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Access here alternative investment news about Logistics-tech Startup Transporteg Raises $1.9 Mn From Pe Firm | Techcircle
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Logistics-tech Startup Transporteg Raises $1.9 Mn From Pe Firm | Techcircle

by techcircle.vccircle.com posted 1week ago 12 views
TransportEG.com, which connects customers to truck-haulage services, has raised Rs 13 crore ($1.9 million) from the private equity arm of Infrastructure Leasing & Financial Services (IL&FS), a press statement said. The Mumbai-based company will use the funds to boost its product and technology features as well as expand and hire, said Siddaraju HV, chief executive and co-founder, TransportEG, in the statement. The deal was closed last week. TransportEG had raised angel funding from Goldratt Group two years ago in the Israel-based group’s first bet on a startup. TransportEG, which is operated by Caliper Business Solutions Pvt.

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