PE Fund Investments
Cold chain aggregator Celcius Logistics raises Rs.250-Cr; early investors make part exit
Navi Mumbai-based Celcius Logistics , an aggregator of cold chains, has raised INR 250 crore in a funding round co-led by global investment firm Eurazeo and agri-biz focused venture capital firm Omnivore.The round, which comprised a mix of equity and debt, also saw participation from existing investor IvyCap Ventures and debt investors including Trifecta Capital, Lighthouse Canton, BlackSoil, UCIC and GetVantage. The round also included a 5% secondary component, with early investors having part-sold their stake.The company plans to use the primary proceeds to expand its network to more than 1,000 cities from the current 600 by the end of this financial year and also strengthen the technology platform.The company caters to clients in e-commerce, quick commerce, pharmaceuticals, dairy, seafood, meat, hospitality and modern retail. Its clientele includes brands like Blinkit, Zepto, Zomato, Baskin Robbins, Domino’s and Keventers. It generated revenue of about INR 100 crore in FY24. It had last raised INR 40 crore in May last year, led by IvyCap Ventures. To date, it has raised a total of INR 390 crore.
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