Freight Services Marketplace Comet Raises Funding From India Quotient, Rajul Garg, Others

Freight services marketplace Comet, has raised an undisclosed amount in seed fund. The investment was lead by India Quotient, the Mumbai-based early stage VC fund. Marquee investor Rajul Garg and founders of BlackBuck -Rajesh Yabaji, Chanakya Hridaya, Ramasubramaniam B and Vishwanathan- have invested in their personal capacity. Other investors include, Dubai-based Nobel House, Sunstone Capital and serial entrepreneur cum angel investor Alok Mittal.

Comet was founded in June 2016 by IIT-Delhi alumni Chitransh Sahai, Gautam Prem Jain, Ayush Lodhi, and Mehul Katiyar, who in their previous stint co-founded and sold Plat to in June 2015.

Comet is a platform for international B2B freight service providers and clients, to manage everything—from booking containers to tracking and custom clearances—all from a single dashboard. The Comet marketplace offers clients a technology-enabled system to move, track and manage their cargo across the globe.

“We are creating a centralized system which can coordinate international freight service providers, transport companies, CFS’s (Container freight stations) and customs operations. The idea is to bring down the opacity in the international freight management industry and thus improve time and cost efficiencies,” Co-founder Chitransh Sahai said.

The funding raised will be used to build the team, technology and increase market penetration.

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