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News18
2 days ago
- Business
- News18
Celcius Logistics enters pharma cold supply chain with Rs 50 cr investment
New Delhi, Aug 12 (PTI) Celcius Logistics on Tuesday announced the launch of Celcius+, a specialised logistics arm dedicated to the seamless management of the pharmaceutical supply chain. Designed to meet the sector's stringent requirements for temperature control, compliance, and real-time visibility, Celcius+ ensures medicines, vaccines, and other sensitive products are transported with maximum safety and efficiency, the company said in a statement. Initially, Celcius will invest Rs 50 crore to create a dedicated pharma fleet and support infrastructure, with a goal of achieving Rs 100 crore in annual recurring revenue (ARR) from this segment in the next 18 months, it added. Of this, Rs 35 crore will be allocated towards deploying 100 new reefer vehicles for Celcius+ along key pharmaceutical corridors across India, it said. A further Rs 10–15 crore is being earmarked to build a robust pharma courier system tailored to serve high-demand urban and semi-urban markets. To support this rapid expansion, Celcius will add 30–40 specialised team members with expertise in pharma logistics, operations, and regulatory compliance, it noted. 'Our investment in this vertical marks the beginning of a focused journey to bridge gaps in pharma distribution with tech-backed, GDP-compliant solutions. This initiative is in line with Celcius Logistics' mission to bridge cold chain gaps, reduce wastage, and enable safe, timely deliveries for life-saving products," Celcius Logistics CEO Swarup Bose said. PTI BKS DP BAL BAL view comments First Published: August 12, 2025, 17:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
06-05-2025
- Business
- Business Standard
Celcius Logistics raises ₹250 cr in Series B to expand to 1,000 cities
Celcius Logistics, a cold chain-focused homegrown third-party logistics company, on Tuesday announced it had raised Rs 250 crore in a Series B funding round co-led by Eurazeo and Omnivore, with participation from existing investor IvyCap Ventures. The amount was raised through a combination of equity investment, debt financing, and secondary transactions. The debt partners include Trifecta Capital, Lighthouse Canton, BlackSoil, UCIC, and GetVantage, among others. With the funds, the company plans to expand its network to over 1,000 cities across the country and enhance its 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. Earlier, in May 2024, the end-to-end cold chain solutions provider raised Rs 40 crore in a pre-Series B round. To date, the company has raised around Rs 390 crore to expand its cold chain network and capabilities. 'The funding comes at a pivotal time as we scale our operations and strengthen our capabilities across all verticals. We are focused on expanding our reach, deepening customer partnerships, and delivering seamless, reliable, and efficient temperature-sensitive logistics using our tech-driven cold chain solutions. This support enables us to bridge critical industry gaps and drive meaningful transformation in the ecosystem,' said Swarup Bose, founder and chief executive officer of Celcius Logistics. Founded in 2020, the company currently operates in over 600 cities with a network of more than 4,000 vehicles, 150 cold storage and distribution facilities, and over 250 hyperlocal riders. Some of the company's clients include Blinkit, Zepto, Zomato, Domino's, Keventers, and Baskin Robbins.
Entrepreneur
06-05-2025
- Business
- Entrepreneur
Celcius Logistics Secures INR 250 Cr in Series B to Expand Cold Chain Network to 1,000+ Cities
The company aims to address pressing challenges in temperature-sensitive logistics, including food safety, quality retention, and reduction of wastage. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Cold chain logistics firm Celcius Logistics has raised INR 250 crore in its Series B funding round, co-led by global investment group Eurazeo and agritech-focused Omnivore, with continued support from IvyCap Ventures and debt partners such as Trifecta Capital, Lighthouse Canton, BlackSoil, UCIC, and GetVantage, among others. The funds will be deployed to scale Celcius' cold chain network to over 1,000 cities in India, strengthen its pharma logistics capabilities, and upgrade its proprietary tech stack that includes a Transport Management System (TMS), Warehouse Management System (WMS), and Inventory Management System (IMS). The company aims to address pressing challenges in temperature-sensitive logistics, including food safety, quality retention, and reduction of wastage. "The funding comes at a pivotal time as we scale our operations and strengthen our capabilities across all verticals," said Swarup Bose, Founder and CEO of Celcius Logistics. "We are focused on expanding our reach, deepening customer partnerships, and delivering seamless, reliable, and efficient temperature-sensitive logistics using our tech-driven cold chain solutions." Founded in 2020, Celcius Logistics is a Navi Mumbai-based integrated cold chain 3PL provider offering end-to-end logistics solutions. Its platform enables real-time coordination among manufacturers, transporters, and warehouses, ensuring the safe and efficient movement of perishable goods. The company operates in 600+ cities, manages a fleet of over 4,000 vehicles, 150+ cold storage facilities, and 250+ hyperlocal delivery riders. Celcius' clientele includes top names such as Blinkit, Zepto, Zomato, Domino's, Keventers, and Baskin Robbins. The company has demonstrated consistent 2.5x YoY revenue growth since 2021 and is actively expanding its presence in the high-demand pharmaceutical logistics segment. Jinesh Shah, Managing Partner at Omnivore, commented, "Celcius is revolutionising cold chain logistics to meet the urgent need for energy-efficient, climate-resilient solutions in a warming world. Their platform delivers both environmental and economic value." Ernest Xue of Eurazeo added, "India's fragmented cold chain ecosystem has long constrained the flow of essentials. Celcius' intelligent, tech-driven platform is modernizing infrastructure and supporting climate goals at scale." With total funding of INR 390 crore to date, Celcius is poised to bridge critical cold chain gaps in India's supply chain ecosystem.
Economic Times
06-05-2025
- Business
- Economic Times
Cold chain aggregator Celcius Logistics raises Rs 250 crore in equity, debt
ETtech Swarup Bose, founder and CEO, Celcius Logistics Celcius Logistics, an aggregator of cold chains in India, has raised Rs 250 crore in a funding round co-led by global investment firm Eurazeo and impact venture capital firm round, which comprised a mix of equity and debt, also saw participation from existing investor IvyCap Ventures and debt partners including Trifecta Capital, Lighthouse Canton, BlackSoil, UCIC and GetVantage. The company plans to use the proceeds to expand its network to more than 1,000 cities in India from the current 600 by the end of this financial year and enhance the technology platform."If you look back 10 years, the cold chain was not a very important part of logistics. Today, the government, investors and the market are all highly conscious of cold chain, sustainability, food security and food safety. There is a strong awareness and willingness to invest in this industry,' founder and chief executive Swarup Bose told said the company will use debt to meet its daily working capital needs, while equity funding is allocated towards expansion. The round also included a 5% secondary component, with early investors having part-sold their stake. Founded in 2020, the Mumbai-based startup connects shippers and transporters, offering end-to-end cold-chain solutions, including last-mile and hyperlocal deliveries. It has a network of more than 4,000 vehicles and 150 cold storage and distribution facilities. The company caters to clients in sectors such as ecommerce, quick commerce, pharmaceuticals, dairy, seafood, meat, hospitality and modern retail. Its clientele includes brands like Blinkit, Zepto, Zomato, Baskin Robbins, Domino's and Keventers.'We have brought in new avenues for cold chain transportation, such as part-load in railways and air cargo. We have also started hyperlocal riders. We are tracking, tracing and maintaining temperature throughout the journey and life cycle of a perishable item,' Bose aims to have 750-1,000 riders by the end of this financial year from the current 250. The startup generated revenue of about Rs 100 crore in FY24. 'We have had 2.5x year-on-year growth,' he added. It is yet to file its financial statements for FY25 with the Registrar of Companies. The startup last raised Rs 40 crore in May last year, led by IvyCap Ventures. To date, it has raised a total of Rs 390 crore. 'As climate volatility accelerates and global demand for resilient infrastructure grows, there is a critical need for intelligent platforms that drive both decarbonisation and systemic reliability at scale,' said Eurazeo managing director Ernest Xue, who joined Celcius to Jinesh Shah, managing partner at Omnivore, Celcius revolutionised cold chain logistics 'to meet the urgent need for energy-efficient, climate-resilient solutions in a warming world'.
