Celcius Logistics is a cold chain marketplace startup that aims to provide a seamless, unbroken cold supply chain in India. The company has recently completed its Series A funding, raising a total amount of Rs 100 crore led by IvyCap Ventures.
Celcius plans to use the funds to further expand its operations and invest in tech innovations that solve the fragmented nature of the cold supply chain. The company aims to reduce the wastage of perishables and build towards a sustainable future.
Despite its humble beginnings during the Covid pandemic with just five employees, Celcius has grown to become a leading player in the cold supply chain industry.
The company has a network fleet of over 4,500 reefer vehicles, 107 cold storage facilities, seven distribution centers, and over 100 hyperlocal riders.
Celcius operates in over 350 cities across India, providing temperature-controlled hyper-local services that transport perishables ranging from 500 gm to 500 kg across the nation within 18 hours. The company leverages air, rail, and road networks to offer seamless services.
Celcius has a diverse clientele that includes Zepto, Zomato, Maersk, Prabhat Dairy, Baskin Robbins, Vadilal, Domino’s, Keventers, and Godrej Agrovet. The company’s services have been critical in reducing food losses in India, which currently stand at about $14 billion yearly. Additionally, Celcius helps to reduce vaccine wastage caused by damages and temperature variations during transit.
The cold chain system in India suffers from several inefficiencies, particularly in sectors like food and pharma. Celcius aims to solve these issues and provide a more efficient and sustainable cold supply chain in the country.
With its recent Series A funding, the company is poised to become the leading brand in the space, providing critical services for food and pharmaceutical industries, which require temperature-controlled storage and transportation.