Debt financing
B2B logistics platform Cogos raises $1.2 M from Vivriti Capital
Bengaluru-headquartered logistics startup Cogos Technologies has raised USD 1.2 million in debt from fintech NBFC Vivriti Capital for its expansion plans. The B2B city logistics platform would use the funds to expand its national footprint, specifically in Tier II and III cities, and for hiring talent. Founded in 2016 by Prasad Sreeram and Rama Mohan Katta, the artificial intelligence-led logistics platform is backed by New York-based deep tech fund WorldQuant Ventures, UAE-based logistics major Transworld, Indian Angel Network (IAN), EV2 Ventures and Lets Venture. Cogos had previously raised USD 3 million in seed and pre-series funding rounds. It also acquired the FMCG modern trade business of Porter.
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