Celcius Logistics Secures INR 250 Cr for Expansion

• Celcius Logistics has raised INR 250 Cr in a Series B funding round, co-led by Eurazeo and Omnivore, with participation from IvyCap Ventures.
• The funds will be used to expand Celcius' presence in non-metro cities and meet working capital needs for its existing business.
• Founded in 2020, Celcius provides a digital platform for temperature-controlled transportation and storage, serving industries like ecommerce and healthcare.
• The startup plans to increase its network to 1,000 pincodes by 2025, addressing growing demand in tier III & IV markets.
• Celcius operates on an asset-light model, partnering with local entrepreneurs to establish distribution hubs and focusing investments on workforce training.

Source: Inc42