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§ Private Profile · Mumbai, India
Technology-driven cold chain solutions provider for refrigerated transportation and warehousing of temperature-sensitive goods.
Celcius Logistics Solutions is a Mumbai, India-based technology company that provides an asset-light digital marketplace and hybrid SaaS platform for end-to-end cold chain transportation and warehousing. The company operates across more than 600 cities with a workforce of 125 employees, facilitating the distribution of temperature-sensitive goods for the food, pharmaceutical, and agriculture sectors. Through its proprietary tracking and monitoring technology, the platform connects shippers with cold storage owners to significantly reduce transit spoilage. Its logistics network serves several prominent enterprise and quick-commerce customers, including Blinkit, Zepto, and Zomato. The enterprise has raised INR 390 crore in total funding, which includes a recent INR 250 crore Series B round backed by institutional investors Eurazeo and IvyCap Ventures. Approaching INR 500 crore in annual revenue, the organization was founded in 2020 by Swarup Bose, Rajneesh Raman, and Arbind Jain.
Celcius Logistics Solutions has raised $27.2M across 5 funding rounds.
Celcius Logistics Solutions has raised $27.2M in total across 5 funding rounds.
Celcius Logistics Solutions is India's first asset-light cold chain marketplace, operating a web and app-based SaaS platform that connects the entire cold chain network online, including matching consignors with transporters, optimizing reefer trucking, and allocating cold storage resources.[1][4] The company provides technology-driven end-to-end refrigerated transportation and warehousing for temperature-sensitive goods in industries like food, pharmaceuticals, and agriculture, using advanced monitoring, real-time tracking, and sustainability-focused solutions to reduce spoilage and boost efficiency.[2][3]
Founded in 2020 and headquartered in Navi Mumbai, Maharashtra, Celcius serves manufacturers of perishable products and transporters, solving fragmentation in cold chain logistics through hyperlocal delivery and nationwide scalability; it achieved revenue generation from month one, registered over 2,000 reefer vehicles by 2021, and secured Series B funding in May 2025 from investors like DCG Tech and Xindus, signaling strong growth momentum.[2][3][5]
Celcius Logistics Solutions Pvt Ltd was founded in 2020 in Maharashtra, India, as an online marketplace for cold chain solutions, co-founded by a team that conceptualized the platform during the COVID-19 lockdown when software development finalized but company registration waited until restrictions lifted in August 2020.[4][5] The idea emerged to address inefficiencies in India's fragmented cold chain, particularly for perishable goods, by creating an asset-light aggregator for reefer logistics and cold storage warehousing.[1][5]
Early traction was rapid: revenue-generating from month one post-incorporation, it raised seed funding in March 2021 to expand team and geography, hit a milestone with over 2,000 reefer vehicles registered and INR 3.5 Cr monthly enquiries by mid-2021, and joined the LUMIS Partners Cohort 2021 accelerator for supply chain mentorship.[5] This bootstrapped-to-funded path highlights resilient execution amid pandemic challenges, evolving from a lockdown idea to a growth-stage logistics player.[3][5]
Celcius rides the cold chain digitization trend in India's booming perishable goods market, fueled by rising e-grocery, pharma exports, and agriculture demand amid post-pandemic supply chain disruptions.[1][2] Timing aligns with government pushes for agri-logistics infrastructure and SME globalization, where fragmented trucking (90%+ unorganized) meets tech enablement via SaaS platforms.[5]
Market forces like urbanization, 10-15% annual food/pharma logistics growth, and sustainability mandates favor Celcius, as real-time tech tackles 20-30% spoilage rates in traditional chains.[2][3] It influences the ecosystem by onboarding thousands of vehicles, enabling nationwide efficiency for underserved SMEs, and attracting VC interest (e.g., Series B 2025), accelerating India's $200B+ logistics sector toward organized, tech-led models.[2][5]
Celcius is poised for hypergrowth, leveraging Series B capital to expand beyond reefer trucking into AI-optimized warehousing and cross-border cold chains, potentially capturing 5-10% of India's underserved market.[2][5] Trends like EV reefers, blockchain traceability, and export booms (e.g., via partners like Xindus) will shape its path, amplifying impact in a sector ripe for consolidation.[2]
Its influence may evolve from niche aggregator to full-stack platform, powering ecosystem players and setting digitization benchmarks—echoing how it turned a lockdown idea into India's cold chain pioneer.[1][5]
Celcius Logistics Solutions has raised $27.2M in total across 5 funding rounds.
Celcius Logistics Solutions's investors include Nandini Mansinghka, Mumbai Angels, Endurance Capital, Huddle, Keiretsu Forum, Lumis Partners, Venture Catalysts, True Global Ventures.
Celcius Logistics Solutions has raised $27.2M across 5 funding rounds. Most recently, it raised $5.7M Other Equity in August 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 12, 2025 | $5.7M Venture Round | — | — | Announced |
| May 16, 2024 | $4.8M Series A Plus | — | — | Announced |
| Apr 12, 2023 | $12M Series A | Nandini Mansinghka | — | Announced |
| Apr 22, 2022 | $4.5M Venture Round | Mumbai Angels | Endurance Capital, Huddle, Keiretsu Forum, Lumis Partners, Venture Catalysts | Announced |
| May 1, 2021 | $250K Seed | — | True Global Ventures | Announced |