Celcius, a cold-chain marketplace, has raised $4.5 million from Mumbai Angels, Supply Chain Labs, Endurance Capital, VCats, Keiretsu Forum, Huddle, EVAN, and others.
The startup is building a platform for shippers and transporters across the country while accounting for the time spent in transit. Since its launch in November 2020, Celcius has onboarded 2,500 vehicles and 107 cold storage.
It will use the fresh funds to expand to over 500 cities this year, according to a press release. Celcius will also allocate some funds to grow its tech, sales, and operations team, and work on development programs to aid small-scale and regional transporters across the country.