Celcius Logistics, a cold chain marketplace startup, finished its Series A funding by increasing a total amount of Rs 100 crore, led by IvyCap Ventures. As part of its Series A funding, the company earlier raised Rs 35 crore, from its existing investors – Mumbai Angels, Supply Chain Labs, Endurance Capital, VCats, Huddle, Eaglewings Ventures (EVAN), and others.

Being an asset-light platform, it claims to have of a network fleet of over 4500+ reefer vehicles, 107 cold storage facilities, 7 distribution centers, 100+ hyperlocal riders, and a team of 125 dedicated employees and is operational in 350+ cities across the country. The company aims to utilize the funds for tech innovations to solve the fragmented nature of the cold supply chain and reduce the wastage in perishables thereby building towards a sustainable future.

Speaking about the journey and plans for the company, Founder and CEO Swarup Bose, said, “We are grateful to our investors for their unwavering support and belief in the vision and mission of Celcius. From our humble beginnings with just 5 employees during the COVID pandemic, we have become a leading player in the cold supply chain industry, with a team of 125 dedicated employees and an operational presence in 350+ cities across the country. Having raised more funds, we aim to further expand our operations and build a seamless, and truly unbroken cold supply chain, ensuring food security for all.”

Speaking about the investment, Vikram Gupta, Founder and Managing Partner of IvyCap Ventures, said, “We are glad to have partnered with Celcius Logistics, which is revolutionizing the cold supply chain sector, with its innovative approach. Given its focus and the expertise of the team, we are confident that Celcius will emerge as the leading brand in this space.” Celcius provides its services to startups such as Zepto, Zomato, Maersk, Prabhat Dairy, Baskin Robbins, Vadilal, Domino’s, Keventers, and Godrej Agrovet.