Three logistics startups receive investment from GetVantage
Three startups, Fitsol, Ohm Logistics, and Celcius Logistics, each received Rs 1.8 crore in growth capital from GetVantage, an embedded finance and working capital platform that has entered the logistics industry.
Among other NBFC partners, GetVantage finances these investments through its licensed NBFC, GetGrowth Capital, and its AIF Venture Finance Fund in collaboration with Varanium Capital.
GetVantage said in a press release that the funding will help Celcius, Ohm, and Fitsol expand their operations and meet working capital needs to meet the growing demand from companies in a variety of industries.
Swarup Bose founded Celcius Logistics with the goal of using technology to improve cold chain logistics’ dependability and efficiency. The platform aims to establish a strong ecosystem that guarantees the timely and safe delivery of perishables, medications, and other temperature-sensitive goods across the nation.
Fitsol, a decarbonization partner for manufacturing companies, was founded in 2022 by Anand Pathak with the goal of removing 1 billion tons of CO2 from the supply chain. It provides a carbon management platform driven by AI that facilitates the measurement, reporting, and gathering of carbon footprints in a variety of industries.
Over 1,500 SMEs and startups have been funded by GetVantage, which was co-founded in 2019 by Bhavik Vasa and Amit Srivastava. It enables data-driven investments from Rs 2 lakhs to Rs 20 crore. The platform offers a variety of non-dilutive working capital solutions for businesses in a variety of industries, such as cloud kitchens, edtech, B2B SaaS, eCommerce, D2C, and others, for marketing, inventory, logistics, and other ongoing operating costs. Prominent Japanese and Indian investors, such as InCred Capital, Sony, DI Japan, DMI Fund, and Chirate Ventures, support the business.