookings.
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| domain | founded_year | HQ Location |
Cold chain logistics solutions are booked through an online platform.
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| domain | founded_year | HQ Location |
Technology-enabled platform for transportation management services
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| domain | founded_year | HQ Location |
Online marketplace that connects truck owners with load owners
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lobb
Frequently Asked Questions about Lobb
When was Lobb founded?
Lobb was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Lobb located?
Lobb is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Lobb?
Venu Kondur is the current CEO of Lobb.
Is Lobb a funded company?
Lobb is a funded company, having raised a total of $4.56M across 4 funding rounds to date. The company's 1st funding round was a Seed of $187.92K, raised on Mar 18, 2017.
How many employees does Lobb have?
As of Apr 03, 2024, the latest employee count at Lobb is 82.
What is the annual revenue of Lobb?
Annual revenue of Lobb is $12.26M as on Mar 31, 2023.
What does Lobb do?
Founded in 2015 and based in Bengaluru, India, Lobb operates in the logistics sector as a digital freight brokerage platform. Transporters and truckers are connected through verified truck discovery, competitive pricing, and real-time shipment tracking. Consistent loads are ensured for truckers, along with minimized downtime and on-time payment settlements. Logistics are streamlined via a centralized truck placement system and proof of delivery within specified timeframes.
What products or services does Lobb offer?
Lobb offers Lobb Truck and Find a Load.
Who are Lobb's investors?
Lobb has 20 investors. Key investors include 3one4 Capital, Rajesh Voddiraju, Sharada Nandakumar, Ramana Reddy, and P Shyama Raju.
What is Lobb's valuation?
The valuation of Lobb is $12.17M as of Feb 2022.