Business Standard

Porter completes divestment of Modern Trade business to COGOS Technologies

This move aims at ensuring continuity of the business vertical with COGOS, an enterprise-led business model and strengthening Porter's focus on its core business solutions

Porter app
Premium

Peerzada Abrar Bengaluru
Porter, an intra-city logistics company announced the divestment of its FMCG Modern Trade business segment to COGOS Technologies, a leading tech-logistics startup. This strategic divestment has been undertaken, realigning Porter’s business priorities and strengthening focus on on-spot demand services and technology amelioration.

During the pandemic keeping up with the market requirements, Tiger Global and Sequoia-backed Porter diversified its service offerings to cater to the requirements of FMCG companies. 

“During Covid we started multiple lines of business, including Modern Trade,” said Pankaj Shroff, CFO, Porter. “After due deliberations, we decided to focus on our core business and found an able alliance

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 26 2022 | 2:40 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com