When was CargoFL founded?

CargoFL was founded in 2017 and raised its 1st funding round 3 years after it was founded.

Where is CargoFL located?

CargoFL is headquartered in Pune, India. It is registered at S. No. 232/1, Wing No. A1 Lalwani Vastu, Sakore Ngr., Pune, Pune, Maharashtra, India, 411014.

Who is the current CEO of CargoFL?

Deepesh Kuruppath of CargoFL. They have also founded 2 companies.

Which legal entities is CargoFL associated with?

CargoFL is associated with Innoctive Technologies Private Limited.

How many employees does CargoFL have?

As of Aug 31, 2025, the latest employee count at CargoFL is 55.

Is CargoFL a funded company?

CargoFL is a funded company, having raised a total of $1.28M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Feb 04, 2020.

How much is CargoFL worth?

The latest valuation of CargoFL is $***** as of Jul 24, 2025.

When was the latest funding round of CargoFL?

CargoFL's latest funding was a $***** Seed round on Dec 11, 2024, with participation from 14 investors.

What is the annual revenue of CargoFL?

Annual revenue of CargoFL is less than ₹10 Cr as on Mar 31, 2025

Where does CargoFL rank among its competitors?

CargoFL ranks 62nd amongst 1777 active competitors, of which 139 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Einride, which secured $113M in Feb, 2026.

Who are the top competitors of CargoFL?

CargoFL's top competitors include Einride, Ripplr and Turvo. Among them, Einride secured the most recent funding round in February, 2026.

CargoFL - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Developer of logistics software for managing supply chain transportation operations. This platform automates various functions including shipment booking, freight auditing, and proof of delivery documentation. It utilizes autonomous agents to handle tasks such as carrier selection, rate shopping, and invoice reconciliation. The system integrates with existing enterprise resource planning and warehouse management tools to facilitate data synchronization across logistics workflows. Users can configure business rules and approval thresholds to manage transportation movements and visibility. The software provides tracking capabilities and support for cold chain logistics requirements.

Website: www.cargofl.com/
Social
Email ID: *****@cargofl.com
Phone Number: +91 **********
Part Of
Registered Address: S. No. 232/1, Wing No. A1 Lalwani Vastu, Sakore Ngr., Pune, Pune, Maharashtra, India, 411014

Key Metrics

Founded Year

2017

Location

Pune, India

Stage

Seed

Total Funding

$1.28M in 4 rounds

Latest Funding Round

Seed, Dec 11, 2024, $*****

Post Money Valuation

$***** as on Jul 24, 2025

Investors

HPCL & 18 more

Ranked

62^nd among 1777 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

55 as on Aug 31, 2025

Similar Companies

Einride & 1457 more

View CargoFL's full profile

CargoFL is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Innoctive Technologies Private Limited CIN: U72900PN2017PTC171480 , India, Active	Jul 17, 2017	0 - ₹10 Cr (As on Mar 31, 2025)	55 (As on Aug 31, 2025)

CargoFL has raised a total funding of $1.28M over 4 rounds. Its first funding round was on Feb 04, 2020. Its latest funding round was a Seed round on Dec 11, 2024 for $*****. 14 investors participated in its latest round. CargoFL has 10 institutional investors and 9 angel investors.

Here is the list of recent funding rounds of CargoFL:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 11, 2024	7930538	Seed	3745578	8941799	4377409	6340728
Feb 04, 2022	2273632	Seed	5068127	4358546	4090061	4583518
Oct 18, 2020	9262796	Seed	4153210	1365494	HPCL	7758417

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View details of CargoFL's funding rounds and investors

The founders of CargoFL are Deepesh Kuruppath and Wasim Khan. Deepesh Kuruppath is the CEO of CargoFL.

Here are the details of CargoFL's key team members:

Deepesh Kuruppath: Co-Founder & CEO of CargoFL and founder of 2 other companies, Cargofl.ai and Innoctive. They serve on the board of 1 company.
Contact Info: 2 email addresses and 1 phone number
Wasim Khan: Co-Founder of CargoFL.
Contact Info: 1 email address

View details of CargoFL's Founder profiles and Board Members

CargoFL's employee count trend

CargoFL has 55 employees as of Aug 25. The total employee count is 22.0% more than what it was in Aug 24. Here is CargoFL's employee count trend over the years:

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Top competitors of CargoFL include Einride, Ripplr and Turvo. Here is the list of Top 10 competitors of CargoFL, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Einride 2016, Stockholm (Sweden), Series E	Provider of electric and autonomous freight transportation solutions	$865M	EQT, Temasek & 37 others	74/100
2nd	Ripplr 2019, Bengaluru (India), Series C	Provider of distribution and logistics services for multiple industry verticals	$123M	Sojitz, 3one4 Capital & 45 others	72/100
3rd	Turvo 2014, San Mateo (United States), Acquired	Provider of a cloud and AI-based collaborative logistics platform	$85M	Mubadala, Activant Capital & 13 others	71/100
4th	Freight Tiger 2014, Mumbai (India), Acquired	Provider of a digital freight network and transportation management system	$57.7M	Tata Motors, Enam Holdings & 53 others	70/100
5th	Super Dispatch 2013, Kansas City (United States), Seed	End-to-end transport management solutions for the car hauling industry	$1.95M	Techstars, Active Capital & 5 others	63/100
6th	Alvys 2020, Solana Beach (United States), Series B	Developer of transportation management system software for logistics operations	$77M	RTP Global, Bonfire Ventures & 3 others	63/100
7th	Traqo 2022, Gurugram (India), Seed	Offers cloud-enabled end-to-end supply chain and logistcis transportation management solutions	$998K	We Founder Circle, Kahu & 6 others	62/100
8th	McLeod Software 1985, Birmingham (United States), Unfunded	Provider of transportation management software solutions for carriers, brokers, 3PL providers, and shippers	-	-	62/100
9th	RoseRocket 2015, Toronto (Canada), Series B	Provider of cloud-based transportation management system	$69M	Scale Venture Partners, Funders-club.com ... & 12 others	62/100
10th	Shipwell 2016, Austin (United States), Series B	AI-powered TMS platform unifying supply chains for efficiency and visibility	$47.1M	Georgian, Fifth Wall & 9 others	61/100
62nd	CargoFL 2017, Pune (India), Seed	Developer of logistics software for managing supply chain transportation operations	$1.28M	YourNest, Lead Invest & 17 others	46/100

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Founders (largest shareholder) own 46.93%, Funds own 21.30%, Enterprises own 4.29% and Angels own 2.00%. The net worth of CargoFL's founders is INR 18.8Cr as of Jul 24, 2025.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	46.93%	18.8Cr	9428885	7346895	2055169	7945763
Deepesh Kuruppath	6099377	4190381	3429050	2696553	6166295	2766248
Fund	21.30%	8.53Cr	4053191	7257820	1288894	3329352
YourNest	1262667	7907230	5604940	9093199	9649579	4727907
Real Time Accelerator Fund	782	524	701	352	436	172
Enterprise	4.29%	1.72Cr	3124	2096	5472	1401
Angel	2.00%	80.1L	37	90	74	93
Other People	10.48%	4.2Cr	3613568	6164907	8037008	6397497
ESOP Pool	15.00%	6.01Cr	5258616	4659174	8636728	5962709
Total	100.00%	40Cr	4574792	6000509	8899069	4933304