March 13th, 2024, New Delhi: Fundalogical Ventures (FLV), an early growth investment fund, proudly announces its maiden investment in Indicold, a tech-enabled cold supply chain company, marking a significant milestone in FLV’s journey. The investment, made during Indicold’s Pre-Series A round, reflects FLV’s commitment to fostering innovation and growth in high-potential sectors.
Backed by esteemed sponsors such as Mr. Krishna Kotak, Mr. Tushar Jani, Mr. Mehernosh Currawalla, Mr. Khalid Vohra, and Mr. Suryakant Parekh, Fundalogical Ventures operates at the intersection of early growth, bridging the gap between venture capital and private equity. Focusing on dynamic sectors like Supply Chain and Logistics, FLV seeks to identify and nurture innovative companies poised for rapid expansion.
Commenting on the investment, Mr. Tushar Jani, Sponsor at Fundalogical Ventures, emphasizes the immense growth potential of efficient cold logistics solutions in India. He expresses confidence in Indicold’s visionary founders and their ability to deliver value-added propositions to customers in the evolving market landscape.
Ratna Mehta, CEO & Managing Partner at Fundalogical Ventures, underscores the pivotal role of innovation in shaping the future of supply chain solutions. She highlights FLV’s excitement to collaborate with Indicold, recognizing the company’s disruptive approach to cold supply chain management.
Established in 2019, Indicold is dedicated to building a sustainable and future-ready cold supply chain network. Through its comprehensive B2B solutions encompassing storage, transportation, and preparation, Indicold caters to a diverse clientele including industry leaders like Amul, Unilever, Britannia, and Zomato.
Niharika Jalan, Co-founder CGO at Indicold, expresses enthusiasm about the partnership with Fundalogical Ventures, emphasizing shared values of growth, innovation, and sustainability. Kartik Jalan, Co-founder CEO at Indicold, underscores the company’s focus on state-of-the-art automation and sustainability-driven initiatives, with plans to revolutionize India’s cold chain landscape.
Indicold’s ambitious initiatives include the establishment of India’s first frozen Automatic Storage and Retrieval System – High Bay Warehouse in Gujarat, aimed at setting new standards in automation and supply chain solutions. Additionally, the company plans to expand its presence across states and industries, leveraging its technological prowess and industry expertise.
In the past 12 months, Indicold has demonstrated remarkable growth, achieving a threefold increase year-on-year, reaffirming its position as a leader in the cold supply chain sector. With FLV’s strategic investment and partnership, Indicold is poised for accelerated growth and continued innovation in the years to come.
