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Celcius Logistics raises Rs 40 Cr in a pre-Series B round led by IvyCap Ventures

May 14, 2024

Amount Raised

₹400 Million

Round Type

Series B

Navi MumbaiTransportationSupply Chain ManagementLogisticslogistics & supply chain

Investors

Caret CapitalMumbai AngelsIvy Cap Ventures

Description

Celcius Logistics has secured Rs 40 crore ($4.8 million) in a pre-series B round, with existing investor IvyCap Ventures leading the round. The fresh proceeds will be used to expand its footprint across its transportation management system and warehouse management system, further strengthening its cold storage solution, and to expand its reach in over 500 cities.

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Company Information

Company

Celcius Logistics

Location

Navi Mumbai, Maharashtra, India

About

Celcius Logistics is a domestic aggregator providing end-to-end cold-chain solutions. It connects shippers and transporters and is a one-stop solution for all cold chain requirements, ensuring last mile and hyperlocal deliveries.

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Related People

3 contacts
Verified contactsSwarup B., Chief Executive Officer | Founder hidden hidden hiddenSee plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Celcius Logistics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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