About Zencargo
Zencargo is a company based in London (United Kingdom) founded in 2017 by Alex Hersham.. Zencargo has raised $66.04 million across 5 funding rounds from investors including Tiny VC, HV Capital and Yttrium. The company has 171 employees as of December 31, 2023. Zencargo offers products and services including Freight Forwarding Solutions and Zencargo Platform. Zencargo operates in a competitive market with competitors including Flexport, sennder, Forto, Airspace and DB Schenker, among others.
- Headquarter London, United Kingdom
- Employees 171 as on 31 Dec, 2023
- Founders Alex Hersham
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Worldwide Freight Logistics Limited
- Date of Incorporation 06 Jan, 2017
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$66.04 M (USD)
in 5 rounds
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Latest Funding Round
$42.28 M (USD), Series B
May 10, 2021
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Investors
Tiny VC
& 16 more
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Employee Count
171
as on Dec 31, 2023
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Products & Services of Zencargo
Zencargo offers a comprehensive portfolio of products and services, including Freight Forwarding Solutions and Zencargo Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Customized services for ocean, air, and road freight transport.
AI-driven tools for tracking shipments and optimizing decisions.
Unlock access to complete
Funding Insights of Zencargo
Zencargo has successfully raised a total of $66.04M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $42.28 million completed in May 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $42.3M
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First Round
First Round
(23 Mar 2017)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series B - Zencargo | Valuation | Yttrium | |
| Feb, 2019 | Amount | Series A - Zencargo | Valuation | HV Capital | |
| Feb, 2018 | Amount | Seed - Zencargo | Valuation | LocalGlobe |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Zencargo
Zencargo has secured backing from 17 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Tiny VC, HV Capital and Yttrium. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital funding is provided to digital company founders.
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Founded Year | Domain | Location | |
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Yttrium is engaged in growth equity investments for B2B technology.
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Founded Year | Domain | Location | |
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Seed-stage tech-focused VC firm investing primarily in the UK
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Zencargo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Zencargo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Zencargo Comparisons
Competitors of Zencargo
Zencargo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flexport, sennder, Forto, Airspace and DB Schenker, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
End-to-end supply chain logistics platform and services are provided.
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| domain | founded_year | HQ Location |
Tech-enabled platform matches shippers and carriers for trucking loads.
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| domain | founded_year | HQ Location |
Tech-enabled freight forwarding services for multi-modal cargo transport are provided.
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| domain | founded_year | HQ Location |
Web-based cargo management solutions are offered for air logistics.
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| domain | founded_year | HQ Location |
Provider of integrated freight forwarding, logistics and supply chain management services
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| domain | founded_year | HQ Location |
Multi-modal freight forwarding services are provided via an AI-enabled platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Zencargo
Frequently Asked Questions about Zencargo
When was Zencargo founded?
Zencargo was founded in 2017.
Where is Zencargo located?
Zencargo is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Zencargo?
Alex Hersham is the current CEO of Zencargo. They have also founded this company.
Is Zencargo a funded company?
Zencargo is a funded company, having raised a total of $66.04M across 5 funding rounds to date. The company's 1st funding round was a Seed of $3.3M, raised on Mar 23, 2017.
How many employees does Zencargo have?
As of Dec 31, 2023, the latest employee count at Zencargo is 171.
What does Zencargo do?
Zencargo was founded in 2017 in London, United Kingdom, where AI-enabled freight forwarding services are delivered. Instant quotes, booking, and tracking of shipments are supported by the platform, alongside warehousing, fulfillment, analytics, multi-modal forwarding, and supply chain optimization. Operations target the FMCG, fashion, construction, and packaging sectors, with clients such as Ribble and Catapult served.
Who are the top competitors of Zencargo?
What products or services does Zencargo offer?
Zencargo offers Freight Forwarding Solutions and Zencargo Platform.
Who are Zencargo's investors?
Zencargo has 17 investors. Key investors include Tiny VC, HV Capital, Yttrium, Samos Investments, and LocalGlobe.
What is Zencargo's valuation?
The valuation of Zencargo is $46.41M as of Feb 2019.