Indicold, a tech-enabled cold supply chain company, has secured investment from Fundalogical Ventures (FLV) in its Pre-Series A funding round, marking FLV’s first investment.
The newly acquired funds will be used to focus on tech development, expanding into new geographies, and building a strong team.
Established in 2019 by Niharika Jalan & Kartik Jalan, Indicold is dedicated to constructing a sustainable cold supply chain network tailored for the future. As a comprehensive B2B solution provider in environment-controlled logistics, it ensures swift turnaround times, optimal asset utilization, and decreased operational expenses. Indicold operates through three core verticals: Store, Move, and Prepare, covering essential aspects of the cold supply chain. Leveraging extensive knowledge and experience within India’s cold chain industry, the company has curated a prestigious clientele that includes industry giants such as Amul, Unilever, Britannia, Zomato, Jubilant Foodworks, Theobroma, Baskin Robbins, and more
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Niharika Jalan, Co-founder CGO, Indicold, says, “We are excited to partner with Fundalogical Ventures in our journey going forward. The ethos of both Indicold and Fundalogical are growth, innovation and sustainability.
Kartik Jalan, Co-founder CEO, Indicold, adds, “Indicold is implementing state of the art automation in cold chain leveraging Deep Tech, AI, and ML with emphasis on sustainability. Our partnership with Fundalogical will accelerate our efforts in this direction.”
Commenting on the investment, Tushar Jani, Sponsor, Fundalogical Ventures, “With the country’s rapidly expanding demand for efficient cold logistics solutions, we see immense potential for growth in this sector. With huge losses in storage and transportation of temperature-controlled food supply chains, Indicold’s visionary founders and innovative operations will bring value-added propositions to their customers.”
Ratna Mehta, CEO & Managing Partner, Fundalogical Ventures says, “We believe that the next decade is going to see a lot of innovation in the supply chain space to support the consumption and manufacturing growth in India. We are excited to partner with Indicold which is building a disruptive platform for cold supply chain solutions.”
Indicold is setting up India’s first frozen Automatic Storage and Retrieval System – a High Bay Warehouse with over 7,000 pallets in Gujarat. This initiative aims to establish new benchmarks in automation and supply chain solutions within India. Additionally, the company has ambitious plans to extend its presence across multiple states, catering to clients spanning diverse industries by offering comprehensive cold chain solutions. Notably, over the past 12 months, the company has witnessed a remarkable threefold year-on-year growth.
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