Indicold Secures Funding Boost to Elevate Cold Chain Solutions

• ByStartupStory     |    March 14, 2024

Indicold, a pioneering B2B supply chain startup, has secured significant backing from Fundalogical Ventures, a venture capital firm renowned for its sector-agnostic approach. This investment, a milestone for Fundalogical Ventures, underscores its commitment to fostering innovation and growth across diverse industries.

Niharika Jalan and Kartik Jalan, the visionary minds behind Indicold, founded the company in 2019 with a mission to revolutionize cold chain logistics. Their steadfast dedication to efficiency and innovation has propelled Indicold to the forefront of the industry.

“We are thrilled to embark on this transformative journey with Fundalogical Ventures,” remarked Kartik Jalan, co-founder of Indicold. “This strategic partnership will empower us to further enhance our technological capabilities and expand our footprint, enabling us to better serve our clients and drive positive change in the cold chain ecosystem.”

Indicold’s commitment to excellence is exemplified by its ambitious plans to establish India’s first frozen Automatic Storage and Retrieval System – High Bay Warehouse in Gujarat. With a capacity exceeding 7,000 pallets, this groundbreaking facility will set new benchmarks in automation and supply chain efficiency.

Moreover, Indicold’s unwavering focus on sustainability and innovation is evident in its implementation of state-of-the-art automation, harnessing the power of AI and ML to optimize operations and minimize environmental impact.

“Our partnership with Fundalogical will accelerate our efforts in this direction,” Kartik Jalan affirmed.

Indicold’s impressive client portfolio spans across renowned names in the food and beverage and FMCG industries, including Amul, Unilever, Britannia, Zomato, Jubilant Foodworks, Theobroma, and Baskin Robbins.

Ratna Mehta, CEO and Managing Partner of Fundalogical Ventures, expressed confidence in Indicold’s potential to drive meaningful change in the cold chain logistics landscape. “With the country’s rapidly expanding demand for efficient cold logistics solutions, we see immense potential for growth in this sector,” Mehta stated. “Indicold’s visionary founders and innovative operations will bring value-added propositions to their customers.”

This strategic investment comes at a pivotal moment for Indicold, as it gears up to capitalize on the burgeoning demand for reliable cold chain solutions in India and beyond. With its innovative approach and unwavering commitment to excellence, Indicold is poised to redefine the future of cold chain logistics.

In a related development, last year witnessed another significant milestone in the cold chain logistics sector, as Celcius secured INR 100 Cr in Series A funding led by IvyCap Ventures.

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