This start-up wants to be Flipkart of logistics

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If there is one place that generates as many start-up ideas – if not so much in their execution – as Silicon Valley, it is India. And the latest to come out of the sub-continent’s hi-tech hotspots is Cogoport. It’s a Mumbai-based firm that has just passed its first anniversary and is India’s answer to the freight rate comparison and booking platforms that have proliferated in recent years. It has around 500 containers being booked through its site each month, according to this article from India’s Economic Times, and earns a 6-7% commission per shipment booked. Its first round of funding was $950,000 that came from an angel investor in Singapore.