Sequoia-backed Porter sells enterprise biz to logistics aggregator

By Debjyoti Roy

  • 21 Jul 2020
Premium
Credit: 123RF.com

Logistics firm Porter, backed by Sequoia Capital, has sold off its business-to-business (B2B) or enterprise vertical, two persons privy to the development told VCCircle. Intra-city logistics aggregator Cogos Technologies Pvt. Ltd has bought the business in a cash deal, the persons said. "Porter was unable to scale up the loss-making vertical, which ......

This is a Premium article. Please subscribe or log in to read the full story!

Here's a selection of our recent premium content.

Already a member? Click here to log in.