Citrus Freight Raises Rs 2.5 Cr In Bridge Round From Caret Capital, Others

Citrus Freight, a reefer container shipping company, has raised Rs 2.5 crore in a bridge funding round from Caret Capital, Indigram Labs Foundation and other investors.

With this round, the company has raised a total of ₹5.25 crore so far.

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The funds will be used to grow the team and improve the company’s technology, especially its mobile-first platform.

About Citrus Freight

Founded in 2016 by Biplob Barik and Ricky Goyal, the Bengaluru-based Citrus Freight focuses on transporting perishable goods like fruits, vegetables, meat, seafood, and flowers. 

It offers end-to-end services, including container booking, customs clearance, road transport, and customer support. The company uses temperature tracking and real-time data to keep the goods fresh during transit.

Citrus Freight specializes in transporting perishable goods, mainly in the agriculture sector. It offers a digital platform to book refrigerated containers and provides complete services like customs clearance and road transport. 

The company is known for safely handling fresh produce, meat, seafood, and flowers for export to global markets.

Citrus Freight helps export Indian produce to regions like Europe, the Middle East, and Southeast Asia. It tackles export challenges with a mobile app that handles booking, compliance, temperature tracking, and data insights.

The startup focuses on supporting small and medium businesses by giving them tools and infrastructure to grow globally. It says it has cut booking time from 72 hours to just 10 minutes and helped clients reduce spoilage while increasing their market reach by over 40%.

In the next 12 to 24 months, Citrus Freight aims to earn ₹4.5 crore in revenue and ship 1,500 containers.

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