CargoFL, a Pune, India-based B2B logistics technology platform, has raised Rs 6.75 crore in a seed funding round.
Investors
The round was led by YourNest Venture Capital, with participation from Real Time Angel Fund, Peaceful Progress Angel Fund, and Sanchi Connect Accelerator, alongside angel investors such as Dinesh Chandra Agarwal (IndiaMART), Murugavel Janakiraman (Bharat Matrimony), and Rajesh Sawhney (GSF Accelerator).
YourNest Venture Capital is a sharply focused 'Pre-Series A' fund established in 2011 to nurture global market leaders from India. The fund focuses on disruptive technologies that enhance how humanity leverages the value of time. It invests in startup founders across a spectrum of DeepTech domains, including AI, IoT, Robotics, AR/VR/MR, DevTools, Edge Cloud, and other digital products.
CargoFL Use of Funds
The company plans to use the funds to build a sales engine, enhance product capabilities, and onboard new clients across India, Southeast Asia, MENA, and North America.
About CargoFL
Founded in 2017 by Deepesh Kuruppath and Wasim Khan, CargoFL is a B2B logistics technology platform that offers AI-driven solutions for logistics and supply chain management. The platform leverages AI to optimize logistics operations, focusing on transport management, route optimization, demand forecasting, and real-time tracking. CargoFL's clients include Puma, Godrej, Schaeffler, and Decathlon.
Funding Details
Company: Innoctive Technologies Pvt. Ltd.
Raised: Rs 6.75 Cr
Round: Seed Round
Funding Month: January 2025
Lead Investor: YourNest Venture Capital
Additional Investors: Real Time Angel Fund, Peaceful Progress Angel Fund, Sanchi Connect Accelerator, Dinesh Chandra Agarwal, Murugavel Janakiraman, Rajesh Sawhney
Company Website: https://cargofl.com/
Software Category: Logistics and Supply Chain Management
Source: https://yourstory.com/2025/01/cargofl-raises-6-crore-seed-round-yournest-venture-capital