Tiger Global invests $50m in Indian logistics marketplace Cogoport

Image from Pixabay

Online logistics platform Cogoport, which aggregates ocean and airline freight carriers, has raised $50 million in a Series B funding round from New York-based investment firm Tiger Global Management, per regulatory filings.

The Mumbai-based startup issued 1.34 million Series B preference shares to Tiger Global at $37.36 apiece, according to its filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA).

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