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SmartKargo e-commerce expects US$5 trillion revenue this year

INVESTMENT firm M33 Growth has invested in the SmartKargo e-commerce service platform that expects US$5 trillion this year in industry-wide revenues growing to $6

11 April 2021 - 19:00
INVESTMENT firm M33 Growth has invested in the SmartKargo e-commerce service platform that expects US$5 trillion this year in industry-wide revenues growing to $6.4 trillion in 2024.

The company declared the M33 Growth cash would be used to fuel the adoption of SmartKargo e-commerce integrated shipping technology, reports London's Air Cargo News.



'Airlines in Brazil, Canada, Mexico, and Norway are among the early adopters and have significantly grown cargo revenues by shipping e-commerce products on passenger airplanes,' said SmartKargo.



SmartKargo chief executive Milind Tavshikar declared that M33's investment and knowledge will help the company greatly.



'We believe that M33's investment and knowledge will help us bring our product to more customers worldwide and while continuing to build out our leading capabilities,' said Mr Tavshikar.


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