SUMMARY
- GetVantage has invested Rs 5.4 crore in three logistics startups—Celcius Logistics, Ohm Logistics, and Fitsol—each receiving Rs 1.8 crore.
- Investments will help enhance cold chain logistics, decarbonization efforts, and more.
- GetVantage continues to expand its impact on SMEs with non-dilutive funding solutions.
Embedded finance and working capital platform GetVantage has made significant strides in the logistics sector by investing a total of Rs 5.4 crore in three emerging startups: Celcius Logistics, Ohm Logistics, and Fitsol. Each company has received Rs 1.8 crore in growth capital to scale their operations and meet increasing demand across various sectors.
The funding was facilitated through GetVantage’s licensed Non-Banking Financial Company (NBFC), GetGrowth Capital, and its Alternative Investment Fund (AIF) Venture Finance Fund, in partnership with Varanium Capital and other NBFC partners.
Celcius Logistics, co-founded by Swarup Bose, focuses on enhancing the efficiency and reliability of cold chain logistics through innovative technology. Their goal is to create a robust ecosystem that ensures the safe and timely delivery of temperature-sensitive goods, such as food and pharmaceuticals, across the country.
Fitsol, founded in 2022 by Anand Pathak, serves as a decarbonization partner for manufacturing companies. The startup aims to reduce 1 billion tons of CO2 emissions from supply chains using an AI-powered carbon management platform, which assists businesses in collecting, measuring, and reporting their carbon footprints.
Ohm Logistics is another player in this investment round, although specific details about their operations were not disclosed. GetVantage, co-founded by Bhavik Vasa and Amit Srivastava in 2019, has established itself as a key player in providing data-driven investments ranging from Rs 2 lakhs to Rs 20 crore. The platform has funded over 1,500 SMEs and startups across sectors like eCommerce, edtech, and D2C.
GetVantage’s commitment to providing non-dilutive working capital solutions for operational expenses, marketing, and logistics is expected to benefit these startups significantly as they aim to address the growing demands of the logistics industry.
