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Reefer container shipping platform Citrus Freight raises Rs 2.5 crore in a bridge funding round

  • Bengaluru-based Citrus Freight, a logistics tech startup, raised Rs 2.5 crore in a bridge funding round from Caret Capital and other investors.
  • The funding will be used to expand the team and enhance digital infrastructure, bringing the total funding to Rs 5.25 crore.
  • Citrus Freight offers a platform for Indian exporters to book refrigerated containers quickly, focusing on perishable goods like fruits, vegetables, and meat.
  • The startup aims to move 1,500 containers, generating Rs 45 crore in revenue in the coming 12 to 24 months, with plans to improve analytics and temperature tracking capabilities.

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