August 23rd, Dubai, UAE. Cargoz is a logistics startup that connects SMEs looking for
warehousing space with warehousing companies who has extra capacity, like Airbnb
but for commercial warehousing & storage, has secured a pre-seed funding by Nama Ventures.

After Covid, the SMEs who had to suffer the most, no longer want to get into any yearly
leasing of warehouses or have any expensive storage contract. They are looking for
storage space on short term with monthly or weekly billing, and pay for only for the
space they use. On the other hand, there are warehousing owners and operators, who
has plenty of extra capacity which otherwise is unused.
Cargoz platform will connect these two parties and assist SMEs avail on-demand
storage in a very simple to use platform.

Cargoz was founded in January, 2022 by Premlal Pullisserry (CEO) and Lijo Antony (CTO). Premlal has more than 10 years warehousing and logistics experience in the
GCC and was the Co-founder of Boxit Storage, the first on-demand personal storage
company in the region. Lijo, how has more than 14 years of software development
experience, was the head of product development at Boxit.

‘When we test launched in January this year, we under estimated the pain of finding on-demand storage for SMEs and how broken and stressful that experience was. ” Said Premlal Pullisserry , “We’ve grown over 10X in the last 6 months and it looks like we are solving a big problem that existed for several decades now. Currently we only operate in Dubai and we will be available in all other Emirates by the end of the year and then go beyond that’.

“Nothing makes us more excited at Nama Ventures than to see founders that are as
complementary as Premlal and Lijo, I mean Premlal breaths logistics, his depth of the
space and his understanding of the pains in the space are unparalleled, Lijo on the
other hand is a coder’s coder, he is very well versed in tech space and knows how to
build tech products” said Mohammed Alzubi, founder and managing partner of Nama Ventures, “From the first ten minutes of our conversation it was clear to us that these
guys are onto something special. Honestly what impressed us the most is that this is
their second startup together. It takes a special kind of respect and role clarity among
founders to want to keep disrupting industries together as a team. We are beyond
thrilled to welcome Premlal and Lijo to the Nama clan, and we can’t wait to learn from
them about the exciting space they want to dominate”