Celcius Logistics Secures Rs 40 Crore in Funding to Expand Cold Chain Network

Celcius Logistics, a prominent Indian company specializing in comprehensive cold chain solutions, has secured Rs 40 crore (approximately $4.8 million) in a pre-Series B funding round. This investment round was led by IvyCap Ventures, a returning investor who also spearheaded Celcius Logistics’ Series A funding round of Rs 100 crore in April 2023. Joining IvyCap Ventures in this round were Mumbai Angels and Caret Capital.

Funds to Bolster Infrastructure and Geographic Reach

The newly acquired capital will be strategically deployed to enhance Celcius Logistics’ transportation management system (TMS) and warehouse management system (WMS), ultimately fortifying their cold storage solutions. Additionally, the company aims to significantly expand its presence by reaching over 500 cities within the next year. This strategic growth will empower manufacturers to streamline the distribution of their perishable goods across the country.

A One-Stop Shop for Cold Chain Needs

Founded by Swarup Bose, Celcius Logistics operates as a central hub connecting shippers with transporters. The company functions as a comprehensive solution for all cold chain requirements, ensuring efficient last-mile and hyperlocal deliveries of perishable products. Their impressive track record includes the transportation of over four lakh tons of cargo, encompassing dairy products, pharmaceuticals, fruits, seafood, and fresh agricultural produce.

A Renowned Client List and Extensive Network

Celcius Logistics boasts a prestigious clientele that includes Zomato, Spicejet, Reliance Pharma, Maersk, Prabhat Dairy, Baskin Robbins, Vadilal, Domino’s, Keventers, and Godrej Agrovet, to name a few. Currently, their expansive network encompasses 4,000 vehicles, 107 cold storage facilities, 27 distribution centers, and a network of 200 hyperlocal riders strategically positioned across India.