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.
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The money raised will be used to improve product capabilities, such as automation of supply chains and logistics, customer onboarding and deployment across regions, and the development of a sales engine for expansion in India, Southeast Asia (SEA), the Middle East and North Africa (MENA), and North America.
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 carrier.
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About CargoFL
CargoFL is an AI intelligence for decisions solution 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.
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