CargoFL funding, investors and company details

CargoFL is an emerging Artificial Intelligence (AI) startup from Pune, working in the space of AI-powered transport management system (TMS) for enterprises and logistics providers. Founded by Deepesh Kuruppath, Wasim Khan.

Company: Innoctive Technologies Private Limited
Sector: Artificial Intelligence (AI)
Location: Pune
Founders: Deepesh Kuruppath, Wasim Khan
Total funding raised: ₹6.75 Cr

Company overview

CargoFL delivers an AI-powered transport management system (TMS) for enterprises and logistics providers. The cloud-based SaaS platform automates shipments, POD management, freight accounting, billing, and end-to-end visibility through carrier API integrations and mobile apps. Its AI Box offers 14+ specialized tools for supply chain optimization, achieving up to 11% freight savings, 30% fleet utilization gains, and 95% on-time performance for clients like Puma, Schaeffler, and Godrej across retail, pharma, and manufacturing. Operating in India, Malaysia, and Dubai, CargoFL digitizes fragmented logistics ecosystems without owning assets.

Funding rounds

Latest round (Seed): ₹6.75 Cr. ($ 0.78 Mn), 2025-01-02. Investors: YourNest Venture Capital