Series B funding led by current investor IvyCap Ventures has brought in Rs 40 crore ($4.8 million) for domestic aggregator Celcius Logistics, which offers end-to-end cold-chain solutions.
The present funding round comes after IvyCap Ventures‘ Series A funding round, which raised Rs 100 crore ($12 million) in April 2023.
With the additional funds, the company plans to improve its cold storage solution by extending the reach of its transportation management system (TMS) and warehouse management system (WMS).
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In the upcoming year, it also hopes to reach more than 500 cities and assist producers in selling their perishable goods.
More than four lakh tons of perishable cargo, including fresh agricultural produce, dairy products, pharmaceuticals, fruits, and seafood, have already been delivered via the platform.
About Celcius Logistics
Founded by Swarup Bose, Celcius Logistics 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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