About Indicold
Indicold is a Transportation, Automotive & Logistics company based in Delhi (India) founded in 2019 by Kartik Jalan and Niharika Jalan. End-to-end cold supply chain and warehouse logistics services are provided. Indicold has raised $1.21 million across 1 funding round from investors including Fundalogical Ventures. The company has 34 employees. Indicold was last valued at $5.43 million in February 2024. Its chief executive, as recorded, is Kartik Jalan. Its Indian entity Indicold Private Limited reported revenue of ₹39.00 Cr. Indicold offers products and services including Storage Solutions, Integrated Solutions, and Strategic Solutions. Its focus areas include Transportation and Logistics, Cold Chain Logistics, Integrated and Horizontal. Its competitors include Stellar Value Chain, Snowman Logistics and CONCOR; 2 of its 3 listed competitors have raised funding.
Company details
Founded in 2019 and based in Delhi, India, temperature-controlled warehousing, storage, and integrated logistics solutions are offered by Indicold for the food, pharmaceutical, and other industries. Value-added services such as labeling, kitting, and repacking are included, along with engagement modes for storing, moving, or preparing goods. Customers access these through a dedicated online platform. Operations focus on strategic supply chain management across various sectors.
- Headquarters Delhi, India
- Employees 34
- Founders Kartik Jalan, Niharika Jalan
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website indicold.in
- Social LinkedIn X Facebook Instagram
- Legal Name Indicold Private Limited
- Date of Incorporation 13 Nov, 2019
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹39.00 Cr
FY 2024 · +227% YoY
- Net Profit₹15.9 Lakh
FY 2024 · 0% margin
- EBITDA₹63.9 Lakh
FY 2024 · 2% margin
- Total Equity Funding$1.21M (USD)
in 1 rounds
- Latest Funding Round$1.21M (USD), Seed
Feb 2024
- Investors
- Employee Count34
Associated legal entities of Indicold
Indicold operates through Indicold Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Indicold Private Limited CIN U74999DL2019PTC357379 | Active | 13 Nov 2019 | New Delhi, Delhi | ₹39.0 Cr | 34 | 2 | View details |
Products & Services of Indicold
Indicold offers a comprehensive portfolio of products and services, including Storage Solutions, Integrated Solutions, and Strategic Solutions.
Temperature-controlled storage for food and pharma products
Refrigerated transport services for perishable goods
Clearing, forwarding, and planning for cold chain operations
Funding Insights of Indicold
Indicold has successfully raised a total of $1.21M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.21 million completed in February 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 $1.21M
- Total Rounds 1
- Last Round Seed — $1.21M
- First Round $1.21M
(Feb 2024)
- Investors Count 1
All 1 funding rounds of Indicold with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2024 | $1.21M | Seed | $5.43M | Fundalogical Ventures | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2024 | $5.43M | •••••••• |
Last known valuation $5.43M (Feb 2024). 1 investors in total: 1 institutional.
Investors in Indicold
Indicold has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Fundalogical Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Fundalogical Ventures is focused on early growth investments in supply chain and logistics sectors in India. | fundalogical.com | India |
Investor details for Indicold
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Board of directors of Indicold Private Limited (Indicold)
Indicold Private Limited is the primary company behind Indicold. The board of Indicold Private Limited currently have 2 directors; the longest-serving is Niharika Jalan, appointed in 2019. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Niharika Jalan DIN 02626181 | Director | 13 Nov 2019 | 7 yrs | Indicold Private Limited |
| Kartik Jalan DIN 02830749 | Managing Director | 13 Nov 2019 | 7 yrs | Indicold Private Limited |
People of Indicold
4 people are tracked at Indicold (3 in leadership, 1 in team); the tracked headcount is 34.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
Meenal Markan | VP Brand & Marketing | Leadership |
Amit Sharma | Business Leader | Team |
Complete people profiles for Indicold
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Financials of Indicold
Figures of Indicold Private Limited, the primary company behind Indicold, for FY 2024. Revenue was ₹39.00 Cr (+227% year on year). Net profit was ₹15.9 Lakh (0% margin). EBITDA was ₹63.9 Lakh (2% margin). Revenue has grown at a compounded annual rate of +207% over three years.
- ₹39.00 CrRevenue · FY 2024 · +227% YoY
- ₹15.9 LakhNet profit · 0% margin
- ₹63.9 LakhEBITDA · 2% margin
- ₹9.6 LakhPaid-up capital
- 34Employees (provident fund records)
- +207%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Indicold Private Limited are on its company page.
Detailed financial statements for Indicold
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Timeline of Indicold
3 dated milestones of Indicold across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Indicold is founded.
- Funding First funding round of $1.2M.
- Milestone Reaches Minicorn status.
Competitors of Indicold
Indicold has 3 listed competitors in our database, 2 of them funded. They include Stellar Value Chain, Snowman Logistics and CONCOR.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| stellarvaluechain.com | 2016 | Mumbai, India | $125M | 839 | Provider of warehousing, cold & supply chain management, and LTL transportation services | |
| snowman.in | 1993 | Delhi, India | $10.4M | 535 | Integrated temperature-controlled logistics services are provided for sensitive products. | |
| concorindia.co.in | 1988 | Delhi, India | Inland container transport by rail and port management are provided. |
Detailed competitors of Indicold
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Top companies in Supply Chain Services
2 companies that operate in the same segment as Indicold (Supply Chain Services) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Sustainable supply chain solutions are delivered via asset pooling. | 2013 | Mumbai, Maharashtra, India | USD 214.47 M | USD 30.93 M | 246 | |
Integrated supply chain and mobility solutions are provided globally. | 2009 | Mumbai, Maharashtra, India | USD 33.05 M | USD 745.97 M | 227 |
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Related news about Indicold
Complete news archive for Indicold
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Frequently Asked Questions about Indicold
Indicold was founded in 2019 and raised its 1st funding round 5 years after it was founded.
Indicold is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Kartik Jalan is the CEO of Indicold, as recorded in our data. They have also founded this company.
Indicold is a funded company, having raised a total of $1.21M across 1 funding round to date. The company's 1st funding round was a Seed of $1.21M, raised on Feb 2024.
Indicold has 34 employees.
The primary company behind Indicold, Indicold Private Limited, reported revenue of ₹39.00 Cr for FY 2024, up 227% year on year.
Founded in 2019 and based in Delhi, India, temperature-controlled warehousing, storage, and integrated logistics solutions are offered by Indicold for the food, pharmaceutical, and other industries. Value-added services such as labeling, kitting, and repacking are included, along with engagement modes for storing, moving, or preparing goods. Customers access these through a dedicated online platform. Operations focus on strategic supply chain management across various sectors.
Indicold's top competitors include Snowman Logistics, CONCOR and Stellar Value Chain.
Indicold offers Storage Solutions, Integrated Solutions, and Strategic Solutions.
Indicold has 1 investor. Key investors include Fundalogical Ventures.
The valuation of Indicold is $5.43M as of Feb 2024.
Indicold operates through Indicold Private Limited.