GoComet
 | |
| Private | |
| ISIN | 🆔 |
| Industry | Logistics |
| Founded 📆 | 2016 |
| Founder 👔 | |
| Headquarters 🏙️ | |
Area served 🗺️ | Worldwide |
| Members | |
Number of employees | 143 |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Introduction:[edit]
GoComet (www.gocomet.com) is a software-as-a-service (SaaS) company specialising in the automation of international logistics
operations for global supply chains. Headquartered in Singapore[1][2], GoComet offers a cloud based application that helps companies automate freight negotiations, track container shipments/fleet, optimise supply chain co-ordination and reconcile invoices. GoComet serves a broad clientele from Shippers - Manufacturing, Import/Export companies, 3PL and 4PLs, Consultants to Data Aggregators an estimated total clientele of approx. 500 companies globally.
Founded in 2016 by Gautam Prem Jain, Chitransh Sahai [3], Ayush Lodhi, and Mehul Katiyar (Head of Engineering), GoComet is the founders' second successful venture
History:[edit]
The founder's journey began with Plat, a real estate agent marketplace in India. Plat aimed to solve for efficient agent lookup - helping home-seekers. This company was later acquired by Housing.com to strengthen it's supply side portfolio in 2015[4]. The founders soon moved on to building their second company called GoComet.
Gautam, Ayush and Chitransh got the idea for GoComet while running a side venture of drop-shipping products online with Amazon FBA. While moving these products from Alibaba to Amazon FBA fulfilment centers, they learned that despite technological progress, logistics operations remained reliant on conventional methods such as emails, phone calls, and spreadsheets.[5] This idea further led to the founding of GoComet
State of Freight Shipping Industry[edit]
Freight movement within logistics necessitates a series of tasks managed by logistics teams. This intricate process spans various stakeholders, including those involved in factory and warehouse operations, transporters, customs clearance agents, port authorities, terminal operators, shipping carriers, and ultimately the end customer (Consignee).
Regrettably, approximately 80% of the freight management process, from its initiation to completion, is executed manually, leading to inherent inefficiencies which became evident to businesses during Covid-19.
This untapped opportunity, in the logistics space brought about a tech-revolution with industry leaders like SAP, Oracle, and many more leading the way. [6] Covid-19 acted as a catalyst for supply chains to take the digital transformation seriously and paved way for many companies like GoComet, Haven and More.
Funding & Awards:[edit]
Funding[edit]
- Pre-series A funding [7] led by India Quotient
- $3M Series A funding[8] led by Leo Capital
- $7M Series A funding[9][10][11] led by Rider Global and Atlas Ventures
Recognition & Awards[edit]
- Forbes 30 Under 30 - Asia - Enterprise Technology (2020)[12]
References[edit]
- ↑ "Startup SG - The Singapore Startup Ecosystem". www.startupsg.gov.sg. Retrieved 2024-01-16.
- ↑ "GOCOMET SOLUTIONS PTE. LTD. - Profile, contacts and insights | The Grid". sgpgrid.com. Retrieved 2024-01-16.
- ↑ "LogiSYM | LogiSYM Awards 2020". logisym.org. Retrieved 2024-01-16.
- ↑ "Housing.com acquires Plat and BigBHK". Business Standard. September 21, 2015.
- ↑ "GoComet". Forbes. Retrieved 2024-01-16.
- ↑ "Logistics automation: Big opportunity, bigger uncertainty | McKinsey". www.mckinsey.com. Retrieved 2024-01-23.
- ↑ "Freight marketplace Comet sweeps in pre-Series A led by India Quotient". Yahoo News. 2016-12-13. Retrieved 2024-01-16.
- ↑ "Singapore-based GoComet raises S$3m in Series A funding led by Leo Capital". www.businesstimes.com.sg. 3 July 2019. Retrieved 2024-01-16.
- ↑ "GoComet raises $7 Million Series A funding". February 8, 2022.
- ↑ "GoComet raises 7 Million Series A funding". The Week. Retrieved 2024-01-16.
- ↑ Newswire, P. R. (2022-02-08). "GoComet Raises $7 Million Series A Funding". TheStreet. Retrieved 2024-01-16.
- ↑ "GoComet". Forbes. Retrieved 2024-01-16.
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