Pune-based CargoFL raises ₹6.75 crore in seed funding led by YourNest Venture Capital to enhance its AI-driven logistics and supply chain management platform for significant market expansion.

Target Information

CargoFL, a Pune-based B2B technology ecosystem for logistics, has successfully raised ₹6.75 crore in its seed funding round led by YourNest Venture Capital. Established in 2017, the company has evolved from offering transport management software tailored for fleet owners to developing a robust AI-driven decision intelligence platform that caters specifically to enterprises in the retail, pharmaceuticals, and manufacturing sectors. Currently, CargoFL boasts a diverse clientele that includes over 25 large enterprises, such as Puma, Godrej, Schaeffler, Metro Brands, and Decathlon.

The seed funding will allow CargoFL to enhance its growth strategy and improve its product capabilities. Plans include allocating 40% of the funding to building a sales engine with a focus on expansion within India, Southeast Asia (SEA), the Middle East and North Africa (MENA), and North America. Another 40% will be directed towards enhancing product features, including automation in logistics and supply chain operations. The remaining 20% will be dedicated to client onboarding and implementation processes.

Industry Overview

The logistics industry in India is a rapidly growing sector that plays a crucial role in ensuring the smooth operation of supply chains across various industries. With an expected growth trajectory, the sector is a