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Celcius Logistics Solutions is a technology company.
Celcius Logistics Solutions has raised $27.2M across 5 funding rounds.
Celcius Logistics Solutions has raised $27.2M in total across 5 funding rounds.
Celcius is India's largest online cold chain network, specializing in the transportation and storage of perishable goods through a technology-driven platform that connects shippers and transporters.
Celcius Logistics Solutions is India's first asset-light cold chain marketplace, operating a web and app-based SaaS platform that connects the entire cold chain network online, including matching consignors with transporters, optimizing reefer trucking, and allocating cold storage resources.[1][4] The company provides technology-driven end-to-end refrigerated transportation and warehousing for temperature-sensitive goods in industries like food, pharmaceuticals, and agriculture, using advanced monitoring, real-time tracking, and sustainability-focused solutions to reduce spoilage and boost efficiency.[2][3]
Founded in 2020 and headquartered in Navi Mumbai, Maharashtra, Celcius serves manufacturers of perishable products and transporters, solving fragmentation in cold chain logistics through hyperlocal delivery and nationwide scalability; it achieved revenue generation from month one, registered over 2,000 reefer vehicles by 2021, and secured Series B funding in May 2025 from investors like DCG Tech and Xindus, signaling strong growth momentum.[2][3][5]
Celcius Logistics Solutions Pvt Ltd was founded in 2020 in Maharashtra, India, as an online marketplace for cold chain solutions, co-founded by a team that conceptualized the platform during the COVID-19 lockdown when software development finalized but company registration waited until restrictions lifted in August 2020.[4][5] The idea emerged to address inefficiencies in India's fragmented cold chain, particularly for perishable goods, by creating an asset-light aggregator for reefer logistics and cold storage warehousing.[1][5]
Early traction was rapid: revenue-generating from month one post-incorporation, it raised seed funding in March 2021 to expand team and geography, hit a milestone with over 2,000 reefer vehicles registered and INR 3.5 Cr monthly enquiries by mid-2021, and joined the LUMIS Partners Cohort 2021 accelerator for supply chain mentorship.[5] This bootstrapped-to-funded path highlights resilient execution amid pandemic challenges, evolving from a lockdown idea to a growth-stage logistics player.[3][5]
Celcius rides the cold chain digitization trend in India's booming perishable goods market, fueled by rising e-grocery, pharma exports, and agriculture demand amid post-pandemic supply chain disruptions.[1][2] Timing aligns with government pushes for agri-logistics infrastructure and SME globalization, where fragmented trucking (90%+ unorganized) meets tech enablement via SaaS platforms.[5]
Market forces like urbanization, 10-15% annual food/pharma logistics growth, and sustainability mandates favor Celcius, as real-time tech tackles 20-30% spoilage rates in traditional chains.[2][3] It influences the ecosystem by onboarding thousands of vehicles, enabling nationwide efficiency for underserved SMEs, and attracting VC interest (e.g., Series B 2025), accelerating India's $200B+ logistics sector toward organized, tech-led models.[2][5]
Celcius is poised for hypergrowth, leveraging Series B capital to expand beyond reefer trucking into AI-optimized warehousing and cross-border cold chains, potentially capturing 5-10% of India's underserved market.[2][5] Trends like EV reefers, blockchain traceability, and export booms (e.g., via partners like Xindus) will shape its path, amplifying impact in a sector ripe for consolidation.[2]
Its influence may evolve from niche aggregator to full-stack platform, powering ecosystem players and setting digitization benchmarks—echoing how it turned a lockdown idea into India's cold chain pioneer.[1][5]
Celcius Logistics Solutions has raised $27.2M in total across 5 funding rounds.
Celcius Logistics Solutions's investors include Nandini Mansinghka, Mumbai Angels, Endurance Capital, Huddle, Keiretsu Forum, Lumis Partners, Venture Catalysts, True Global Ventures.
Celcius Logistics Solutions has raised $27.2M across 5 funding rounds. Most recently, it raised $5.7M Other Equity in August 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 12, 2025 | $5.7M Other Equity | ||
| May 16, 2024 | $4.8M Pre-Series B | ||
| Apr 12, 2023 | $12.0M Series A | Nandini Mansinghka | |
| Apr 22, 2022 | $4.5M Other Equity | Mumbai Angels | Endurance Capital, Huddle, Keiretsu Forum, Lumis Partners, Venture Catalysts |
| May 1, 2021 | $250K Seed | True Global Ventures |