Celcius Logistics raises ₹250 cr in Series B to expand to 1,000 cities

Celcius Logistics, a homegrown third-party logistics company specializing in cold chain solutions, has secured ₹250 crore in its Series B funding round. The round was co-led by Eurazeo and Omnivore, with continued support from existing investor IvyCap Ventures. The funding includes a mix of equity investment, debt financing, and secondary transactions. Key debt partners in the round include Trifecta Capital, Lighthouse Canton, BlackSoil, UCIC, and GetVantage.

The Mumbai-based company plans to use the capital to expand its cold chain network to over 1,000 cities across India and strengthen its technology platform to cater to growing demand for temperature-controlled logistics across sectors like food, pharmaceuticals, and retail. Celcius has recently ventured into pharmaceutical logistics, enabling the safe and efficient delivery of critical medical supplies across the country.

This latest fundraise follows a ₹40 crore pre-Series B round closed in May 2024. With this, the company’s total funding has reached approximately ₹390 crore since its inception in 2020.

“This funding comes at a crucial juncture as we scale operations and build capabilities across verticals. Our focus is on expanding reach, enhancing customer relationships, and delivering tech-enabled, reliable cold chain logistics,” said founder and CEO Swarup Bose.

Celcius currently operates in over 600 cities, supported by a fleet of 4,000+ vehicles, 150 cold storage and distribution hubs, and over 250 hyperlocal riders. Its clientele includes leading brands such as Blinkit, Zepto, Zomato, Domino’s, Keventers, and Baskin Robbins.