Celcius operates a cold-chain marketplace providing end-to-end supply chain solutions including transport, warehousing, last-mile and hyperlocal delivery, with a platform for booking, monitoring, real-time updates and data analytics. The company aggregates small reefer vehicles through a last-mile service and uses its 'Vahaan Vikas Yojana' to introduce new assets and create opportunities for smaller transporters. Its hyper-local service transports perishables from 500 gms to 500 kgs nationwide within 18 hours, and it has ventured into cross-border logistics to enable export and import of products such as exotic fruits and seafood. Celcius said it will use the funds to solve the fragmented nature of the cold supply chain and reduce wastage. The company reported 20X growth over the past year and has onboarded customers including Zepto, Zomato, Maersk, Prabhat Dairy, Baskin Robbins, Vadilal, Domino's, and Keventers. Financially, Celcius recorded Rs 13.8 crore in revenue from operations in FY22 versus Rs 74 lakh in FY21, while losses widened to Rs 2.22 crore in FY22 from Rs 12 lakh in FY21. Celcius (Celcius Logistics Solutions Pvt Ltd) is an India-based cold-chain aggregator platform founded in 2020 that provides end-to-end cold chain solutions via a SaaS-based marketplace. Its platform enables collaboration among cold-chain entities and targets sectors including dairy, pharmaceuticals, fresh agriculture produce, fruit export, seafood and COVID-19 vaccine distribution. As of the article, Celcius has onboarded 2,500 vehicles, 107 cold storages, and expanded operations to over 150 cities. It has partnerships with financial institutions such as Shriram Transport and Finance Company and with OEMs including Ashok Leyland and Tata Motors. The company plans to use new capital to expand geographically to more than 500 cities in the year and to grow its technology, sales, and operations teams. It also intends to fund development programs to support small-scale and regional transporters across India. Celcius Logistics Solutions Pvt. Ltd. operates a software-as-a-service platform that connects shippers and transporters of perishable cargo across India. Founded in August 2020 by Swarup Bose, Rajneesh Raman, and Arbind Jain, the Mumbai-based startup positions itself as the only domestic aggregator providing end-to-end cold-chain solutions. Its core product is the SaaS marketplace that coordinates movement and management of perishable shipments. The company plans to use new capital for geographical expansion, hiring, and setting up offices in other cities to provide localized services. Financially, Celcius raised $500,000 in a seed round in August 2021 led by Mumbai Angels Network with participation from Huddle, Lumis Partners, and investors from Nigeria, Malaysia, and the United States. No operating metrics (revenue/users) were disclosed in the cited article.

Total raised

$17M

Funding rounds

3

Latest round

Series A

Latest activity

Apr 2023