- Cogoport, International Logistics Startup, Raises Series A Funding Mumbai-based freight logistics startup Cogoport has raised an undisclosed amount of Series A funding from Accel Partners. The startup plans to use the series A funding to invest in developing new product and fuel business growth by expanding globally and increase its footprint in domestic market. Commenting on the investment, Shekhar Kirani, Accel Partners said, […]
- Yebhi Co-Founder Manmohan Agarwal Starts Second Innings With Logistics App Truxapp; Raises $3.1 Mn Funding The co-founder of ecommerce venture Yebhi.com Manmohan Agarwal has finally unveiled his new venture, logistics app Truxapp. Truxapp has been under stealth mode for two years and has managed to become a well-established name within the Indian Tech-Logistics industry. Launched in 2015, Delhi-based Truxapp is a mobile app-based logistic service, which connects truck owners to […]
- DHL India Will Invest $100 Mn To Expand Warehouse Capacity Logistics giant Deutsche Post DHL Group is planning to expand its warehouse capacity in India. The move may have been triggered by DHL India looking at the new planned national tax system and increasing ecommerce transactions. Vikas Anand, Managing Director at DHL Supply Chain India said, “We see business-to-consumer as the next big challenge, a big […]
- BlackBuck Raises $70 Mn In Series C Funding, Aims to Converge Fragmented Transportation Ecosystem With Tech According to Novonous market research, road freight is the largest transportation segment in India, constituting around 63% of the total freight movement. The sector is currently valued at $140 Bn. Inter-city logistics accounts for a massive 95% of road freight movement and by 2020, freight transport market in India is expected to be worth $307.70 Bn. […]