Logistics aggregator i-Loads seeks funds

The company has 3,500 trucks and 100 customers, or load providers, in its portfolio

i-Loads, an online logistics platform of White Data Systems, in which Murugappa group company Cholamandalam Investment and Finance holds the majority stake, is looking at expanding its business as an aggregator of financing solutions for truck owners.

The company, which has a business plan to connect owners of commercial vehicles with customers, has 3,500 trucks and 100 customers, or load providers, in its portfolio. Cholamandalam Investment has invested Rs 8 crore in White Data Systems for a 63 per cent stake. “Transporters typically have 45-60 days’ credit from the time of submission of proof of delivery.

The truck operator has