Participated · Series A · Oct 2024

Febi.ai uses AI/ML combined with domain experts to automate accounting and tax compliance in real time. It offers transaction management, automated file management, automated tax filings, smart invoicing and payments, and finance concierge services. The company also provides a dedicated personal accountant for strategic financial guidance and support. Febi.ai plans to use new funding to advance its AI capabilities, acquire more customers, and expand its workforce. The business is owned and operated by Rivergo Automation Pvt. Ltd., was founded in 2022, and is based in Gurgaon, Haryana. It recently raised $2 million in a pre-Series A round to support product development and customer growth.

Participated · Series A · Apr 2023

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.

Participated · Equity · Apr 2022

Celcius Logistics is a tech-driven 3PL and cold supply chain provider that has launched Celcius+, a specialised pharma logistics vertical for temperature-sensitive medicines, vaccines, and biologics. The Celcius+ roll-out includes a phased ₹50 crore investment to build fleet and courier capabilities and aims to be fully GDP-compliant with AI-enabled route optimisation and real-time shipment tracking. The company will equip vehicles with advanced telematics, digital locks, CCTV and 24/7 temperature and location monitoring through a central control tower, and plans to hire 30–40 pharma logistics and compliance specialists. Celcius+ will cover primary, secondary and last-mile distribution and focus on high-value segments such as vaccines, insulin, biologics and specialty medicines while partnering with pharmaceutical companies. The vertical targets ₹100 crore in ARR within 18 months and aims to expand its pharma network to over 100 cities by end of 2025. Celcius is currently active in more than 600 cities and plans to scale its overall footprint to over 1,000 cities in the coming years; earlier this year it raised ₹250 crore in an oversubscribed Series B funding round. Celcius Logistics is a cold-chain logistics provider that connects shippers and transporters to deliver perishable goods for food and pharma customers. Founded in 2020 and led by CEO Swarup Bose, the company offers last-mile and hyperlocal delivery and operates transportation and warehousing services supported by its TMS and WMS. It has transported over four lakh (400,000) tons of perishables and serves clients including Zomato, SpiceJet, Reliance Pharma, Maersk, Domino’s, Vadilal, Baskin Robbins, Prabhat Dairy, Keventers, and Godrej Agrovet. The company operates a network of 4,000 vehicles, 107 cold storage facilities, 27 distribution centers, and about 200 hyperlocal riders across India, and employs 11–50 people. Celcius has raised $21.59M to date, including a recent Rs40 crore ($4.8M) pre-Series B led by IvyCap Ventures and a prior Rs100 crore ($12M) investment in April 2023. The fresh capital will be used to enhance its Transportation Management System and Warehouse Management System and to expand its footprint to over 500 cities. Celcius Logistics Solutions is an Indian cold-chain platform. Its core offering centers on cold-chain logistics. The company completed a $12 million Series A funding round. The Series A was led by IvyCap Ventures. The fundraise was disclosed in a tweet by Vikram Gupta, founder of IvyCap Ventures. The article did not provide operating metrics, past rounds, a founding year, or future plans. Founded in 2020 and based in Mumbai, Celcius Logistics operates an asset-light, tech-powered cold chain network that connects reefer trucks and cold storage via a web- and app-based SaaS platform. The company provides end-to-end cold chain solutions serving dairy, pharma, fresh agriculture produce, fruit export, seafood and COVID-19 vaccine distribution. To date it has onboarded about 2,500 vehicles, 107 cold storage facilities and expanded operations across more than 150 cities. Celcius has tied up with financial institutions such as Shriram Transport and Finance Company and OEMs including Tata Motors and Ashok Leyland. With the newly raised capital the startup plans to expand geographically to over 500 cities, invest in technology, and grow its sales and operations teams while running development programmes to support small-scale and regional transporters, including the Vahan Vikas Samriddhi Programme.

Participated · Series A · Apr 2021

Eunimart provides an advanced platform for merchants to sell anywhere and on any channel, supported by AI for decision making, supply-chain management, and an omnichannel suite of solutions. The three-year-old, Bengaluru-based company offers AI tools for automatic cataloguing, pricing, image and content optimisation, portfolio optimisation, competition analysis, and sales prediction. Its platform has more than 5,000 sellers and processes over 50,000 orders per month, with clientele across India and the United Arab Emirates. Eunimart raised $700,000 in a pre-Series A round and has now raised $2.2 million to date. The company says it will use the fresh funds to grow its sales, partnership, and marketing teams and to rapidly scale its product. Eunimart is a Singapore-listed company whose Vdezi product enables SMEs and merchants to sell globally via cross-border marketplaces and channels. The platform offers end-to-end support including shipping, warehousing, payments, and operational tools such as PoS, WMS, pricing management, cataloguing, orders and inventory management, global shipping and returns management, and e-fulfilment. Eunimart adds data-driven intelligence and AI-based decision-making around products, markets, competition and sales. The company has manually serviced about 300 customers across 40 countries during its domain-building phase. Eunimart plans to expand deeper into the e-commerce and cross-border segment, aiming to enable SMEs like handicrafts, handlooms and jewellery merchants to access global markets. SucSEED Venture Partners' investment is intended to provide capital and access to domain leaders and technology experts to accelerate product development and scale. Management frames the opportunity within a $550 billion cross-border e-commerce market growing at roughly 17% CAGR toward $1 trillion by 2021.

Participated · Seed · Mar 2021

ReshaMandi provides a full-stack digital ecosystem for the silk value chain, using proprietary AI and IoT technology to improve farmers' productivity and streamline processes from farm to fashion. The company offers a democratised marketplace, financial solutions, and scientific advisories intended to boost production, quality, and international recognition for Indian silk. Founded in May 2020 by Mayank Tiwari (CEO), CTO Saurabh Agarwal, and CBO Utkarsh Apoorva, the Bengaluru-based startup reported revenues grew 30x in its first year of operation. ReshaMandi plans to expand its agricultural business across all major silk-producing states and establish leadership in weaving clusters such as Varanasi, Salem, Kanchipuram, Maheshwar, and Dharmavaram. It also aims to extend its retail footprint into numerous Indian cities over the next three to six months, including Agra, Kota, Gorakhpur, Dhanbad, Ranchi, Bhopal, Indore, Jabalpur, Rajkot, Vadodara, Surat, Pune, Nagpur, Satara, Visakhapatnam, Vijayawada, Madurai, Coimbatore, Kochi, and Kannur. The company says the fresh funding will help operationalise R&D work and deliver financial and technological solutions that benefit stakeholders across the silk supply chain. ReshaMandi is building a full-stack platform to organise India’s silk supply chain, offering services including quality testing, technical advisory, high-quality inputs, and market linkages at each node. The company uses mobile apps, IoT devices and tech-enabled grading systems to help farmers increase production, lower wastage, improve quality and access better pricing. Founded in April 2020 by Mayank Tiwari (CEO), Saurabh Agarwal (CTO) and Utkarsh Apoorva (CBO), ReshaMandi works with more than 2,300 farmers and has IoT devices deployed across 10 rearing centres. In less than a year since inception the startup reports an ARR of $30 million. The founders plan to use new funding to strengthen their digital platform and expand beyond Karnataka into other silk hubs such as Maharashtra and Tamil Nadu. ReshaMandi was named the Best Emerging Social Enterprise of 2020 by Business Mint.