COGOS Technologies, a Bangalore-based AI-driven supply chain platform possessing mobile and tower potential, has secured US$ 2 million in a pre-Series A funding round co-led by Transworld Group and Worldquant Ventures on 7 September 2021.
Investors: The latest investment round featured Transworld Group and Worldquant Ventures as the lead investors. The startup has managed to raise, in total, US$ 3 million to date.
Purpose of the funding: The startup seeks to utilize the proceeds from the latest investment round towards further product development and stimulating domestic and international expansion.
About COGOS Technologies
Brought to existence in 2016 by Dr Rama Mohan Katta and Prasad Sreeram, COGOS Technologies envisions revolutionizing the supply chain domain by structuring a robust and tech-driven logistics network. An advanced technological framework coupled with smart sensors, third-party services, AI and machine learning-based analytics has enabled the firm in uplifting the businesses of trucker dealers and entrepreneurs. COGOS Technologies has a nationwide presence and operates in 21 states, including the entire northeast region, with a vision to enter the international market. The startup claims to be the most rapidly-growing supply chain platform in India, making a daily effort to offer the perfect deals and improved services to its customers by modifying its technology through innovations and an individualized business paradigm.
What the Founder has to say: “Our primary motive for establishing COGOS was the strengthening and integration of an underdeveloped and fragmented supply chain domain. It is exhilarating to receive financial assistance from globally renowned supply chain corporations and deep-tech venture capitalists who have shown strong faith in our company’s platform. As far as our future goals are concerned, we aim to persistently offer personalized solutions to our associates and make an attempt to deliver a high-end experience to customers.”- Prasad Sreeram, Co-Founder and CEO of COGOS Technologies.
What the Investor has to say: “The way we see it, India is about to witness an exponential growth in the logistics domain which will be fuelled by innovation and consumption. The Indian logistics sector, valued at more than US$300 billion, currently exists in bits and pieces. The underserved tier 3 and 4 Indian towns will likely observe the highest growth. The advent of technology has brought significant alterations in the supply chain network. We are rejoiced at joining hands with COGOS and look forward to assisting the firm in its future growth journey.”- Chetan Mehta, CEO of Wami Capital – Single Family Office of Transworld Group.
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