Celcius Logistics, a cold-chain marketplace, has raised INR 40 crore in a pre-Series B funding round led by IvyCap Ventures, with participation from Mumbai Angels and Caret Capital. This funding follows a Series A round of INR 100 crore in April 2023, also led by IvyCap Ventures.
The fresh capital will be used to expand Celcius’s Transportation Management System (TMS) and Warehouse Management System (WMS), aiming to reach over 500 cities within the next year. Celcius Logistics connects shippers and transporters, providing comprehensive cold chain solutions, including last-mile and hyperlocal delivery.
Founder and CEO Swarup Bose highlighted that the platform addresses operational inefficiencies in India’s cold-chain ecosystem, particularly benefiting the food and pharma industries. The technology-driven platform ensures real-time monitoring and analytics, reducing wastage and enhancing seamless delivery of perishable goods. The expansion aims to bridge the demand-supply gap in the cold supply chain, bringing transparency and operational efficiency.
Currently, Celcius operates with 4,000 vehicles, 107 cold storage facilities, 27 distribution centers, and 200 hyperlocal riders nationwide. The platform has already transported over four lakh tons of perishable cargo, serving clients such as Zomato, Spicejet, Reliance Pharma, Maersk, Prabhat Dairy, Baskin Robbins, Vadilal, Domino’s, Keventers, and Godrej Agrovet.
Vikram Gupta, Founder and Managing Partner of IvyCap Ventures, expressed pride in supporting Celcius Logistics, praising the team’s commitment to digitising the cold chain industry. He believes the new investment will accelerate Celcius’s growth and benefit stakeholders across the country.
Celcius’s enhanced cold storage solutions are set to further their market presence, helping manufacturers efficiently sell perishable products while ensuring quality compliance in cold chain logistics.
