Cold chain marketplace Celcius Logistics Solutions Pvt Ltd has secured Rs 100 crore in its Series A funding round led by IvyCap Ventures Advisors Private Limited. The company aims to utilise the fresh capital for tech innovations to solve the fragmented cold supply chain, reduce wastage in perishables, and focus on sustainability.
"From our humble beginnings with just five employees during the COVID-19 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," said Founder and CEO Swarup Bose, adding that it recently launched smart solutions catering to last-mile needs.
