Celcius Logistics, a cold chain aggregator in India, has secured Rs 250 crore in a funding round co-led by the global investment firm Eurazeo and the impact venture capital firm Omnivore.

The funding round, which included a combination of equity and debt, also featured involvement from existing investor IvyCap Ventures and debt collaborators such as Trifecta Capital, Lighthouse Canton, BlackSoil, UCIC, and GetVantage.

The firm intends to utilize the funds to grow its network to over 1,000 cities in India from the existing 600 by the conclusion of this financial year and improve the technology infrastructure.

"If you look back 10 years, the cold chain was not a very important part of logistics. Today, the government, investors and the market are all highly conscious of cold chain, sustainability, food security and food safety. There is a strong awareness and willingness to invest in this industry,” says founder and chief executive Swarup Bose.

Swarup says, “The Company will use debt to meet its daily working capital needs, while equity funding is allocated towards expansion. The round also included a five percent secondary component, with early investors having part-sold their stake.”

Established in 2020, the Mumbai-based company links shippers with transporters, providing comprehensive cold-chain solutions that encompass last-mile and hyperlocal deliveries. It operates a system consisting of over 4,000 vehicles and 150 cold storage and distribution centers.

The firm serves clients in industries like e-commerce, fast commerce, pharmaceuticals, dairy, seafood, meat, hospitality, and contemporary retail. Its customers consist of brands such as Blinkit, Zepto, Zomato, Baskin Robbins, Domino’s, and Keventers.

“We have brought in new avenues for cold chain transportation, such as part-load in railways and air cargo. We have also started hyperlocal riders. We are tracking, tracing and maintaining temperature throughout the journey and life cycle of a perishable item,” Swarup says.

“As climate volatility accelerates and global demand for resilient infrastructure grows, there is a critical need for intelligent platforms that drive both decarboxylation and systemic reliability at scale,” said Eurazeo managing director Ernest Xue, who joined Celcius board.

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Jinesh Shah, managing partner at Omnivore says, “Celcius revolutionized cold chain logistics to meet the urgent need for energy-efficient, climate-resilient solutions in a warming world.”