Trucking startup Fortigo to raise $50mn to enter lending services
Bengaluru-based trucking logistics startup 4TiGO's parent company Fortigo is set to raise around $50 million to offer working-capital loans to members on its platform. The startup is reportedly looking at a valuation of $250-300 million post the Series B round. Launched in 2015 by IIT-Kanpur alumni Vivek Malhotra and Anjani Mandal, 4TiGO currently has around 35,000 trucks in its fleet. 