# Deepak Chhugani

> Deepak Chhugani is the founder and CEO of Nuvocargo, an AI-powered platform for cross-border truckload freight between the United States and Mexico. Born in Kenya to Indian parents and raised in Ecuador, he worked on Latin America M&A deals at Bank of America Merrill Lynch before starting Nuvocargo in 2019. The company has raised more than $75 million from investors including Y Combinator, Tiger Global, QED, and NFX, and combines freight forwarding, customs brokerage, cargo insurance, and financing on one platform. Chhugani was named to the Forbes 30 Under 30 list for enterprise technology in 2023 and is an Endeavor Entrepreneur.

- **Role:** Founder and CEO at Nuvocargo
- **Organizations:** Nuvocargo, Endeavor, Y Combinator (alum), Bank of America Merrill Lynch (former)
- **From:** Kenya
- **Nationality:** Ecuadorian (of Indian descent)
- **Education:** Undergraduate studies (business), Bentley University
- **Known for:** Founded Nuvocargo, raising over $75 million in venture funding, Forbes 30 Under 30 - Enterprise Technology, North America (2023), First Ecuadorian native funded by Y Combinator as a solo non-technical founder, at age 24

## Career timeline

- **pre-2019** — Worked on Latin America M&A at Bank of America Merrill Lynch, involved in $3 billion+ in deals
- **2018** — Went through Y Combinator (Winter 2018 batch)
- **2019** — Founded Nuvocargo in March 2019 to digitize US-Mexico cross-border trade
- **2021** — Raised Series A; Nuvocargo grows freight forwarding and customs brokerage customer base
- **2023** — Raised $36.5M Series B; named to Forbes 30 Under 30 for enterprise technology
- **2024-2026** — Nuvocargo expands AI agents across truckload freight operations, access to 300K+ carriers

## Achievements

- Founded Nuvocargo, raising over $75 million in venture funding
- Forbes 30 Under 30 - Enterprise Technology, North America (2023)
- First Ecuadorian native funded by Y Combinator as a solo non-technical founder, at age 24
- Named a Top 50 LatinX Tech Leader
- Endeavor Entrepreneur
- Built a platform connecting 300K+ carriers with 12+ AI agents automating truckload operations

## Latest updates

- **2023-06** — Nuvocargo raised a $36.5M Series B round
- **2023-04** — Named to Forbes 30 Under 30 list for enterprise technology in North America
- **2026-07** — Nuvocargo positioning as an AI partner for North American truckload freight with 12+ AI agents and access to 300K+ carriers

## Links

- Website: https://www.deepakchhugani.com/
- LinkedIn: https://www.linkedin.com/in/deepakchhugani/
- Twitter/X: https://x.com/dchhugani

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Profile page: https://yespress.io/deepak-chhugani
Published by YesPress — https://yespress.io
Last updated: 2026-07-20