Celcius

Celcius

App-based cold-chain marketplace connecting shippers and carriers

Founded

2020

Headquarters

Navi Mumbai (India)

Status

Series B

Company Details

Website

Socials

Email

Phone

+91 - 7787878787

Celcius is India’s first and only asset-light cold chain marketplace startup. Operating at the intersection of technology and logistics, Celcius provides an integrated online smart platform that delivers end-to-end cold chain supply solutions for industries such as dairy, pharmaceuticals, fresh agro-produce, and frozen foods. The company’s web and app-based SaaS platform brings together consignors, transporters, and cold storage providers, enabling seamless booking and management of reefer trucking and cold storage resources across India.

Core Products & Services

  • Online Cold Chain Marketplace: A unified digital platform for matching consignors with transporters and allocating cold storage resources nationwide.

  • End-to-End Supply Chain Solutions: Includes transportation, warehousing, last-mile, and hyperlocal delivery services.

  • Network Management: Real-time monitoring and management of cold chain logistics via desktop and mobile applications.

  • Sector Coverage: Serves perishable product sectors such as dairy, pharma, agriculture, and frozen foods.

Business Model & Revenue Streams

  • Marketplace Commissions: Celcius earns commissions on transactions facilitated through its platform, such as booking reefer vehicle loads or cold storage space.

  • Subscription Fees: The company may charge subscription or service fees for premium features or value-added services offered to enterprise clients and frequent users (inferred from SaaS industry standards).

  • Value-Added Services: Revenue from additional logistics solutions like last-mile delivery, hyperlocal distribution, and supply chain analytics.

  • Technology Licensing: Potential revenue from licensing its proprietary technology platform to other logistics or supply chain operators (inferred from SaaS business models).

Primary Revenue Sources

  • Transaction-based commissions from bookings of transportation and cold storage.

  • Service fees for supply chain management, monitoring, and analytics.

  • Potential SaaS subscription fees for advanced platform functionalities.

Customer Segmentation

  • B2B: Manufacturers, distributors, and transporters of perishable goods in sectors like dairy, pharma, agriculture, and frozen foods.

  • SMEs and Large Enterprises: Companies needing scalable, tech-enabled cold chain solutions across India.

Growth Strategy

  • Market Expansion: Rapidly scaling its network of transporters and cold storage partners to cover more regions and industries.

  • Product Innovation: Continuously enhancing its SaaS platform with new features for real-time tracking, analytics, and automation.

  • Strategic Partnerships: Collaborating with industry players and investors to strengthen its service offerings and geographic reach.

  • Asset-Light Scaling: Leveraging its digital platform to grow without heavy investment in physical assets, ensuring agility and operational efficiency.

Conclusion

Celcius is revolutionizing India’s cold chain logistics sector with its asset-light, technology-driven marketplace platform. By connecting consignors, transporters, and cold storage providers in real time, Celcius delivers efficient, transparent, and scalable cold chain solutions for a wide range of perishable goods industries. Its marketplace commissions, value-added services, and SaaS-driven revenue streams position it as a high-growth, disruptive player in the logistics and supply chain sector, offering significant value for investors, researchers, and industry professionals seeking insight into the future of cold chain logistics in India.

Key People

Swarup Bose

Arbind Jain

Rajneesh Raman

Key Metrics

Total Equity Funding

$54.1 Million

No. of Funding Rounds

10

Latest Funding Round

$30 Million, Series B

as of May 6, 2025

Post Money Valuation

$34.3 Million

as of July 31, 2024

Funding Multiple

0.63

as of July 31, 2024

Investors

Mumbai Angels

and 8 more

Employee Count

196

Similar Companies

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Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
May 6, 2025Series B$30 Million---Eurazeo and Omnivore.
October 23, 2024Series A$214.0 K--- GetVantage
May 7, 2024Series A$4.8 Million---IvyCap Ventures Advisors, Mumbai Angels, Caret Capital, Lumis Partners, Z Nation Lab, Vee Pro Star C, Angel List, Ayush Kothari Trust, Aska Equipments, Cosme Matias Menezes, Investtech, Araiya Hotels
April 10, 2023Series A$12.2 Million--- IvyCap Ventures Advisors ,MaGESpire
April 5, 2022Series A $4.5 Million-$2.1 Million-Mumbai Angels, Venture Catalysts, Keiretsu Forum, Supply Chain Labs, Lumis Partners, Z Nation Lab, MaGEHold, Swarnium Multiventures, Endurance Capital, Huddle Ventures , Wellfound, LetsVenture, 10 X Investment, Ayush Kothari Trust, Aska Equipments, Navifour, Akshat Greentech
February 23, 2022AngelUndisclosed$24.5 Million$1.7 Million--
August 4, 2021 Seed $500.0 K$2.5 Million$832.0 K2.4xMumbai Angels, Lumis Partners, Huddle Ventures
May 11, 2021Seed$2.2 Million$19.3 Million$393.0 K50.7x MaGEHold, Keiretsu Forum, Eaglewings Ventures, Huddle Ventures, Kochi Holdings, KiaOra Ventures, Mumbai Angels, Vee Pro Star ,Wellfound, LetsVenture, RCS Advisors, Netgraph, Saujyot Consultancy, Stark Logistics, VAR Enegry & Infra, L and L Law Associates, Skyveil Trade Solutions, Aska Equipments, Lepton Software, Spectrum Trimpex, Investtech, Angel List, Cosme Matias Menezes
April 21, 2021Angel$60.5 K$1.5 Million---

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