CargoFL, a technology platform specializing in AI-powered logistics solutions, has raised ₹6.75 crore in its latest seed funding round.
The round was led by YourNest Venture Capital, contributing ₹4.7 crores, with additional investments from Real Time Angel Fund (₹50 lakh), and Peaceful Progress Angel Fund, Rs 25 lakh from Sanchi Connect Accelerator, and Rs 80 lakh from angel investors such as Dinesh Chandra Agarwal, Dinesh Gulati, Murugavel Janakiraman, and Rajesh Sawhney.
This follows an earlier investment of $135,000 from HPCL and other investors.
The funds will be used to enhance its product capabilities, drive growth across India, Southeast Asia, the Middle East, North Africa, and North America, and expand its client onboarding and implementation processes globally.
About CargoFL
Founded in 2017 by Deepesh Kuruppath and Wasim Khan, CargoFL is an AI-driven decision intelligence platform designed for the logistics and supply chain sector.
This Pune-based company offers an AI operating system tailored for large enterprise customers in industries such as retail, pharma, and manufacturing.
CargoFL’s platform helps companies optimize their logistics operations by using artificial intelligence to address critical tasks such as transport management, route optimization, demand forecasting, and real-time tracking.
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The company’s goal is to streamline logistics operations and enable better collaboration among stakeholders like carriers, distributors, and suppliers, improving efficiency across the supply chain.
CargoFL is already partnering with over 25 major enterprises, including brands like Puma, Godrej, Schaeffler, Metro Brands, and Decathlon. With the new funding, it aims to onboard more clients in India and globally.
The company plans to achieve an ARR of $3 million in the next 18 to 24 months by expanding its customer base and enhancing its AI-driven logistics platform.
