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Celcius raises $4.5 Mn in Series A round led by Mumbai Angels

Celcius, a cold chain marketplace, has raised a bridge round of $4.5 million from Mumbai Angels. Other investors included Supply Chain Labs, Endurance Capital, VCats, Keiretsu Forum, Huddle and EVAN.

This is a part of the bigger Series A funding round of $10 million in progress.

Celcius said it would use the capital to build its tech, sales and operations teams while expanding to over 500 cities this year, and to create development programs to assist transporters across the country.

Celcius provides end-to-end cold chain solutions in over 300 cities across India. The platform has 2,500 vehicles and 107 cold storage facilities. It claims to have grown 20X in 1 year. 

Celcius seems to be a captivating startup with inspiring new development on transportation, logistics and storage platform. I’m certain this startup would keep on succeeding in its excursion ahead. All the best to the whole group of Celcius. This will give them an enormous achievement in the future.

Shishir Gupta, Founder and CEO, StartupLanes

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