On Tuesday, COGOS Technologies Pvt Ltd said that it had raised $2 million in pre-Series A funding led by Dubai-based shipping and logistics firm Transworld Group and New York-based deep tech fund WorldQuant Ventures.

Ritesh S. Ramakrishnan of Transworld Group will be joining the COGOS board.

With this fundraise, Bengaluru-based COGOS plans to expand its business and strengthen and develop its technology platform. It aims to upgrade its model and grow the industry in India and overseas, providing customised tech solutions to its partners.

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“COGOS was founded to integrate the fragmented and the unorganised logistic market. We are very happy to have global logistic players and Deep tech VCs believing in the potential of COGOS Platform.