# Lugg Cargo Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lugg-cargo-private

- Industry: Software
- Headquarters: Gurgaon, India
- Website: www.transporter.city
- Total disclosed funding: $0.4M
- Latest round: Seed (May 7, 2019)
- Investors on record: 4

## About

Lugg Cargo Private Ltd. specializes in innovative logistics and cargo transportation solutions, offering businesses efficient services tailored to their specific needs.Founded in 2016 in Gurgaon, India, Lugg Cargo Private Ltd. focuses on providing logistics services. The company raised INR 26.1 million in a Seed funding round on May 7, 2019, led by Axilor Ventures and other investors. The founder, Beka Gurgenidze, has a history of entrepreneurship that informs his leadership as CEO.Lugg Cargo Private Ltd. offers a variety of logistics solutions designed for the efficient movement of goods. Their core service includes tailored cargo transportation that caters to diverse business needs, from small enterprises to larger organizations. The company operates in key markets including North America, Europe, and parts of Asia, addressing logistical challenges with practical solutions.Lugg Cargo Private Ltd. generated revenue of INR 83,138.60 in the most recent year, 2023, with an EBITDA of INR -6,322.10, indicating the current operational performance of the company.Looking forward, Lugg Cargo Private Ltd. plans to launch new logistics services aimed at enhancing cargo efficiency by the end of 2024. They are also targeting expansion into Southeast Asia and the Middle East within the next two years, leveraging recent funding from their Seed round to support these initiatives and improve their operational capabilities.

## Funding rounds

- Seed, May 7, 2019, $0.4M — Vistra ITCL, Lead Invest, Axilor Ventures, Touchstone Equities Limited

## Investors

- Vistra ITCL — Seed
- Lead Invest (https://capitalatlas.ai/funds/lead-invest) — Seed
- Axilor Ventures (https://capitalatlas.ai/funds/axilor-ventures) — Seed
- Touchstone Equities Limited (https://capitalatlas.ai/funds/touchstone-equities-limited) — Seed