Total amount raised
$133.6 Million
Latest funding date
5/1/2023
Location
Cogoport has successfully raised funds through six distinct funding rounds, with the latest being a Debt Financing round. The company has garnered the support of five investors, including notable names like Trifecta Capital Advisors and Tiger Global Management.
Keep reading to explore the intricacies of Cogoport's fundraising journey and the investors backing this innovative platform.
What Is Cogoport?
Cogoport is a global trade platform that integrates solutions across a company’s trade journey, including advisory, logistics, and financing. The company operates in various industries such as air transportation, freight service, information technology, logistics, marine transportation, and transportation. It is based in Mumbai, Maharashtra, India, and has an employee count ranging from 501 to 1000.
Founded with the mission to simplify global trade, Cogoport offers an online platform for booking and managing shipments and cargo. The company provides instant freight quotes for ocean and air freight, serving over 192 countries and handling a wide range of cargo types. Cogoport emphasizes reliability and transparency, offering services like Cogo Assured for guaranteed service reliability and flexible payment options.
How Much Funding Has Cogoport Raised?
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: May 2023
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operational expenses and expand service offerings.
- Series B
- Amount Raised: USD 50,000,000
- Date: April 2022
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technological capabilities.
- Series A
- Amount Raised: INR 400,000,000
- 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: INR 5,000,000,000
- Date: October 2017
- Lead Investors: InnoVen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business growth and operational expansion.
- Angel
- Amount Raised: USD 950,000
- Date: June 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund initial growth and development.
- Seed
- Amount Raised: Not publicly disclosed
- Date: November 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and market entry.
Total Amount Raised: USD 50,950,000 (plus undisclosed amounts)
Current Valuation: Not publicly disclosed
Key Investors
- Trifecta Capital Advisors
- Details: Trifecta Capital Advisors is a leading venture debt firm in India. They provide structured debt solutions to high-growth companies.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: BigBasket, UrbanClap, CarDekho.
- Tiger Global Management
- Details: Tiger Global Management is an American investment firm that focuses on public and private companies in the global Internet, software, consumer, and financial technology industries. They have a strong track record of backing successful startups.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Accel
- Details: Accel is a global venture capital firm that partners with exceptional founders with unique insights, from inception through all phases of growth. They have a strong presence in the technology sector.
- Investment Focus Areas: Technology, logistics, consumer.
- Notable Investments: Facebook, Dropbox, Slack.
- InnoVen Capital
- Details: InnoVen Capital is Asia's leading venture lending firm, providing debt capital to high-growth, venture-backed startups. They have a significant presence in India and Southeast Asia.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: Swiggy, Byju's, OYO Rooms.
What's Next for Cogoport?
As Cogoport looks to the future, the opportunities for growth are vast. The company is poised to develop new products and expand its global footprint, capitalizing on the growing Indian freight transport market, which is expected to grow at a CAGR of 13.35% by 2020. With an annual run rate of $10 million, Cogoport is well-positioned to scale its operations and increase revenue streams from various sources.
Future fundraising opportunities seem promising, given the company's ambitious expansion plans and the increasing use of technology in logistics. Additional funding rounds could support these growth initiatives, enabling Cogoport to enhance its product offerings and enter new international markets. However, the company will need to navigate challenges such as competition from other logistics startups and managing operations across multiple geographies.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Cogoport and gather other critical business insights. Sign up for free to start enhancing your sales strategies today.
