Tech-logistics startup COGOS has taken significant steps to bolster its leadership team, announcing Katta Prasad as its new co-founder. Additionally, Goutham BV has been promoted to Chief Technology Officer (CTO) from his previous role as Vice President of Technology. This strategic move underscores COGOS’s dedication to advancing innovation and excellence within the City Logistics sector.
Katta Prasad, who joined COGOS last year as Chief Operating Officer (COO) and board member, has been pivotal in aligning the company with its mission of achieving GAPZERO and driving profitability. Under his leadership, the Full Truck Load (FTL) business has made significant strides towards profitability, while the Less Than Truck Load (LTL) segment has improved its gross margin from -22% to an impressive +11%.
“We are thrilled to announce Katta Prasad’s well-deserved appointment as Co-Founder,” stated Prasad Sreeram, CEO and Co-Founder of 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.”
Expressing his enthusiasm, Katta Prasad said, “I am deeply honored 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 alignment with its ambitious growth strategy, COGOS has recently extended its operations to include Himachal Pradesh and Goa. This expansion solidifies COGOS’s position as the largest logistics network in India, now operating in 25 states and covering over 450 cities.
The Indian city logistics market, currently valued at USD 60 billion, is expected to grow at a CAGR of more than 5% during the forecast period, reflecting the increasing demand and potential within this sector.