Celcius Logistics raises ₹250 crore in Series B funding
With the latest round, the total funding raised stands at approximately ₹390 crore.
Celcius Logistics has raised ₹250 crore in Series B funding to expand its cold chain logistics network to over 1,000 Indian cities, strengthen pharmaceutical logistics, and enhance its technology platform. The funding round, closed today, was led by Eurazeo and Omnivore with participation from IvyCap Ventures and debt partners such as Trifecta Capital, Lighthouse Canton, BlackSoil, UCIC, and GetVantage. The round included equity investment, debt financing, and secondary transactions.
The company plans to use the funds to grow its reach across India and meet rising demand for temperature-sensitive logistics in food and pharmaceutical sectors. Celcius has recently expanded into pharmaceutical logistics and is focused on secure and efficient transportation of medical supplies.
Swarup Bose, Founder & CEO of Celcius Logistics, said, “The funding comes at a pivotal time as we scale our operations and strengthen our capabilities across all verticals. We are focused on expanding our reach, deepening customer partnerships, and delivering seamless, reliable, and efficient temperature-sensitive logistics using our tech-driven cold chain solutions.”
The company had earlier raised ₹40 crore in a pre-Series B round in May 2024. With the latest round, the total funding raised stands at approximately ₹390 crore. Celcius was founded in 2020 and currently operates in over 600 cities with a fleet of 4,000+ vehicles and 150+ cold storage and distribution points.
Jinesh Shah, Managing Partner at Omnivore, said, “We are excited to deepen our partnership with Celcius as they revolutionize cold chain logistics to meet the urgent need for energy-efficient, climate-resilient solutions in a warming world."
Ernest Xue, Managing Director at Eurazeo, along with Julien Mialaret and Matthieu Bonamy, stated, “India’s fragmented cold chain ecosystem has long constrained the flow of critical products such as food and pharmaceuticals across the country, resulting in significant economic and access inefficiencies. As climate volatility accelerates and global demand for resilient infrastructure grows, there is a critical need for intelligent platforms that drive both decarbonisation and systemic reliability at scale. ”
Vikram Gupta, Founder and Managing Partner at IvyCap Ventures, added, “Celcius is addressing a critical gap in supply chain at scale—their tech-first approach to cold chain logistics is redefining how perishables are transported across India.”
Celcius has consistently reported 2.5x year-on-year revenue growth since 2021 and operates a dark store and distribution network with 250+ hyperlocal riders. Its clients include Blinkit, Zepto, Zomato, Baskin Robbins, Domino’s, and Keventers.
