Cold-chain marketplace Celcius raises ₹40 crore

Celcius Logistics has secured ₹40 crore in a pre-series B funding round, led by existing investor IvyCap Ventures.

Other marquee investors include ⁠Mumbai Angels and Caret Capital.

This follows the Series A funding round of ₹100 crore in April 2023 led by IvyCap Ventures.

The platform connects shippers and transporters and is a one-stop solution for all cold chain requirements, ensuring last mile and hyperlocal delivery for all stakeholders.

Celcius Logistics aims to deploy fresh capital to expand its footprint across its TMS and WMS, further strengthening its cold storage solution.

Through this, it aims to expand its reach in over 500 cities in the next one year and help manufacturers sell their perishable products.

Currently, the platform has 4,000 vehicles, 107 cold storage facilities, 27 distribution centres, and 200 hyperlocal riders across the country.

The platform has already transported over four lakh tons of perishable cargo for dairy, pharma, fruits, seafood as well as fresh agricultural produce.

Its clients include Zomato, Spicejet, Reliance Pharma, Maersk, Prabhat Dairy, Baskin Robbins, Vadilal, Domino’s, Keventers, and Godrej Agrovet among others.

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