Pune-based logistics AI platform CargoFL has raised ₹6.75 crore in its seed funding round, led by YourNest Venture Capital with ₹4.7 crore. Other contributors include Real Time Angel Fund (₹50 lakh), Peaceful Progress Angel Fund (₹50 lakh), Sanchi Connect Accelerator (₹25 lakh), and angel investors like Dinesh Chandra Agarwal, Dinesh Gulati, Murugavel Janakiraman, and Rajesh Sawhney, who collectively added ₹80 lakh.
Previously, CargoFL secured $135K from HPCL and other investors.
The funds will drive the company’s sales expansion in India, Southeast Asia (SEA), MENA, and North America, and enhance product capabilities in logistics automation, supply chain management, and client onboarding.
Founded in 2017 by Deepesh Kuruppath and Wasim Khan, CargoFL provides a vertical AI-powered operating system tailored to the logistics and supply chain sector. It addresses critical areas like route optimization, demand forecasting, real-time tracking, and transport management.
CargoFL’s platform caters to industries like retail, pharma, and manufacturing, boasting a client base of over 25 enterprises, including Puma, Godrej, Schaeffler, Metro Brands, and Decathlon. With ambitious plans to reach an ARR of $3 million within 18–24 months, CargoFL is set to onboard over 25 additional customers in India and internationally.
Featured image: Credit: CargoFL
