VC Fund Investments
Cold chain focused Celcius Logistics raises Rs.40-Cr led by IvyCap Ventures
Mumbai-based Celcius Logistics , an aggregator providing end-to-end cold-chain solutions, has raised INR 40 crore (USD 4.8 million) in a pre-series B round, led by existing investor IvyCap Ventures. Other investors in the round include ?Mumbai Angels and Caret Capital.The fresh proceeds will be used to expand the firm’s footprint across its transportation management system (TMS) and warehouse management system (WMS), strengthening its cold storage solution. The company also aims to expand its reach in over 500 cities in the next one year and help manufacturers sell their perishable products.Founded by Swarup Bose, Celcius Logistics connects shippers and transporters and offers solutions for all cold chain requirements, ensuring last mile and hyperlocal deliveries.
Celcius had attracted INR 100 crore in Series A funding in April 2023 led by IvyCap Ventures.
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