India, May 6 -- Mumbai-based startup Celcius Logistics has closed its oversubscribed Series B round,raising a substantial amount of Rs 250 crore through a combination of equity investment, debt financing, and secondary transactions.

Leading equity investors Eurazeo and Omnivore co-led the round, which saw participation from existing investors IvyCap Ventures, along with debt partners including Trifecta Capital, Lighthouse Canton, BlackSoil, UCIC, and GetVantage, among others.

Celcius Logistics' proprietary tech solutions address critical industry needs, such as food safety, temperature control, and end-to-end monitoring of sensitive shipments, all while reducing wastage and maintaining quality.

This funding will help the company expand...