Cold Chain Logistics to Grow by Over 20% CAGR by 2025
The national cold chain sector is expected to grow at over 20 percent CAGR by 2025, according to a recent report from JLL, due to its transformation from conventional cold storage to modern storage space.
The estimates are based on the sector’s performance over the past few months, where despite the post-Covid economic impediments; the organised cold chain segment has seen significant growth in country-wide footprint. According to JLL, there is an opportunity for organised cold storage / palettized cold storage in Tier-I cities like Mumbai, Delhi NCR, Bengaluru, Chennai, Pune, Kolkata, Hyderabad as well as Tier-II cities like Lucknow, Kanpur, Ranchi, Patna, Bhubaneswar, Goa, Aurangabad, Ahmedabad, Kochi, and Coimbatore. An additional 1.5 lakh to 2 lakh pallet capacity (frozen and chilled) may be added as part of temperature-controlled storage space in the next two to three years.
Cold chain refers to the transportation and warehousing of temperature-sensitive products from the point of origin to the point of consumption, which increases shelf life and prevents spoilage.
Cold-Chain Marketplace Celcius Raises Undisclosed Amount in Seed Funding Round
Cold-chain marketplace startup, Celcius, has received an undisclosed amount as seed funding in a round led by Mumbai based Eaglewings Ventures Alliance Network (EVAN), Venture Capital & Private Equity firms MaGEHold, Keiretsu Forum and other investors.
The six-month old startup was founded by Swarup Bose along with co-founders, Rajneesh Raman, and Arbind Jain in November 2020 with a vision to bridge the gap between shippers and transporters across the country by effectively utilising the existing infrastructure. The Celcius platform serves as a unique aggregator platform that offers solutions for both Reefer logistics and cold storage warehousing.
Unofin launches Uno Covid Corridor to Help Patients Find Beds in Hospitals
The healthcare fintech startup, Unofin has launched ‘Uno Covid Corridor’ – an initiative to assist those looking for oxygen beds across its network of 550+ partner hospitals in Delhi NCR, Jaipur and Chandigarh. With a mission to save 1000+ lives and assist 5000+ patients, the company is providing free tele-consultation along with an option to finance out of pocket healthcare expense in no cost pay later options. People can call at 8955 8955 89 to check hospital bed availability in Uno partner network or to book free COVID tele-consulation.
