PSA leads financing round of Bangladeshi truck booking platform

PSA leads financing round of Bangladeshi truck booking platform

July 14, 2023

Truck Lagbe, a truck booking logistics platform in Bangladesh, has announced the completion of its Series A+ financing round.

PSA International, a worldwide port operator and supply chain provider, led the financing, with Startup Bangladesh Limited and IDLC Venture Capital Fund I, also participating.

This funding will enable Truck Lagbe to continue expanding its platform and increasing its reach, allowing more companies and consumers to benefit from its transportation solutions.

Since 2017 Truck Lagbe has been a pioneer in the trucking business, with over 80,000 registered trucks on its platform, serving the transportation needs of thousands of people across Bangladesh.

Truck Lagbe’s services are used by many corporations and small and medium-sized enterprises (SMEs) to ensure the seamless running of their supply chain. Its all-inclusive transportation solution has assisted several of these enterprises in reducing their logistics costs by up to 17%.

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