About CargoFL
CargoFL is a Transportation, Automotive & Logistics company based in Pune (India) founded in 2017. CargoFL is recognized for AI-powered logistics and transportation software. It operates on a SaaS (Software-as-a-Service) model. CargoFL has raised $923.44 thousand across 3 funding rounds from investors including SanchiConnect, HPCL and YourNest. The company has 46 employees. CargoFL was last valued at $2.12 million in October 2020. Its Indian entity Innoctive Technologies Private Limited reported revenue of ₹4.74 Cr. CargoFL offers products and services including TMS for Enterprise and AI Box. Its focus areas include Technology, Software and Logistics Software. Its competitors include Kale Logistics Solutions and Logi-Sys; 2 of its 2 listed competitors have raised funding.
Company details
CargoFL is engaged in providing AI-driven solutions for logistics and supply chain management. The company operates within the technology sector, focusing on automation and optimization of transportation processes. Solutions offered include TMS for Enterprise, which aids in shipment management and freight billing, and AI Box, a platform with specialized AI tools for efficiency. Industries served include retail, pharmaceuticals, and manufacturing, with an emphasis on real-time visibility and scalable networks.
- Headquarters Pune, India
- Employees 46
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Website cargofl.ai
- Social LinkedIn X
- Legal Name Innoctive Technologies Private Limited
- Date of Incorporation 17 Jul, 2017
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹4.74 Cr
FY 2025 · +4% YoY
- Net Loss-₹2.34 Cr
FY 2025 · -49% margin
- EBITDA-₹2.45 Cr
FY 2025 · -52% margin
- Total Equity Funding$923.44K (USD)
in 3 rounds
- Latest Funding Round$788.37K (USD), Seed
Jan 2025
- InvestorsSanchiConnect
& 8 more
- Employee Count46
Associated legal entities of CargoFL
CargoFL operates through Innoctive Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Innoctive Technologies Private Limited CIN U72900PN2017PTC171480 | Active | 17 Jul 2017 | Pune, Maharashtra | ₹4.7 Cr | 46 | 4 | View details |
Products & Services of CargoFL
CargoFL offers a comprehensive portfolio of products and services, including TMS for Enterprise and AI Box.
Software for managing shipments and freight billing efficiently.
AI platform for automating supply chain functions effectively.
Funding Insights of CargoFL
CargoFL has successfully raised a total of $923.44K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $788.37 thousand completed in January 2025. 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 $923,439
- Total Rounds 3
- Last Round Seed — $788,373
- First Round $39,956
(Feb 2020)
- Investors Count 9
All 3 funding rounds of CargoFL with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Valuation | Stage |
|---|---|---|
| Oct 2020 | $2.12M | •••••••• |
Last known valuation $2.12M (Oct 2020). 9 investors in total: 5 institutional and 4 angel.
Investors in CargoFL
CargoFL has secured backing from 9 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include SanchiConnect, HPCL and YourNest.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage DeepTech venture capital funding and support services in India. | 2011 | yournest.in | Gurugram, India | |
Angel investing and mentorship for early-stage startups in India. | 2022 | realtimeaf.com | Jaipur, India | |
Investments in early-stage technology-led and consumer businesses. | 2022 | peacefulprogress.in | Chennai, India | |
Accelerator programs and a deep tech community | 2022 | sanchiconnect.com | Mumbai, India | |
Provider of petroleum and natural gas services | 1974 | hindustanpetroleum.com | Mumbai, India | |
DC Dinesh Chandra Agarwal | unknown_ac13e2e24a194fc49 | |||
DG Dinesh Gulati | unknown_d37c029fb418480c9 | |||
MJ Murugavel Janakiraman | Founder of BharatMatrimony, active angel investor in Indian startups | unknown_03588c7caf6046b6a | ||
RS Rajesh Sawhney | Founder of GSF Accelerator, angel investor, ex-President of Reliance Entertainment | unknown_ecc834dfc00944bb8 |
Investor details for CargoFL
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Innoctive Technologies Private Limited (CargoFL)
Innoctive Technologies Private Limited is the primary company behind CargoFL. The board of Innoctive Technologies Private Limited currently have 4 directors; the longest-serving is Deepesh Kuruppath, appointed in 2017.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Deepesh Kuruppath DIN 07856662 | Director | 17 Jul 2017 | 9 yrs 3 mo | Innoctive Technologies Private Limited |
| Raju Salve DIN 02437002 | Director | 17 Jul 2017 | 9 yrs 3 mo | Innoctive Technologies Private Limited |
| Vidyadhar Shinde DIN 02418420 | Director | 17 Jul 2017 | 9 yrs 3 mo | Innoctive Technologies Private Limited |
| Girish Shivani DIN 03593974 | Nominee Director | 16 Jun 2025 | 1 yr 4 mo | Innoctive Technologies Private Limited |
Financials of CargoFL
Figures of Innoctive Technologies Private Limited, the primary company behind CargoFL, for FY 2025. Revenue was ₹4.74 Cr (+4% year on year). Net loss was -₹2.34 Cr (-49% margin). EBITDA was -₹2.45 Cr (-52% margin). Revenue has grown at a compounded annual rate of +37% over three years and +89% over five years.
- ₹4.74 CrRevenue · FY 2025 · +4% YoY
- -₹2.34 CrNet loss · -49% margin
- -₹2.45 CrEBITDA · -52% margin
- ₹4.8 LakhPaid-up capital
- 46Employees (provident fund records)
- +37%Revenue CAGR, 3 years
- +89%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Innoctive Technologies Private Limited are on its company page.
Detailed financial statements for CargoFL
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of CargoFL
4 dated milestones of CargoFL across 8 years, from founding to its latest funding, stage changes and deals.
- Founded CargoFL is founded.
- Funding First funding round of $40K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $788K.
Competitors of CargoFL
CargoFL has 2 listed competitors in our database, 2 of them funded. They include Kale Logistics Solutions and Logi-Sys.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kalelogistics.com | 2010 | Thane, India | $40.1M | 405 | Cloud-based platforms for logistics, ports, and trade facilitation are provided. | |
| logi-sys.com | 2005 | Mumbai, India | $1.5M | 169 | Cloud-based solutions for end-to-end freight forwarding operations are provided. |
Detailed competitors of CargoFL
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as CargoFL (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 Cargofl
Complete news archive for CargoFL
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Frequently Asked Questions about CargoFL
CargoFL was founded in 2017 and raised its 1st funding round 3 years after it was founded.
CargoFL is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
CargoFL is a funded company, having raised a total of $923.44K across 3 funding rounds to date. The company's 1st funding round was a Seed of $39.96K, raised on Feb 2020.
CargoFL has 46 employees.
The primary company behind CargoFL, Innoctive Technologies Private Limited, reported revenue of ₹4.74 Cr for FY 2025, up 4% year on year.
CargoFL is engaged in providing AI-driven solutions for logistics and supply chain management. The company operates within the technology sector, focusing on automation and optimization of transportation processes. Solutions offered include TMS for Enterprise, which aids in shipment management and freight billing, and AI Box, a platform with specialized AI tools for efficiency. Industries served include retail, pharmaceuticals, and manufacturing, with an emphasis on real-time visibility and scalable networks.
CargoFL's top competitors include Kale Logistics Solutions and Logi-Sys.
CargoFL offers TMS for Enterprise and AI Box.
CargoFL has 9 investors. Key investors include SanchiConnect, HPCL, YourNest, Peaceful Progress, and Real Time Accelerator Fund.
The valuation of CargoFL is $2.12M as of Oct 2020.
CargoFL operates through Innoctive Technologies Private Limited.
The legal entities of CargoFL currently have 4 directors, including Girish Shivani, Deepesh Kuruppath, Raju Salve and others.