- GoComet recently announced it raised $7 million in Series A funding. These are the details.
GoComet — a vertical SaaS platform started in 2018 by four IIT Delhi graduates (Ayush Lodhi, Chitransh Sahai, Gautam Prem Jain, and Mehul Katiyar) that provides multi-modal logistics solutions to SMEs and global conglomerates — announced it has closed $7 million in Series A financing led by Rider Global and Atlas Ventures.
GoComet is known as an easy-to-use, intuitive multi-modal logistics, and transportation platform that has enabled global businesses to automate their end-to-end logistics profitably. And the company’s breakthrough automation has helped worldwide organizations to build supply chain resilience, especially during the global pandemic.
With deep learning algorithms powered by AI and machine learning, the platform enables organizations to reduce freight costs, track shipments in real-time, optimize operations, and save costs. GoComet enabled companies to get automated real-time updates on worldwide port congestion.
This funding round will fuel the further development of GoComet’s platform and accelerate its customer growth and expansion in the US and Europe, in line with its goal to become a global leader in the multi-modal logistics solutions space.
“We are thrilled to have a group of investors who believe in GoComet’s ability to develop competitive supply chain technology solutions, especially at a time when global supply chains are facing unprecedented challenges. We aim to use this capital to attract and retain key talent and expand our customer base into newer segments and markets.”
— Gautam Prem Jain, CEO and Co-Founder of GoComet
“GoComet already has a proven track record of facilitating significant cost savings in logistics and supply chains for some of the largest global corporations. The product solves a lot of pain points in an easy-to-use and elegant way. We believe this funding will allow the team to accomplish more for their existing as well as new customers and cement the market.”
— Timur Boridko, Managing Partner of Rider Global
“GoComet’s team has developed a unique AI-powered platform that solves a very complicated set of logistical challenges for their clients: from the lack of supply chain visibility to inefficient routing and pricing. We believe it is no longer a ‘nice to have’ solution, but an essential technological toolkit that the industry needs to adopt at scale.”
— Maxim Shkvaruk, Director of Atlas Ventures