Exclusive: Hyderabad-based Cargo Exchange raising $2m from group of investors

Exclusive: Hyderabad-based Cargo Exchange raising $2m from group of investors

Cargo Exchange India Pvt Ltd, a Hyderabad-based logistics services provider, is in final talks to raise $2 million from a group of investors, sources privy to the development told DEALSTREETASIA.

Founded in January 2015 by Srihari Icharapu and Jagdeesan Vijayakumar, Cargo Exchange acts as a bridge between truck owners, cargo-owners and intermediaries to exchange information, make deals. It was later joined by Chandan Reddy Gangasani, Venkat Ramana Gottipati as co-founders and Hiten Shah as finance director in April this year.

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