Sequoia-backed Porter sells enterprise biz to logistics aggregator

Logistics firm Porter, backed by Sequoia Capital, has sold off its business-to-business (B2B) or enterprise vertical, two persons privy to the development told VCCircle. Intra-city logistics aggregator Cogos Technologies Pvt. Ltd has bought the business in a cash deal, the persons said. "Porter was unable to scale up the loss-making vertical, which ......