Truck Lagbe is one of Bangladesh’s largest truck-booking logistics platforms. The company operates a digital platform for booking and coordinating trucking services across Bangladesh. It announced the closing of a Series A+ financing round aimed at transforming the country’s trucking industry. The round was led by global port operator and supply chain provider PSA International Pte Ltd, with participation from Startup Bangladesh Limited and IDLC Venture Capital Fund I. The financing is intended to support the company’s plans to modernize and transform trucking operations in Bangladesh. The article did not include operating metrics such as revenue or user counts. Truck Lagbe operates an app- and web-based marketplace that matches demand and supply for short- and long-haul freight across all 64 districts of Bangladesh. The platform lists trucks of different sizes, offers price transparency, and provides real-time GPS tracking of shipments to improve utilization and efficiency. It serves thousands of customers daily and has over 80,000 registered truck owners and drivers. The company also runs a brokerage service that offers credit terms to larger corporate customers. Truck Lagbe plans to use new capital to expand its team, recruit and acquire more drivers, grow presence in additional districts, and roll out value-added services such as fuel, tyre, and lubricant sales.

Total raised

$4M

Funding rounds

2

Latest round

Series A

Latest activity

Sep 2021