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§ Private Profile · S. No. 232/1, Wing No. A1, Lalwani Vastu, Sakore Ngr., Pune, Maharashtra, India, 411014
AI-powered logistics and transportation management software automating supply chain operations for shippers, carriers, and freight forwarders.
Based in Pune, India, CargoFL is an AI-powered logistics and transportation management software platform that automates supply chain operations for shippers, carriers, and freight forwarders. The SaaS-based transport management system provides real-time visibility, dispatch management, shipment tracking, and billing automation across complex commercial logistics networks. Operating with a workforce of 30 employees, the company processes more than 1 million shipments monthly and generates under $5 million in annual revenue. CargoFL serves 25 global Fortune 500 enterprise customers across various industry verticals in India, Malaysia, and Dubai. The enterprise software provider has raised Rs 6.75 crore in seed funding backed by lead investor YourNest and Hindustan Petroleum Corporation, and was previously selected as a finalist in the Dell Startup Challenge. CargoFL was founded in 2017 by Deepesh Kuruppath, Geeta Bora, Vidyadhar Shinde, and Wasim Khan.
CargoFL has raised $790K across 1 funding round.
CargoFL has raised $790K in total across 1 funding round.
CargoFL has raised $790K across 1 funding round. Most recently, it raised $790K Seed in January 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 1, 2025 | $790K Seed | — | GSF Accelerator, Nitish Mittersain, Pras Hanuma | Announced |
CargoFL is an AI-powered SaaS platform for logistics and supply chain management, developed by Innoctive Technologies Pvt Ltd, a Pune-based startup founded in 2017.[1][2][3][4][5] It builds a Transport Management System (TMS) that automates shipments, proof-of-delivery (POD), freight accounting, billing, and carrier integrations via APIs and mobile apps, serving enterprises in retail, pharmaceuticals, and manufacturing—such as PUMA, Schaeffler, and Tata Group—with tools for real-time visibility, cost optimization, and scalability.[1][2][5][7] The platform solves inefficiencies in freight management by delivering up to 11% freight cost savings, 30% enhanced fleet utilization, 35% improved customer experience, and 95% on-time performance, handling over 1M+ shipments monthly across India, Malaysia, and Dubai for 25+ Fortune 500 customers and 1000+ fleet owners.[1][2]
CargoFL emerged in 2017 from Innoctive Technologies Pvt Ltd in Pune, India, as a response to fragmented logistics in India's trucking ecosystem, starting with a focus on digitizing shippers and truckers via cloud-based SaaS ERP.[3][5] The founding team, backed by 100+ years of combined logistics and supply chain tech experience, raised Rs 6.75 Cr in a seed round led by YourNest and participated in the Dell Startup Challenge, achieving early traction with SMBs and scaling to enterprise clients like Tata Group and Westside.[3][5][7] Pivotal moments include expanding to AI-driven features and handling 5M+ shipments monthly, with recent seed funding in January 2025 totaling $787K+ and FY24 revenue of ₹4.6 Cr+.[2][5]
CargoFL rides the AI-driven logistics transformation trend, automating India's $200B+ fragmented trucking sector amid e-commerce growth and supply chain disruptions.[1][3][5] Timing aligns with post-pandemic digitization demands, where enterprises seek visibility and cost control; market forces like rising fuel costs and regulatory compliance favor its scalable SaaS model over legacy systems.[1][2] It influences the ecosystem by empowering SMB truckers and LSPs via integrations, boosting overall efficiency for Fortune 500s and fostering a connected network in emerging markets like India, Malaysia, and Dubai.[2][7]
CargoFL's momentum—47 employees, rising web traffic, and recent funding—positions it for expansion into more AI features like its "AI Box" and new geographies, potentially capturing share in the $15T global logistics market.[2][5][6] Trends like generative AI for predictive routing and sustainability tracking will shape its path, evolving influence from regional TMS leader to global supply chain optimizer. As AI redefines freight, CargoFL exemplifies how tech startups turn logistics chaos into scalable efficiency, much like its core mission to move businesses smarter and faster.[1][2]
CargoFL has raised $790K in total across 1 funding round.
CargoFL's investors include GSF Accelerator, Nitish Mittersain, Pras Hanuma.