CargoFL is an AI-based B2B platform for logistics businesses that secured Rs 6.75 crore in its ongoing seed funding round from YourNest Venture Capital. The fundraising saw participation from the Real Time Angel Fund, Sanchi Connect Accelerator, Peaceful Progress Angel Fund, and angel investors. YourNest led the round with Rs 6.75 crore followed by Real Time Angel Fund and Peaceful Progress Angel Fund with Rs 50 lakh each. While the Sanchi Connect Accelerator invested Rs 25 lakh.
The firm also received Rs 80 lakh from angel investors including Dinesh Gulati, Dinesh Chandra Agarwal, Rajesh Sawhney, and Murugavel Janakiraman. The startup plans to use these fresh proceeds to scale its operations, enhance its product capabilities, expand its network, and develop its market presence. CargoFL mainly aims to build a sales engine for growth in India, the Middle East and North Africa, North America, and Southeast Asia.
The Pune-based company has secured around $135k across multiple funding rounds since its inception, including $95.1k raised from HPCL during its seed funding round in 2020. The company has an estimated post-money valuation of 2.12 million USD. CargoFL is an artificial intelligence-based decision intelligence platform for supply chain and logistics. This investment shows investors’ trust in CargoFL’s market potential and business model.
The firm serves the supply chain and logistics industry while focusing on large enterprise customers. The startup helps companies enhance their logistic operations through its advanced AI technologies to meet critical tasks such as demand forecasting, route optimization, and real-time tracking. The company faces competition from other platforms in the same market segment such as Magaya Corporation, Freightwalla, and Vector AI.
CargoFL offers an AI-driven platform that provides services for enterprises in the pharma, manufacturing, and retail sectors. The firm has over 25 clients including Godrej, Decathlon, Puma, and Metro brands. In the next 18 to 24 months, the company aims to achieve an annual revenue rate of 3 million USD. CargoFL acts as an AI operating system for the logistics industry.
The startup aims to empower enterprises with advanced vertical AI solutions for supply chain and logistics. The firm plans to use some of this investment to transform the logistics landscape while enhancing supply chain automation and implementation. The company provides software for shippers, freight forwarders, and carriers.
Conclusion :
CargoFL is a Pune-based B2B platform that offers AI-driven solutions for logistic businesses. The firm secured Rs 6.75 crore in its ongoing seed funding round from YourNest Venture Capital and others. Peaceful Progress Angel Fund, Real Time Angel Fund, Sanchi Connect accelerator, Dinesh Gulati Murugavel Janakiraman, and Rajesh Sawhney participated in the round.
YourNest Venture Capital led the investment with Rs 4.7 crore followed by other investors. The company plans to use this fresh capital to scale up its operations, improve its performing capability, and build a sales engine. Before this round, the startup had a $135k investment from HPCL and other investors. The company offers its services across the pharma, manufacturing, and retail sectors.
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