Cold chain aggregator Celcius Logistics raises Rs 250 crore in equity, debt

Share via:


Celcius Logistics, an aggregator of cold chains in India, has raised Rs 250 crore in a funding round co-led by global investment firm Eurazeo and impact venture capital firm Omnivore.The round, which comprised a mix of equity and debt, also saw participation from existing investor IvyCap Ventures and debt partners including Trifecta Capital, Lighthouse Canton, BlackSoil, UCIC and GetVantage.

The company plans to use the proceeds to expand its network to more than 1,000 cities in India from the current 600 by the end of this financial year and enhance…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Cold chain aggregator Celcius Logistics raises Rs 250 crore in equity, debt


Celcius Logistics, an aggregator of cold chains in India, has raised Rs 250 crore in a funding round co-led by global investment firm Eurazeo and impact venture capital firm Omnivore.The round, which comprised a mix of equity and debt, also saw participation from existing investor IvyCap Ventures and debt partners including Trifecta Capital, Lighthouse Canton, BlackSoil, UCIC and GetVantage.

The company plans to use the proceeds to expand its network to more than 1,000 cities in India from the current 600 by the end of this financial year and enhance…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

The Apple iPhone 17 Pro Keeps Cool While Playing...

The iPhone 17 Pro is the best phone Apple...

My Antigravity A1 Review: What I Learned Testing the...

Most drones ship with a remote control that uses...

Popular