Tamil Nadu’s warehousing sector is witnessing a dynamic transformation, attracting significant interest from real estate developers and corporates amid growing demand for logistics infrastructure. While Chennai continues to lead as a warehousing hub, the surge is now reaching tier-2 and tier-3 cities, prompting the state government to introduce a dedicated Warehousing Policy aimed at enhancing infrastructure and drawing long-term investments.
Chennai-based developer DRA has made a notable foray into Grade A warehousing with a flagship 12-acre project in Mappedu strategically located near the upcoming dry port and along the Chennai–Bangalore Industrial Corridor. “This ₹100 crore investment will deliver 3 lakh sq.ft of premium warehousing space. We aim to expand to 1.5 million sq.ft in Chennai by 2028,” said Ranjeeth Rathod, Managing Director, DRA.
In parallel, a well-established corporate group from Chennai is preparing to enter the warehousing sector, leveraging its strategic land holdings in high-demand zones such as the Sriperumbudur electronics manufacturing belt. Although formal announcements are pending regulatory clearances, rising inbound interest is driving this expansion.
With policy support and robust market fundamentals, Tamil Nadu is quickly positioning itself as a key player in India’s evolving warehousing and industrial landscape.
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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.
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Journal of Supply Chain is a Hansi Bakis Media brand.