Logistics startup Cogos achieved a topline of over Rs 40 crore in FY22, marking a 47% YoY growth. Its customer base also expanded by 30% during the same period. Founded in 2016 by Siddharth Jain and Abhishek Agarwal, Cogos offers comprehensive logistics solutions to businesses.
Their platform enables efficient shipment booking and tracking, inventory management, and real-time supply chain insights. In FY22, Cogos processed more than 1 million shipments, with a gross merchandise value (GMV) exceeding Rs 100 crore. Notable clients include e-commerce companies, retailers, and manufacturing businesses.
Backed by investors like Accel Partners, Sequoia Capital India, and Blume Ventures, Cogos plans to utilize the raised funds for expanding its operations and developing new products. The company’s impressive growth in FY22 reflects the increasing demand for end-to-end logistics solutions in India, empowering businesses to enhance supply chain efficiency and minimize costs.
Positioned advantageously, Cogos aims to capitalize on the projected 10%-12% CAGR growth in the Indian logistics startup market. With plans for expansion into new markets, including Southeast Asia, Cogos envisions securing a larger market share. The company’s success serves as a positive indication for the Indian logistics sector, highlighting the evident need for comprehensive solutions.
For business owners seeking logistics solutions, Cogos’ platform presents a viable option, offering improved supply chain efficiency and cost reduction. Additionally, investors interested in the logistics industry should consider Cogos as an attractive investment opportunity, given its strong position for capturing an increased market share in the future.
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