Total amount raised
$133.6 Millions
Latest funding date
5/1/2023
Location
Cogoport has successfully raised funds through multiple rounds, with the latest being debt financing on May 18, 2023. The platform integrates solutions across a company’s trade journey, including advisory, logistics, and financing.
Keep reading to explore the intricacies of Cogoport's fundraising journey and the investors backing this innovative platform.
What Is Cogoport?
Cogoport, founded on May 3, 2016, in Mumbai, Maharashtra, India, is a global trade platform that integrates logistics, financial services, and trade advisory to streamline global trade operations.
The company was established by Amitabh Shankar, Anurag Dabral, Harsh Kumar, Kunal Rathod, Nishant Dalmia, and Shekhar Purnendu. Their services include real-time shipment tracking, freight rate trends, and deferred payment options.
With a workforce of 501-1000 employees, Cogoport continues to innovate in the logistics and supply chain management sector, offering comprehensive solutions for businesses worldwide.
How Much Funding Has Cogoport Raised?
- Debt Financing
- Amount Raised: Not specified
- Date: May 2023
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and enhance its technology platform.
- Series B
- Amount Raised: $50M
- Date: April 2022
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand services and improve financial stability.
- Series A
- Amount Raised: ₹400M
- Date: April 2018
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop new products and expand globally.
- Debt Financing
- Amount Raised: ₹5B
- Date: October 2017
- Lead Investors: InnoVen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance financial stability and support growth.
- Angel Round
- Amount Raised: $950K
- Date: June 2017
- Lead Investors: Not specified
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and initial growth.
- Seed Round
- Amount Raised: Not specified
- Date: November 2016
- Lead Investors: Not specified
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop the initial platform.
Total Amount Raised: $50.95M + ₹4050M
Current Valuation: Not publicly disclosed
Key Investors
- Trifecta Capital Advisors
- Details: Trifecta Capital Advisors is a venture debt firm that provides financing solutions to high-growth companies. They aim to bridge the gap between equity and traditional debt financing.
- Investment Focus Areas: Technology, consumer, healthcare
- Notable Investments: BigBasket, UrbanClap, CarDekho
- Tiger Global Management
- Details: Tiger Global Management is a global investment firm that focuses on private and public companies. They have a strong presence in the technology and consumer sectors.
- Investment Focus Areas: Internet, software, consumer, financial technology
- Notable Investments: Facebook, LinkedIn, Spotify
- Accel
- Details: Accel is a venture capital firm that invests in early and growth-stage technology companies. They have a global presence with a strong portfolio of successful startups.
- Investment Focus Areas: Technology, internet, software
- Notable Investments: Facebook, Dropbox, Slack
- InnoVen Capital
- Details: InnoVen Capital is a venture debt firm that provides debt financing to high-growth companies in Asia. They focus on supporting startups with flexible financing solutions.
- Investment Focus Areas: Technology, consumer, healthcare
- Notable Investments: Swiggy, Byju's, OYO Rooms
What's Next for Cogoport?
As Cogoport looks to the future, the opportunities are vast. The Indian freight transport market is expected to grow significantly, providing a fertile ground for expansion. With a strong foothold in both domestic and international markets, Cogoport aims to leverage technology to streamline logistics and offer cost-effective solutions. This growth potential could attract further investments, enabling the company to enhance its platform and services.
However, the path forward is not without challenges. The logistics sector is highly competitive, with players like Rivigo and Flexport vying for market share. Additionally, managing operations across multiple international markets will require strategic planning and robust infrastructure. Despite these hurdles, Cogoport's innovative approach and market positioning make it well-equipped to navigate the complexities of global trade.
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay's platform to access comprehensive fundraising data on companies like Cogoport and gather other critical business insights. Sign up for free and start leveraging these powerful tools today.
