Celcius Logistics

Celcius positions itself as digitizing the fragmented, offline cold-chain trucking market -- matching enterprises with transporters and reshaping trucking infrastructure/payments.

The platform lets transporters book loads and move at capacity, and lets shippers/clients book loads of varying sizes with access to the right truck, at the right time and price, on demand.

Shippers can book food- and pharma-compliant cold storage facilities that have been inspected and certified by Celcius.

Named client relationship; Zepto is cited as a long-term business associate in a client testimonial on Celcius's own site.

Amrapali Foods Ltd used Celcius for a litchi D2C project requiring cold storage and multi-city coordination.

Entrackr names Celcius's client roster spanning quick-commerce, QSR and food-manufacturing brands.

Shippers, transporters and cold-storage partners sign themselves up on the Celcius portal by choosing their category, registering with an email and password, and completing verification before starting business.

Celcius assigns a dedicated operations team to actively monitor shipment tracking and temperature control for each client, on top of self-serve tracking IDs clients can check themselves.

Enterprise clients describe their relationship with Celcius as an ongoing partnership built on defined service levels rather than one-off bookings; a Parag supply-chain manager praised the team's dedication and said he looked forward to a long-lasting association.

Shippers connect to a network of refrigerated-truck transporters spanning 40+ Indian cities via Celcius's platform.

Shippers and transporters book loads and track shipments through Celcius's app; a client cites the app's location and temperature tracking.

Celcius operates a round-the-clock support line for booking and operational assistance.

Celcius runs an online aggregator model that matches enterprises needing refrigerated transport with a network of transporters, positioning itself as India's first such online cold-chain aggregator.

Beyond matching, Celcius operates as an end-to-end service provider handling cold storage, transportation and last-mile delivery for clients directly.

Celcius runs its own policy to help transporters and vendors purchase reefer vehicles and start operating in its network, growing its supply-side fleet capacity.

Celcius runs its own Transport Management System, Warehouse Management System and Inventory Management System to manage temperature-sensitive logistics.

The company operates a large asset-light network of reefer vehicles, cold storage facilities and hyperlocal riders across India.

The Series B round combined equity, debt financing and secondary transactions, with named debt partners.

Eurazeo and Omnivore co-led the Series B round; IvyCap Ventures is a recurring investor across Series A, pre-Series B and Series B.

Celcius earns revenue when enterprise shippers and vendors book its paid cold-storage space, refrigerated transport and last-mile delivery services through its platform.

Celcius's operating revenue from its logistics services grew 113% year-on-year, from ₹42.7 Crore in FY23 to ₹90.9 Crore in FY24.

Celcius's total expenses rose 124% year-on-year to ₹114.0 Crore in FY24, growing faster than its 113% revenue growth and resulting in a net loss of ₹23.1 Crore for the year.

Inc42's FY24 EBITDA estimate of -₹21.7 Crore for Celcius is derived by adjusting its loss before tax for finance costs and depreciation & amortisation, indicating both are line items in its overall cost structure.