VC Fund Investments
CargoFL raises Rs. 6.75 Cr in seed round from YourNest, angels
Pune-based B2B logistics technology platform CargoFL has raised INR 6.75 crore in a seed round led by YourNest (INR 4.7 crore), Real Time Angel Fund (RTAF) (INR 50 lakh), Peaceful Progress Angel Fund (INR 50 lakh) and Sanchi Connect Accelerator (INR 25 lakh). Angel investors, including Dinesh Chandra Agarwal (MD & CEO, IndiaMART), Dinesh Gulati (COO, IndiaMART), Murugavel Janakiraman (founder & MD, Bharat Matrimony) and Rajesh Sawhney (founder, GSF Accelerator), invested INR 80 lakh.Part of the proceeds will be used towards building a sales engine to drive growth in India, Southeast Asia, the Middle East and North Africa, and North America. Another part will be to enhance product capabilities, including logistics and supply chain automation, client onboarding, implementation across various regions.Founded in 2017 by Deepesh Kuruppath and Wasim Khan, CargoFL is an AI decision intelligence platform for logistics and supply chain that enhances logistics operations by leveraging AI to address critical tasks such as transport management, route optimisation, demand forecasting, and real-time tracking.
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