About Coldex
Coldex is a company based in Delhi (India) founded in 1999 by Gaurav Jain was acquired by Asia Climate Partners in February 2016.. Coldex has raised $22 million across 6 funding rounds from investors including Duane Ventures, Sabre Partners India and Duane Park. The company has 125 employees as of October 31, 2024. Coldex operates in a competitive market with competitors including Lineage, Radhakrishna Foodland, Culina Group, Red Sky and Congebec, among others.
- Headquarter Delhi, India
- Employees 125 as on 31 Oct, 2024
- Founders Gaurav Jain
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$113.31 M (USD)30as on Mar 31, 2024
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Net Profit
$234.74 K (USD)448as on Mar 31, 2024
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EBITDA
$2.11 M (USD)58as on Mar 31, 2024
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Total Equity Funding
$22 M (USD)
in 6 rounds
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Latest Funding Round
$1.2 M (USD), Series A
Jun 15, 2024
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Investors
Duane Ventures
& 7 more
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Employee Count
125
as on Oct 31, 2024
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Acquired by
Asia Climate Partners
(Feb 23, 2016)
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Funding Insights of Coldex
Coldex has successfully raised a total of $22M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $1.2 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series A — $1.2M
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First Round
First Round
(29 Nov 2010)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series A - Coldex | Valuation | Duane Park |
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| Jan, 2022 | Amount | Series A - Coldex | Valuation | Duane Park |
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| Oct, 2021 | Amount | Series A - Coldex | Valuation | Duane Park |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Coldex
Coldex has secured backing from 8 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Duane Ventures, Sabre Partners India and Duane Park. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Duane Ventures is engaged in startup investment activities.
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Founded Year | Domain | Location | |
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Private equity investments in financial services, fintech, healthcare, and healthtech sectors in India.
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Founded Year | Domain | Location | |
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Private equity investments in India are managed by the firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Coldex
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Coldex
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Coldex Comparisons
Competitors of Coldex
Coldex operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Lineage, Radhakrishna Foodland, Culina Group, Red Sky and Congebec, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Lineage is recognized as a leader in cold storage and logistics solutions.
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| domain | founded_year | HQ Location |
Tech-enabled cold supply chain solutions and logistics services are provided.
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| domain | founded_year | HQ Location |
Temperature-controlled warehousing, packaging, and transportation services are provided.
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| domain | founded_year | HQ Location |
Cloud-based supply chain software for enterprise freight tracking is provided.
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| domain | founded_year | HQ Location |
Supply chain solutions are offered to the foodservice industry.
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| domain | founded_year | HQ Location |
Provider of freight forwarding, warehousing, packaging, and transportation solutions for agribusinesses and farmers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Coldex
Frequently Asked Questions about Coldex
When was Coldex founded?
Coldex was founded in 1999 and raised its 1st funding round 11 years after it was founded.
Where is Coldex located?
Coldex is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Is Coldex a funded company?
Coldex is a funded company, having raised a total of $22M across 6 funding rounds to date. The company's 1st funding round was a Series A of $667.24K, raised on Nov 29, 2010.
How many employees does Coldex have?
As of Oct 31, 2024, the latest employee count at Coldex is 125.
What is the annual revenue of Coldex?
Annual revenue of Coldex is $113.31M as on Mar 31, 2024.
What does Coldex do?
Coldex was founded in 1999 and is based in Delhi, India. Operations focus on the temperature-controlled logistics sector, where cold chain transportation, secondary and tertiary distribution, freight management, supply chain solutions, and storage services are offered. These activities support distribution and trucking needs across various supply chain requirements in the region.
Who are the top competitors of Coldex?
Coldex's top competitors include Lineage, Radhakrishna Foodland and Culina Group.
Who are Coldex's investors?
Coldex has 8 investors. Key investors include Duane Ventures, Sabre Partners India, Duane Park, India Equity Partners, and Feedbridge Equity.
What is Coldex's valuation?
The valuation of Coldex is $62.89M as of Jun 2024.