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

May 14, 2024about 1 year ago

Amount Raised

₹400 Million

Round Type

series b

Navi MumbaiSupply Chain ManagementLogisticsTransportation

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.

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.

Funding Insights

Based on industry data
VC-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

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