One-stop solution for international logistics

Comet, a Mumbai-based start-up, has tie-ups with several companies such as Khimji Poonja, PB Cargo

If you are into the import and export business and often run into problems in price discovery, tracking shipments while moving cargo, need not be a worry. There is a start-up working to address these issues. 

Comet is a platform for an international business-to-business (B2B) freight service provider, which manages everything — from booking containers to tracking and custom clearances. It also manages all the paperwork to ensure end-to-end cargo delivery through roads, sea and air. 

Recently, the Mumbai-based start-up raised an undisclosed amount in pre-Series A funding. The investment was led by India Quotient, founders of Blackbuck, a logistics start-up, and a host of venture capitalists. 

The company offers clients rates for logistics and a technology-enabled system to manage their cargo. The centralised cloud-based system connects clients and service providers on its platform. 

Comet was founded in June 2016 by Chitransh Sahai, Gautam Prem Jain, Ayush Lodhi and Mehul Katiyar. 

The company makes money by charging a commission on every transaction, which varies according to the scope of shipment and trade route. “We are operationally positive and make a gross profit on every shipment that we do,” says Chitransh Sahai, one of the co-founders. 

The start-up plans to use the funding for team building, product development, marketing and to improve market penetration. It also claims to have considerable traction in trade-heavy routes such as China-to-India and India-to-United Arab Emirates. The start-up has a tie-up with companies such as Khimji Poonja, PB Cargo, Victor Logistics and OFS Logistics.

“The lack of adoption of technology in the B2B space in Indian markets is one of the major challenges for us,” says Sahai. The start-up has a seven-member team, which it plans to increase to 15 before the next round of funding.