Fundalogical Ventures (FLV), an early growth investment fund, has made its debut investment in the tech-enabled cold supply chain company, Indicold, during its Pre-Series A funding round.
The investment aims to propel Indicold’s technological development, geographic expansion, and team building efforts.
Backed by prominent figures such as Krishna Kotak of JM Baxi Group, Tushar Jani of Blue Dart, Mehernosh Currawalla of FAK Cargo Dynamics, Khalid Vohra of SAI Shipping, and Suryakant Parekh of Polestar & Parekh Group, FLV operates at the vital intersection of venture capital and private equity.
It focuses on high-growth sectors like supply chain and logistics, as well as related consumption sectors. FLV typically invests ₹20 to 80 Crore as a lead or co-investor in its portfolio companies during their growth stages.
Tushar Jani, a sponsor of FLV, highlighted the significant potential for growth in the cold logistics sector due to the increasing demand for efficient solutions and the substantial losses currently seen in the storage and transportation of temperature-sensitive food supply chains.
Indicold, with its innovative approach and visionary leadership, is well-positioned to offer valuable solutions to this challenge.
Ratna Mehta, CEO & Managing Partner of FLV, expressed enthusiasm for the partnership with Indicold, emphasizing the anticipated innovation in the supply chain space over the next decade to support India’s growing consumption and manufacturing sectors.
Indicold, established in 2019, aims to create a sustainable, future-ready cold supply chain network offering a comprehensive B2B solution for environment-controlled logistics.
It prides itself on efficiency, asset utilization, and reduced operational costs, servicing a notable client base that includes major corporations such as Amul, Unilever, Britannia, Zomato, Jubilant Foodworks, Theobroma, Baskin Robbins, and more.
Co-founders of Indicold, Niharika Jalan and Kartik Jalan, expressed their enthusiasm for the partnership with FLV, emphasizing a shared focus on growth, innovation, and sustainability.
Indicold is in the process of implementing cutting-edge automation in the cold chain by leveraging deep tech, AI, and ML, with a strong focus on sustainability. The collaboration with FLV is set to accelerate these initiatives.
PEVCJournal.com