Celcius Logistics, a leading domestic aggregator specializing in end-to-end cold-chain solutions, has recently announced the successful closure of a pre-Series B funding round, raising Rs 40 crore ($4.8 million). Existing investor IvyCap Ventures, with Mumbai Angels and Caret Capital participation, led the round.
This latest infusion of capital follows a successful Series A funding round of Rs 100 crore ($12 million) in April 2023, also led by IvyCap Ventures.
The funds raised will further expand Celcius Logistics’ footprint in its transportation management system (TMS) and warehouse management system (WMS), bolstering its capabilities in cold storage solutions. The company aims to extend its reach to over 500 cities within the next year, helping manufacturers sell their perishable products more efficiently.
Founded by Swarup Bose, Celcius Logistics is a crucial link between shippers and transporters, offering a comprehensive solution for all cold chain requirements, including last-mile and hyperlocal deliveries.
The platform has already facilitated the transportation of over four lakh tons of perishable cargo, spanning various sectors such as dairy, pharmaceuticals, fruits, seafood, and fresh agricultural produce. Notable clients include Zomato, Spicejet, Reliance Pharma, Maersk, Prabhat Dairy, Baskin Robbins, Vadilal, Domino’s, Keventers, and Godrej Agrovet.
Celcius Logistics has a fleet of 4,000 vehicles, 107 cold storage facilities, 27 distribution centres, and 200 hyperlocal riders nationwide. The company’s commitment to excellence and innovation positions it as a trusted partner in the critical cold-chain logistics industry.
