Accel Partners Invests Rs 40 Crore in Online Logistics Startup
Accel Partners, a private equity investment firm has invested about Rs 40 crore in online freight logistics firm Cogoport.
In a press release, the Cogoport said, "it has secured Series A funding round from Accel Partners, however, the company did not disclose the amount it has raised but according to our sources the amount is around 40 crore."
"The fund will enable Cogoport to invest in developing new products and fuel business growth by expanding globally and increase its footprint in the domestic market," the statement said.
Cogoport is an online international freight exchange currently offering price discovery and booking using a data-driven technology solution.
Incorporated in May 2016, Cogoport provides end-to-end global freight solutions for importers and exporters. The b...