A naukri.com initiative
Economic Times
3w
391
Image Credit: Economic Times
GetVantage puts growth capital in logistics firms Celcius Logistics, Ohm Logistics and Fitsol
- Embedded finance fintech platform GetVantage has invested in logistics companies Celsium Logistics, Ohm Logistics and Fitsol as growth capital.
- This funding has arrived to support logistics as it operates at full capacity to meet high demand during the festive season.
- GetVantage funds through its licensed NBFC GetGrowth Capital and its AIF Venture Finance Fund with Varanium Capital, among other partner NBFCs.
- The logistics sector has performed well recently, due to increased needs from local brands and businesses preparing for the festive season.
- This round of financing will enable Celcius, Ohm, and Fitsol to scale their operations and meet working capital requirements to cater to the growing demand from businesses across sectors.
- Swarup Bose, CEO and founder of Celcius Logistics, said the mission is to make cold chain logistics more efficient and reliable through the use of technology.
- India's logistics sector continues to evolve, integrating technology and automation to offer efficient supply chain solutions for domestic and global merchants alike.
- Contributing 13-14% of the national GDP and employing over 22 million people, the logistics sector plays a vital role in the nation’s economy.
- Anand Pathak, Founder of Fitsol, said "Fitsol is a decarbonization partner for manufacturing companies and we want to reduce 1 billion ton of CO2 from the supply chain."
- GetVantage is backing innovative and high revenue-generating companies in the logistics industry as it undergoes a massive transformation to meet soaring market demand.
Read Full Article
23 Likes
For uninterrupted reading, download the app