Bangladeshi logistics platform, Truck Lagbe, has successfully closed its Series A+ financing round, with significant funding from global port operator PSA International Pte Ltd, alongside Startup Bangladesh Limited and IDLC Venture Capital Fund I. Since its establishment in 2017, Truck Lagbe has been a pioneering force in the trucking industry, connecting truck owners and drivers with consumers for on-demand trucking needs. With over 80,000 registered trucks on the platform, Truck Lagbe has provided comprehensive solutions to businesses and individuals across Bangladesh, resulting in up to 17% reduction in logistical expenses.
The long-term vision of this company involves integrating all trucking-related services in one place to boost sector efficiency and sustainability by reducing empty truck movements and their environmental impact. With PSA’s expertise in global supply chain efficiency, the investment is expected to strengthen Bangladesh’s trucking ecosystem. The platform’s effective matching of trucking demand and supply aims to minimize empty trips, resulting in lower emissions and greater sustainability.