Celcius Logistics, a cold chain marketplace startup, announced that it has raised INR 100 crore ($13.3 million) in Series A funding led by IvyCap Ventures. The funds will be used to organise the sector through the adoption of smart tech in order to create an unbroken cold chain. Celcius offers an integrated online platform that provides end-to-end supply chain solutions, including transport, warehousing, and last-mile and hyperlocal delivery services for all stakeholders across the cold chain network.
“From just five employees during the pandemic, we have become a leading player in the cold supply chain industry, with a team of 125 dedicated employees and an operational presence in more than 350 cities across the country,” said Swarup Bose, Founder and CEO, Celcius.
“We aim to expand our operations further and build a seamless, and truly unbroken cold supply chain, ensuring food security for all. We are also working towards introducing smart tech innovations to address challenges in the pharma sector,” Bose added.
It has a network fleet of over 4,500 reefer vehicles, 107 cold storage facilities, 7 distribution centres, over 100 hyperlocal riders and a team of 125 dedicated employees. The startup has clients like Zomato, Maersk, Prabhat Dairy, Baskin Robbins, Vadilal, Domino’s, Keventers and Godrej Agrovet.
