Cold-chain logistics solutions provider Celcius has raised $500,000 in a seed funding round led by Mumbai Angels Network. Huddle, Lumis Partners and investors from Nigeria, Malaysia, and the United States also participated in the current funding round.
The startup will use the capital for geographical expansion, hiring and setting up offices in other cities to provide localised services. It also aims to expand its offerings by including a transport management system and a warehouse management system, thereby making it a one-stop solution for all cold-chain logistics requirements.
Founded in 2020 by Swarup Bose, Rajneesh Raman and Arbind Jain, Celcius Logistics Solutions Pvt. Ltd. has a software-as-a-service platform that connects shippers and transporters of perishable cargo across India.
“The funding will help us expand our footprint and scale the business and make cold-chain products easily accessible across India,” Bose, who is also the chief executive of Celcius, said. “We also plan to delve deeper into the segment by gaining more insights about other innovative cold-chain solutions that we can offer, ultimately making our services all encompassing.”
