Hotline: 1800 102 2007
X
Search Business Opportunities
Apr, 17 2018

Logistics marketplace Cogoport gets Funding From Accel Partners In Series A

In a statement Cogoport said that the funds will be used to develop new products and expand its business in India and other countries.

Mumbai-based Cogo Freight Pvt. Ltd, which owns and operates digital freight company Cogoport, has secured funding from venture capital firm Accel Partners led Series A round.

In a statement Cogoport said that the funds will be used to develop new products and expand its business in India and other countries.

Cogoport started operations in February 2017. The startup didn’t disclose the amount of funding it raised. However, a person close to the development hinted that the amount is close to Rs 40 crore ($6.2 million).

Cogoport had raised angel funding of $950,000 from a high-net-worth individual based in Singapore, according to a June 2017 report in Economic Times.

Purnendu Shekhar, co-founder and chief executive of Cogoport, said in the statement that the company follows a “customer-centric approach” and that this funding round will help the company expand globally.

Shekhar Kirani, Managing Partner at Accel Partners, said in the statement the Cogoport team has deep domain experience, strong technology background, and financial expertise. The team has “all the ingredients for targeting the sizeable global market”, Kirani said.

Comment
image
Related opportunities
  • About Us: Established in 2012, Hot Fut Sports, a venture of..
    Locations looking for expansion Maharashtra
    Establishment year 1950
    Franchising Launch Date 2015
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 6000 - 50000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Quick Service Restaurants
    Partner With Genuine Broaster Chicken: “Broasting®” is a unique cooking method..
    Locations looking for expansion New Delhi
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Okhla New Delhi
  • Computer Hardware & IT
    About Us: Mindlogicx is a global knowledge engineering company , and..
    Locations looking for expansion Karnataka
    Establishment year 2002
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Cosmetics & Beauty Product Stores
    About Us: Founded in 2002, in India, KAMA Ayurveda is a..
    Locations looking for expansion Delhi
    Establishment year 2002
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities