Tech-logistics startup COGOS has announced the appointment of its new co-founder, Katta Prasad. COGOS has also elevated Goutham BV, previously working as Vice President of Technology, as its CTO (Chief Technology Officer). This move signifies a strategic step towards furthering COGOS’s commitment to innovation and excellence in City Logistics. The size of the Indian city logistics market is USD 60 billion in the current year and is expected to register a CAGR of more than 5% during the forecast period.
Katta joined COGOS last year as its COO (Chief Operating Officer) and also into the Board. His visionary leadership has played a pivotal role in aligning COGOS with the mission of GAPZERO and driving profitability across key business verticals. Under his guidance, the Full Truck Load (FTL) business vertical has surged ahead towards profitability, while the Less Than Truck Load (LTL) vertical has witnessed a remarkable turnaround from a -22% gross margin to a noteworthy +11% gross margin.
“We are thrilled to announce Katta Prasad’s well-deserved appointment as Co-Founder,” said Prasad Sreeram, CEO & Co-Founder, COGOS. “His visionary leadership and strategic insights have been instrumental in driving COGOS’s growth and positioning us as a frontrunner in the last-mile logistics industry. We are confident that under his continued guidance, COGOS will continue to thrive and innovate in the dynamic landscape of City Logistics.”
Speaking on his appointment, Katta Prasad, COO & Co-Founder, COGOS said, “I am deeply honoured to embark on this journey as the Co-Founder of COGOS. With our collective efforts, we aim to redefine standards and spark innovation. COGOS has been at the forefront of integrating technology into intra-city logistics, and we’re committed to pushing the boundaries even further.”
In line with its ambitious nationwide growth plan, COGOS has recently expanded its operations to include Himachal Pradesh and Goa, solidifying its position as the largest network in the country, now serving 25 states and reaching over 450 cities.
