Celcius Logistics raises Rs 40 Cr in a pre-Series B round led by IvyCap Ventures
May 14, 2024•about 1 year ago
Amount Raised
₹400 Million
Round Type
series b
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.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech