Google Deep Research

{"message":"Module executed successfully","response":"Based on the search results, here is a comprehensive overview of Cogoport:\n\n**What Cogoport Does:**\n\n*   **Digital Freight Logistics:** Cogoport is a technology-driven logistics company that operates a global trade platform. It aims to simplify international trade and logistics for importers, exporters, and freight forwarders.\n*   **Online Marketplace:** The platform functions as an online marketplace, connecting shippers with various logistics service providers like shipping lines, airlines, and customs agents.\n*   **End-to-End Solutions:** Cogoport provides end-to-end global digital freight solutions, covering warehouse-to-warehouse transportation.\n*   **Services Offered:**\n    *   Ocean Freight (Full Container Load - FCL, Less than Container Load - LCL)\n    *   International Air Freight\n    *   Customs Clearance\n    *   Domestic Logistics (Trucking - FTL, PTL, Rail; Trailer & Rail Container Haulage)\n    *   Trade Management Solutions (Freight Rates & Schedules, Quotations, Duties & Taxes Calculator, Tracking & Visibility)\n    *   Supply Chain Solutions (Fulfilment Logistics, Door-to-Door Shipments, Cargo Insurance)\n    *   Financial Services (Pay Later options, Export Factoring, Cogo FX)\n*   **Value Proposition:** Cogoport aims to make freight movement faster, cheaper, and more efficient by offering instant rate discovery, transparent pricing, simplified booking, real-time tracking, and data analytics. They focus on enhancing accessibility and transparency in logistics, moving away from traditional paper-based methods.\n*   **Target Audience:** The platform serves a range of companies, from Small and Medium Enterprises (SMEs) to Multinational Corporations (MNCs), primarily in sectors like chemicals, pharmaceuticals, electronics, textiles, and manufacturing.\n\n**Company Information:**\n\n*   **Founding Year:** 2016\n*   **Founders:** Purnendu Shekhar (Founder & CEO), Nishant Dalmia (Co-Founder & CTO), Kunal Rathod (Co-Founder & Head of Growth), Amitabh Shankar, Anurag Dabral, Harsh Kumar.\n*   **Legal Name:** Cogo Freight Private Limited (India entity: Cogoport Private Limited, incorporated Aug 12, 2020, as a private subsidiary of a foreign company).\n*   **Headquarters:** Sources list both Mumbai, Maharashtra, India and Singapore as headquarters. The Indian entity is registered in Mumbai. Another source mentions Gurugram, Haryana, India. It's likely they have multiple key offices.\n*   **Global Presence:** India, Netherlands, Thailand, Vietnam, Indonesia.\n*   **Employee Size:** Estimates vary across sources, ranging from 151-250, 587, 774, 840, to around 1000. A November 2023 report stated they had 1,000 employees and planned to add 1,000 more in the following year.\n*   **Company Status:** Private\n\n**Financials & Funding:**\n\n*   **Total Funding Raised:** Sources report varying total funding amounts:\n    *   $6.2M (likely outdated, only covering early rounds)\n    *   $89.2M\n    *   ₹446.74 Cr (approximately $53-55M USD, depending on conversion rate)\n    *   $133.61M (across 4 rounds)\n    *   The discrepancies might stem from different reporting dates, inclusion/exclusion of debt financing, or currency conversions. The $133.61M figure appears in multiple recent sources.\n*   **Funding Rounds:**\n    *   **Angel Round (May 2017):** $950K\n    *   **Debt Financing (Sept 2017):** $76.57M (Note: This large amount as debt financing seems unusual and might be a reporting error or specific type of facility, potentially from Innoven Capital)\n    *   **Series A (April 2018):** $6.09M (or approx. ₹50 crore) led by Accel. Other sources mention $6.2M. Investors included Accel, DST Global, Tiger Global Management.\n    *   **Series B (April 2022):** $50M (or $60M according to one source) led by Tiger Global Management.\n*   **Lead Investors:** Tiger Global Management, Accel.\n*   **Other Investors:** Alteria Capital, DST Global, Gemini Investments (Holdings), Innoven Capital.\n*   **Revenue:**\n    *   FY 2022-23 (ending Mar 31, 2023): ₹104.86 Cr (approx. $12.5M USD). One source states operating revenue over ₹500 Cr (approx $60M USD) for this period, indicating a significant discrepancy. Another source estimates annual revenue at $223.1M per year, which seems very high compared to the reported figures.\n    *   FY 2021-22: Revenue from Operations ₹739.5 Cr (approx $88M USD), Total Revenue ₹754.4 Cr (approx $90M USD). Gross Merchandise Value (GMV) reported as nearly ₹750 Cr for FY22.\n    *   A 2017 article mentioned an annual turnover of US$ 10 million (around Rs 64 crore) after about a year of operation.\n*   **Profitability:**\n    *   FY 2022-23: Loss of ₹35.26 Cr (approx. $4.2M USD). EBITDA reportedly increased by 105.74% over the previous year.\n    *   FY 2021-22: Profitable (according to one source mentioning competitor Kale Logistics). However, another source shows a loss for FY22. Financial data seems inconsistent across sources.\n    *   A Nov 2023 article mentioned the company aims to maintain profitability and expected to be PBT-positive despite a difficult year.\n\n**Recent News & Developments:**\n\n*   **Workforce Expansion (Nov 2023):** Planned to add over 1,000 employees in the next year, partly through a Post-Graduate Certificate Program in Global Logistics and Freight Management developed with IIM Amritsar.\n*   **Leadership Change (Oct 2023):** Elevated Hrishikesh Kulkarni to Chief Operating Officer, India.\n*   **GMV Growth (Jun 2023):** Reported Gross Merchandise Value (GMV) shot up 4.6X to nearly Rs 750 Cr in FY22.\n*   **Market Expansion (Nov 2023):** Planning expansion into new markets, including Southeast Asia.\n*   **Workplace Culture Concerns (Nov 2023):** An article in \"The Morning Context\" reported allegations from current and former employees about difficult work policies and arbitrary performance ratings.\n\n**Business Model:**\n\n*   Built on principles of aggregation and marketplace.\n*   Leverages technology (AI, ML, data analytics) for efficiency, transparency, route optimization, and real-time tracking.\n*   Offers a digital platform for comparing rates, booking shipments, managing documentation, and tracking cargo online.\n*   Provides value-added services like trade finance (export factoring, pay later options) and cargo insurance.\n\n**Competitors:**\n\n*   Freight Tiger, BlackBuck, DP World, Flexport, GoBOLT, Freightwalla, Rivigo, Delhivery, Shadowfax, Ecom Express, LetsTransport, Locus, PSA International, TiL Group.\n\nIn summary, Cogoport is a significant player in the digital logistics space, aiming to streamline global trade through its technology platform. It has secured substantial funding, particularly from major investors like Tiger Global and Accel, and shows ambitious growth plans despite some reported inconsistencies in financial data and recent concerns about workplace culture."}