YourNest Venture Capital led the Rs. 6.75 crore seed round for CargoFL, a B2B logistics technology ecosystem. YourNest contributed Rs. 4.7 crore, Real Time Angel Fund (RTAF) and Peaceful Progress Angel Fund contributed Rs. 50 lakh each, Sanchi Connect Accelerator contributed Rs. 25 lakh, and angel investors Rajesh Sawhney, Dinesh Gulati, Dinesh Chandra Agarwal, and Murugavel Janakiraman contributed Rs. 80 lakh.

HPCL and other investors have earlier contributed $135K to the Pune-based startup.

According to a press release from CargoFL, the money will be used to improve product capabilities, such as logistics and supply chain automation, client onboarding and implementation across geographies, and develop a sales engine for growth in India, Southeast Asia (SEA), the Middle East and North Africa (MENA), and North America.

CargoFL is an AI decision intelligence platform for supply chain and logistics that was co-founded in 2017 by Wasim Khan and Deepesh Kuruppath. With an emphasis on major enterprise clients, the company provides an AI operating system especially made for the supply chain and logistics sector. By using AI to handle crucial functions like demand forecasting, route optimization, transport management, and real-time tracking, it assists businesses in improving their logistics operations.

CargoFL is dedicated to changing the logistics industry and providing businesses with cutting-edge vertical artificial intelligence (AI) supply chain and logistics solutions. The business provides a full-featured logistics operating system that facilitates smooth cooperation between suppliers, distributors, and carriers.

CargoFL offers AI-powered platforms designed for businesses in the manufacturing, pharmaceutical, and retail industries.