Celcius Logistics Raises Rs.250 Crore In Series B Funding To Reach 1,000 Cities

Celcius Logistics Raises Rs.250 Crore In Series B Funding To Reach 1,000 Cities

Founded in 2020, the company currently operates in 600 towns

Celcius Logistics, a cold chain-focused homegrown third-party logistics company, has raised Rs.250 crore in a Series B funding round co-led by Eurazeo and Omnivore, with participation from existing investor IvyCap Ventures.

The funds were raised through a combination of equity investment, debt financing, and secondary transactions. The debt partners include Trifecta Capital, Lighthouse Canton, BlackSoil, UCIC, and GetVantage.

The company plans to expand its network to over 1,000 cities across the country. It aims to enhance the technology platform to meet the growing demand for temperature-sensitive logistics across multiple sectors.

Celcius has also made inroads into pharmaceutical logistics, ensuring safe and efficient transportation of critical medical supplies nationwide.

Founded in 2020, the company currently operates in over 600 cities with a network of over 4,000 vehicles, 150 cold storage and distribution facilities, and over 250 hyperlocal riders.

Its clients include Blinkit, Zepto, Zomato, Domino’s, Keventers, and Baskin-Robbins.