CargoFL
Overview
CargoFL is a B2B logistics technology platform based in Pune, India, offering AI-driven solutions to optimize supply chain and logistics operations. Founded in 2017 by Deepesh Kuruppath and Wasim Khan, the company has raised approximately INR 6.75 crore in a seed funding round led by YourNest Venture Capital. The platform serves major enterprises across sectors like retail, pharmaceuticals, and manufacturing, providing comprehensive AI-powered solutions for transport management, real-time tracking, and logistics automation.
Recent Developments
- January 2025: CargoFL raised INR 6.75 crore in a seed funding round. The funds, led by YourNest Venture Capital, will be used to enhance their sales capabilities, expand product functionalities, and support client onboarding both domestically and internationally.
- October 2024: CargoFL expanded its compliance scope to include ISO 27001, SOC2, and GDPR, strengthening its market position in global logistics management.
- Early 2024: CargoFL launched several initiatives that focused on expanding its product capabilities and increasing its international presence, particularly targeting markets in Southeast Asia, the Middle East, North Africa, and North America.
- 2023: The company celebrated its integration with several major clients like Puma, Godrej, and Schaeffler, expanding its clientele and enhancing its service offerings to meet diverse enterprise needs.
- 2022: CargoFL continued to build strategic partnerships and refined its AI technology to improve logistics operations, emphasizing sustainability by integrating fuel-efficient routing and demand forecasting capabilities.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2017 |
| Headquarters | Pune, India |
| Founders | Deepesh Kuruppath, Wasim Khan |
| Revenue | USD 551,000 (March 2024) |
| Profits | N/A |
| Key Investors | YourNest Venture Capital, HPCL |
| Industry | Logistics Technology |
| Number of Employees | 45 (as of October 2024) |
Early History
CargoFL was established in 2017 by Deepesh Kuruppath and Wasim Khan. Initially, the company focused on developing transport management software tailored for fleet owners. Within a short span, it transitioned into offering comprehensive AI-driven platforms aimed at larger enterprises in sectors such as retail and pharmaceuticals. This pivot was fueled by the founders' vision to digitize India’s fragmented logistics sector which they recognized during their consulting engagements with local transporters in Pune.
Company Profile and Achievements
CargoFL's business model hinges on its cloud-driven AI platform designed to enhance logistics operations through automation, visibility, and analytics. Key achievements include:
- 2017: Secured initial funding and launched its first transport management software for fleet operates.
- 2019: Onboarded its first corporate shipper customer, expanding its market reach.
- 2020-2021: Recognized by Dell and Microsoft in startup challenges for innovative approaches to logistics technology.
- 2022: Increased its client base to more than 25 major corporations across industries leveraging AI for logistics optimization.
- 2024: Enhanced compliance measures achieving GDPR and ISO standards, bolstering client trust and facilitating international expansion.
Current Operations and Market Position
CargoFL operates as an AI-powered cloud platform offering logistics solutions ranging from transport management to comprehensive supply chain visibility and analytics. It maintains a competitive edge through its ability to integrate seamlessly with existing ERP systems, providing clients with tools for efficient fleet management, cost reduction, and enhanced operational transparency. As of 2024, CargoFL serves over 25 major enterprises including household names like Puma and Metro Brands, aiming to boost its annual recurring revenue significantly by expanding both within India and internationally.
CargoFL Company Owner
CargoFL is co-founded and led by Deepesh Kuruppath and Wasim Khan. Their leadership is pivotal to the company's innovative advancements in AI-driven logistics technology, positioning CargoFL as a key player in the supply chain industry.
CargoFL Company Products
CargoFL provides a suite of logistics solutions including:
- AI-powered Transport Management Systems (TMS)
- Real-time tracking and visibility software
- Fleet management and optimization tools
- Advanced analytics and reporting services
- Cloud-based dispatch and invoicing platforms These offerings enable enhanced efficiency, reduced operational costs, and improved supply chain management for diverse business needs.
Conclusion
CargoFL's growth trajectory reflects its substantial impact on modernizing logistics through advanced AI technology, offering tailored solutions to key industry players. The platform's continuous commitment to innovation, compliance, and client satisfaction positions it for future success in expanding its footprint further across global markets. As technology advancements continue to redefine logistics, CargoFL is well-placed to drive efficient, sustainable, and scalable supply chain solutions worldwide.