The fresh capital will go towards supporting Blowhorn’s network expansion plans, enabling them to extend their geographical reach across India and serve a wider customer base
The round also saw participation from existing investors Chiratae Ventures, Draper Associates, and Michael and Susan Dell Foundation
Between 2021-26 the freight forwarding industry is expected to grow at a steady CAGR of more than 4%
Logistics provider Blowhorn has raised funds in a fresh round which includes new investor Symphony International Holdings Limited. The round also saw participation from existing investors Chiratae Ventures, Draper Associates, and Michael and Susan Dell Foundation.
Prior to this, the company has raised funds from investors such as Venture Catalysts, James Lee Sorenson and Japanese VC firm, and Dream Incubator in September, 2017.