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Fortigo Network Logistics company logo
INTERNET | Internet Software & Services / Supply Chain & Logistics
4tigo.com

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Founded Year

2015

Stage

Series A | Alive

Total Raised

$10M

Last Raised

$10M | 4 yrs ago

About Fortigo Network Logistics

Fortigo Network Logistics, dba 4TiGO, is a logistics startup. The company's cloud-based technology platform and complementing business services brings stakeholders of the logistics industry like consignors, consignees, fleet owners, transport companies, and agencies on a common platform and enable them to exchange information, transact, and manage business.

Fortigo Network Logistics Headquarter Location

#9, 2nd Floor, 17th A Main Road Kormanagala

Bengaluru, 560 095,

India

+61 18001034846

Latest Fortigo Network Logistics News

Fortigo to Raise Fresh Capital for Lending Foray

Jan 2, 2019

Fortigo (4TiGO), a Bangalore-based logistics platform owned by Fortigo Network Logistics Pvt. Ltd., is now all set to secure $50 million in fresh funding round, in order to roll out its plan to provide working capital loans to members on its own trucking logistics platform, according to a report. The logistics startup was founded by Headstrong executives Anjani Mandal and Vivek Malhotra in the year 2015, as a fleet management service provider for transporters, truck owners, and transport companies. The startup aids its logistics partners in managing and tracking their inventory. As of now, there are more than 35,000 trucks on its platform. According to the report, Anjani Mandal, CEO, and co-founder of Fortigo, said, “We believe there exists a gap in access to working capital to the trucking companies, part of a largely unorganized sector, and the banking system can not bridge this gap. In our pursuit towards helping transition the industry towards the organized sector, we now intend to add a lending platform to provide working capital to trustworthy partners of the network.” Some of the existing investors like Infosys Co-Founder Nandan Nilekani and Accel India Management Co. Pvt. Ltd. are expected to participate in the funding round, along with a few other new investors. Talking about the upcoming funding round, Mandal said, “We would start raising about $50 million in the first half of this year, for which the discussions are already on. Most of the money will be going into the financial services business. We have been running our logistics business very well so the funding requirement on that side is very limited. We would break even by the time we do our financial services launch.” Picture Credits: Fortigo

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Expert Collections containing Fortigo Network Logistics

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Fortigo Network Logistics is included in 2 Expert Collections, including Supply Chain & Logistics Tech.

S

Supply Chain & Logistics Tech

2,865 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

T

Trucking Tech

379 items

We define trucking tech broadly as companies developing technology-enabled services and products focused on the freight trucking industry, such as trucking-oriented marketplace platforms, fleet management solutions, and onboard monitoring and tracking systems.

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