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News

Celcius Logistics raises R250 Sitics Logistics orders 100 delivery

crore in Series B funding drones from TECHEAGLE
elcius Logistics has itics Logistics has
Craised ₹250 crore in Splaced an order for
Series B funding to expand its 100 autonomous BVLOS
cold chain logistics network (Beyond Visual Line of
to over 1,000 Indian cities, Sight) delivery drones from
strengthen pharmaceutical TECHEAGLE Innovations.
logistics, and enhance its TECHEAGLE’s in-house
technology platform. developed drones will
The funding round support Sitics’ operations
was led by Eurazeo and the funds to grow its reach across e-commerce, to build a hybrid logistics
Omnivore with participation across India and meet rising intercity B2B, and direct-to- network that combines
from IvyCap Ventures and demand for temperature- consumer deliveries in last- aerial and ground-based
debt partners such as sensitive logistics in food mile and mid-mile logistics. systems. Speaking on
Trifecta Capital, Lighthouse and pharmaceutical The initial rollout will begin the partnership, A.M.
Canton, BlackSoil, UCIC, sectors. Celcius has in Delhi-NCR, Mumbai- Sikander, Group CEO and
and GetVantage. The recently expanded into Pune, and Bengaluru, with MD of Sitics Logistics, said,
round included equity pharmaceutical logistics and plans to scale to over ten “This partnership with
investment, debt financing, is focused on secure and cities in the coming months. TECHEAGLE marks a bold
and secondary transactions. efficient transportation of With this deployment, the step toward the future
The company plans to use medical supplies. two companies are working of logistics."

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