In a major leap for India’s logistics space, Navi Mumbai-based Celcius Logistics has raised Rs 250 crore (~$30 million) in a Series B round co-led by Eurazeo and Omnivore, with participation from IvyCap Ventures, Trifecta Capital, Lighthouse Canton, BlackSoil, UCIC, and GetVantage.
Founded in 2020 by Swarup Bose, Celcius is on a mission to fix India’s broken cold chain system—a challenge that has long caused massive food and pharma wastage. Their platform now powers 4,000+ temperature-controlled vehicles, 150+ cold storage centers, and a 250-rider hyperlocal network, already covering 600+ cities.
With this new capital, Celcius plans to scale its operations to 1,000+ cities, double down on pharma-grade logistics, and further develop its AI-driven temperature tracking and logistics tech.
What sets Celcius apart is its digital-first approach to a traditionally outdated industry. Clients like Blinkit, Zepto, Domino’s, and Baskin Robbins already trust their platform for seamless, safe delivery.
The startup has seen 2.5x annual revenue growth since 2021, and has raised Rs 390 crore in total funding till date—solidifying its spot as one of the fastest-growing logistics startups in India.
As climate volatility rises, Celcius isn’t just building logistics—it’s building resilience.