We are talking about Celcius Logistics, which secured $4.8 million in the pre-series b round:
Celcius Logistics is a supply chain solution provider offering end-to-end cold-chain solutions. This startup has secured a $4.8 million fund in a pre-series B round. IvyCap Ventures, an existing investor in Celcius Logistics, led the round. Other investors include Caret Capital and Mumbai Angels.
The startup secured $12 million in the previous Series A funding round held in April last year. That round was also led by IvyCap Ventures. Celcius Logistics will use this fund to expand its transportation and warehouse management system. The company is also working on enhancing its cold storage solution while trying to expand its reach in 500 cities this year to help manufacturers sell their products. Celcius Logistics is India’s largest Online cold-chain network. The company helps sellers and transporters to connect in India. The founder and CEO of Celcius Logistics emphasized that the company enables manufacturers and transportation agencies in the food and pharma sector to provide seamless delivery of items.
The company offers real-time monitoring updates and analytics to help reduce the wastage of goods. They provide a Cold chain platform with a web and app-based SaaS platform that offers a complete cold chain solution network online. The platform helps individuals connect shippers and allocate cold storage resources across India. The platform has already transported tons of cargo for dairy, pharma, seafood, fruits, and other agricultural products. The company has big companies working with them as clients, including Zomato, Reliance Pharma, Buskin Robbins, Vadilal, Dominos, Godrej Agrovet, and many more.
The startup offers a platform with 4000+ vehicles, 107 cold storage facilities, 200 hyperlocal riders, and 27 distribution centers across India. IvyCap Ventures is the existing investor of Celcius Logistics and has been investing in the company for years. The Founder and managing director of IvyCaps ventures, Vikram Gupta, said they are proud of Celcius logistics as they see the startup building a robust cold supply chain. He added that the team’s commitment to enhancing the cold chain industry is acknowledgeable. IvyCap Ventures believes that the investment in this startup will help it grow further and benefit the stakeholders nationwide.
Conclusion
Celcius Logistics is a supply chain solution provider. This startup has secured a $4.8 million fund in a pre-series B round. This round was led by existing investor IvyCap Ventures, with additional participation from Caret Capital and Mumbai Angels. The company enables manufacturers and transportation agencies in the food and pharma sector to provide seamless delivery of items.
The startup offers a platform with 4000+ vehicles, 107 cold storage facilities, 200 hyperlocal riders, and 27 distribution centers across India. The continued support from IvyCap Ventures underscores confidence in Celcius’s growth and its significant contributions to the cold-chain industry, benefitting stakeholders across the nation. The platform has already transported tons of cargo for dairy, pharma, seafood, fruits, and other agricultural products. The company has big companies working with them as clients, including Zomato, Reliance Pharma, Buskin Robbins, Vadilal, Dominos, Godrej Agrovet, and many more.
Digital Marketing Executive at Scoopearth
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