GoComet has secured $7 million in Series A funding led by Rider Global and Atlas Ventures to enhance its AI-powered multi-modal logistics platform and expand its global footprint.
Information on the Target
GoComet is a forward-thinking vertical SaaS platform that specializes in providing multi-modal logistics solutions tailored for small and medium-sized enterprises (SMEs) as well as large global corporations. Established in 2018 by a group of four IIT Delhi graduates including Ayush Lodhi, Chitransh Sahai, Gautam Prem Jain, and Mehul Katiyar, the platform has gained recognition for its intuitive interface and powerful automation capabilities, which help businesses efficiently manage their end-to-end logistics.
By utilizing advanced AI and machine learning algorithms, GoComet effectively assists organizations in minimizing freight costs, tracking shipments in real-time, optimizing operations, and providing timely updates regarding global port congestion. As a testament to its impact, more than 150 global brands across 35 countries leverage GoComet's cloud-based SaaS solution, including industry giants like Sun Pharma and Glenmark.
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Industry Overview in the Target’s Specific Country
The logistics and transportation industry plays a crucial role in Singapore's economy, serving as a strategic hub for global trade due to its prime geographical location and advanced infrastructure. As one of the busiest ports in the world, Singapore's logist
Similar Deals
Rider Global and Atlas Ventures
invested in
GoComet
in 2022
in a Series A deal
Disclosed details
Transaction Size: $7M