Celcius Logistics secures significant investment to enhance cold chain solutions for perishable goods.
Celcius Logistics, a leading platform facilitating cold chain logistics, has successfully raised ₹40 crore in a pre-Series B funding round. The investment, spearheaded by IvyCap Ventures along with Mumbai Angels and Caret Capital, underscores confidence in the company’s vision and capabilities.
Specialising in connecting shippers and transporters, Celcius Logistics offers end-to-end cold chain solutions, ensuring efficient last-mile delivery. This funding follows a previous Series A round of ₹100 crore led by IvyCap Ventures in April 2023.
With the fresh infusion of capital, Celcius Logistics plans to expand its Transportation Management System (TMS) and Warehouse Management System (WMS), aiming to bolster its cold storage infrastructure. The company targets an extensive expansion across 500 cities within the next year, facilitating manufacturers in selling perishable products. Currently boasting 4,000 vehicles, 107 cold storage facilities, 27 distribution centers, and 200 hyperlocal riders nationwide, Celcius Logistics stands at the forefront of cold chain logistics.
Founder & CEO, Swarup Bose, emphasised the platform’s technology-driven approach, addressing operational challenges prevalent in India’s cold-chain ecosystem. Real-time monitoring and analytics provided by Celcius Logistics reduce wastage, ensuring seamless delivery of perishable items.
Vikram Gupta, founder and Managing Partner of IvyCap Ventures, commended Celcius Logistics’ commitment to digitising the cold chain industry. Having transported over four lakh tons of perishable cargo for various industries, including dairy, pharma, and fresh produce, Celcius Logistics continues to garner support from prominent clients like Zomato, Spicejet, and Reliance Pharma.
