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Celcius raises Rs 100 cr in a funding spherical led by IvyCap Ventures

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NEW DELHI: Cold chain options supplier Celcius Logistics has raised Rs 100 crore in a funding spherical led by IvyCap Ventures, the corporate mentioned on Monday. The startup had earlier raised Rs 35 crore from present buyers Mumbai Angels, Provide Chain Labs, Endurance Capital, VCats, Huddle, Eaglewings Ventures (EVAN), and others.

The corporate goals to utilise the funds for tech improvements to resolve the fragmented nature of the chilly provide chain and scale back the wastage in perishables thereby constructing in the direction of a sustainable future.

“Having raised extra funds, we intention to additional broaden our operations and construct a seamless, and actually unbroken chilly provide chain, making certain meals safety for all. We’re additionally working in the direction of introducing good tech improvements to handle challenges within the pharma sector,” Celcius founder and CEO Swarup Bose mentioned.

Celcius has a fleet of over 4,500 reefer autos, 107 chilly storage amenities, seven distribution centres, over 100 hyperlocal riders, and a workforce of 125 devoted staff, and is operational in additional than 350 cities throughout the nation.

The corporate claims to have recorded over 20-fold development final yr. Its clientele consists of Zepto, Zomato, Maersk, Prabhat Dairy, Baskin Robbins, Vadilal, Domino’s, Keventers, and Godrej Agrovet.

IvyCap Ventures, Managing Companion, Tej Kapoor shall be becoming a member of the board of Celcius.

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