About Cargo Exchange
Cargo Exchange is a Transportation, Automotive & Logistics company based in Hyderabad (India) founded in 2014 by Venkat Ramana Gottipati and Chandan Reddy Gangasani. Cloud-based transportation management solutions are provided for logistics operations. Cargo Exchange has raised $1.28 million across 5 funding rounds from investors including Transport Corporation of India, HEB International and Sunil Shetty. The company has 11 employees. Cargo Exchange was last valued at $2.83 million in October 2020. Its Indian entity Cargo Exchange India Private Limited reported revenue of ₹1.88 Cr. Its focus areas include Consumer, Logistics Tech, Freight and Trucking. Its competitors include Freight Tiger and Shipsy; 2 of its 2 listed competitors have raised funding.
Company details
Cargo Exchange was established in 2014 in Hyderabad, India, as a provider of cloud-based solutions in the transportation and logistics sector. Services encompass route optimization, fleet management, last-mile distribution, financial oversight, GPS tracking, data analysis, billing processes, and vehicle monitoring. Operations are centered on enhancing efficiency for transportation networks through digital tools.
- Headquarters Hyderabad, India
- Employees 11
- Founders Venkat Ramana Gottipati, Chandan Reddy Gangasani
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website cargoexchange.in
- Social LinkedIn X
- Legal Name Cargo Exchange India Private Limited
- Date of Incorporation 30 Jan, 2015
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹1.88 Cr
FY 2024 · -11% YoY
- Net Loss-₹81.5 Lakh
FY 2024 · -43% margin
- EBITDA-₹39.1 Lakh
FY 2024 · -21% margin
- Total Equity Funding$1.28M (USD)
in 5 rounds
- Latest Funding Round$68.13K (USD), Seed
Oct 2020
- InvestorsTransport Corporation of India
& 4 more
- Employee Count11
Associated legal entities of Cargo Exchange
Cargo Exchange operates through Cargo Exchange India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Cargo Exchange India Private Limited CIN U63090TG2015PTC097453 | Active | 30 Jan 2015 | Hyderabad, Telangana | ₹1.9 Cr | 11 | 4 | View details |
Funding Insights of Cargo Exchange
Cargo Exchange has successfully raised a total of $1.28M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $68.13 thousand completed in October 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.28M
- Total Rounds 5
- Last Round Seed — $68,129
- First Round $236,118
(May 2016)
- Investors Count 5
All 5 funding rounds of Cargo Exchange with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2020 | $68,129 | Seed | $2.83M | Transport Corporation of India | – |
| Apr 2019 | $361,948 | Seed | $2.93M | Transport Corporation of India | – |
| May 2018 | $366,740 | Seed | $••••• | Transport Corporation of India | – |
| May 2017 | $249,320 | Seed | $••••• | Anthill Ventures | |
| May 2016 | $236,118 | Seed | $••••• | HEB International |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2020 | $2.83M | •••••••• |
| Apr 2019 | $2.93M | •••••••• |
| May 2018 | $••••• | •••••••• |
| May 2017 | $••••• | •••••••• |
| May 2016 | $••••• | •••••••• |
Full valuation and stage history of Cargo Exchange
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Verified entity values are shown only after access is granted.
Last known valuation $2.83M (Oct 2020). 5 investors in total: 3 institutional and 2 angel.
Investors in Cargo Exchange
Cargo Exchange has secured backing from 5 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Transport Corporation of India, HEB International and Sunil Shetty.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in early and growth stage tech startups. | anthillventures.com | Hyderabad, India | ||
Multimodal logistics and supply chain solutions are provided comprehensively. | 1958 | tcil.com | Gurugram, India | |
Fuel blending, trading, and military project management are handled internationally. | hebintl.com | Dubai, United Arab Emirates | ||
SS Sunil Shetty | Indian actor and entrepreneur, active angel investor in fitness and wellness startups. | unknown_545312e54b17463cb | ||
CM Chitra Mittal | unknown_6644a79741454cf19 |
Investor details for Cargo Exchange
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Board of directors of Cargo Exchange India Private Limited (Cargo Exchange)
Cargo Exchange India Private Limited is the primary company behind Cargo Exchange. The board of Cargo Exchange India Private Limited currently have 4 directors; the longest-serving is Icharapu Srihari, appointed in 2015. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Icharapu Srihari DIN 07065046 | Director | 30 Jan 2015 | 11 yrs 9 mo | Cargo Exchange India Private Limited |
| Venkat Ramana Gottipati DIN 03306774 | Director | 14 Apr 2016 | 10 yrs 6 mo | Cargo Exchange India Private Limited |
| Sunil Shetty DIN 01631574 | Director | 12 May 2016 | 10 yrs 5 mo | Cargo Exchange India Private Limited |
| Girdhari Singh Shekhawat DIN 08198397 | Additional Director | 16 Aug 2018 | 8 yrs 2 mo | Cargo Exchange India Private Limited |
People of Cargo Exchange
10 people are tracked at Cargo Exchange (6 in leadership, 4 in team); the tracked headcount is 11.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CTO | Leadership | |
| Co-Founder | Leadership | |
Jagdeesan Vijaykumar | COO | Leadership |
Captain S. | Chief Strategy Officer | Leadership |
Bijo Varghese | Vice President | Leadership |
| Founder | Leadership | |
Surya Manikinda | operation executive | Team |
Ajay Singh Chouhan | Sr.Operations Manager | Team |
Amrita B. | Senior Manager | Team |
veer C. | MANAGER-CORPORATE SALES | Team |
Complete people profiles for Cargo Exchange
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Financials of Cargo Exchange
Figures of Cargo Exchange India Private Limited, the primary company behind Cargo Exchange, for FY 2024. Revenue was ₹1.88 Cr (-11% year on year). Net loss was -₹81.5 Lakh (-43% margin). EBITDA was -₹39.1 Lakh (-21% margin). Revenue has grown at a compounded annual rate of +12% over three years and +38% over five years.
- ₹1.88 CrRevenue · FY 2024 · -11% YoY
- -₹81.5 LakhNet loss · -43% margin
- -₹39.1 LakhEBITDA · -21% margin
- ₹1.25 CrPaid-up capital
- 11Employees (provident fund records)
- +12%Revenue CAGR, 3 years
- +38%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Cargo Exchange India Private Limited are on its company page.
Detailed financial statements for Cargo Exchange
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Cargo Exchange
4 dated milestones of Cargo Exchange across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Cargo Exchange is founded.
- Funding First funding round of $236K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $68K.
Competitors of Cargo Exchange
Cargo Exchange has 2 listed competitors in our database, 2 of them funded. They include Freight Tiger and Shipsy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| freighttiger.com | 2014 | Mumbai, India | $60.2M | 414 | Freight and logistics are managed via web-based platform. | |
| shipsy.io | 2015 | Gurugram, India | $32.89M | 233 | AI-powered logistics and supply chain solutions are delivered for businesses. |
Detailed competitors of Cargo Exchange
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Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as Cargo Exchange (Logistics Technology & Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,488 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.56 B | USD 1.12 B | 23,536 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 |
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Related news about Cargo Exchange
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Frequently Asked Questions about Cargo Exchange
Cargo Exchange was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Cargo Exchange is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Cargo Exchange is a funded company, having raised a total of $1.28M across 5 funding rounds to date. The company's 1st funding round was a Seed of $236.12K, raised on May 2016.
Cargo Exchange has 11 employees.
The primary company behind Cargo Exchange, Cargo Exchange India Private Limited, reported revenue of ₹1.88 Cr for FY 2024, down 11% year on year.
Cargo Exchange was established in 2014 in Hyderabad, India, as a provider of cloud-based solutions in the transportation and logistics sector. Services encompass route optimization, fleet management, last-mile distribution, financial oversight, GPS tracking, data analysis, billing processes, and vehicle monitoring. Operations are centered on enhancing efficiency for transportation networks through digital tools.
Cargo Exchange's top competitors include Freight Tiger and Shipsy.
Cargo Exchange has 5 investors. Key investors include Transport Corporation of India, HEB International, Sunil Shetty, Anthill Ventures, and Chitra Mittal.
The valuation of Cargo Exchange is $2.83M as of Oct 2020.
Cargo Exchange operates through Cargo Exchange India Private Limited.
The legal entities of Cargo Exchange currently have 4 directors, including Girdhari Singh Shekhawat, Venkat Ramana Gottipati, Sunil Shetty and others.