About Koolex
Koolex is a Transportation, Automotive & Logistics company based in Mumbai (India) founded in 2000. Cold chain logistics and pharmaceutical distribution services are provided. Koolex has raised $3.52 million across 2 funding rounds from investors including Tata Motors Finance. The company has 24 employees. Koolex was last valued at $21.83 million in January 2019. Its Indian entity Kool - Ex Cold Chain Limited reported revenue of ₹58.34 Cr. Koolex offers products and services including Temp Controlled Transportation, Warehousing, Passive Kool Boxes, Pharma Blockchain, and Ambient Transportation. Its focus areas include Transportation and Logistics, Cold Chain Logistics, Integrated and Horizontal. Its competitors include Stellar Value Chain, Snowman Logistics and Indicold; 3 of its 3 listed competitors have raised funding.
Company details
Koolex was founded in 2000 in Mumbai, India, within the logistics sector. Integrated cold chain solutions for pharmaceuticals are offered, including temperature-controlled transportation, warehousing, and passive packaging. Blockchain technology is utilized for end-to-end product traceability. Additional operations cover express parcel delivery and specialized trucking for high-value cargo. A network of warehouses and dedicated fleet supports delivery in underserved areas.
- Headquarters Mumbai, India
- Employees 24
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website kool-ex.com
- Social LinkedIn X Facebook Instagram
- Legal Name Kool - Ex Cold Chain Limited
- Date of Incorporation 11 Jan, 2000
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹58.34 Cr
FY 2024 · -15% YoY
- Net Loss-₹16.09 Cr
FY 2024 · -28% margin
- EBITDA₹2.79 Cr
FY 2024 · 5% margin
- Total Equity Funding$3.52M (USD)
in 2 rounds
- Investors
- Employee Count24
Associated legal entities of Koolex
Koolex operates through Kool - Ex Cold Chain 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 |
|---|---|---|---|---|---|---|---|
| Kool - Ex Cold Chain Limited CIN U72100MH2000PLC123577 | Active | 11 Jan 2000 | Mumbai, Maharashtra | ₹58.3 Cr | 24 | 3 | View details |
Products & Services of Koolex
Koolex offers a comprehensive portfolio of products and services, including Temp Controlled Transportation, Warehousing, Passive Kool Boxes, Pharma Blockchain, and Ambient Transportation.
Services for transporting temperature-sensitive pharmaceuticals safely.
Secure storage solutions for pharma and perishable goods.
Packaging for maintaining product temperature during transit.
Blockchain platform for end-to-end traceability of pharma products.
Non-temperature-controlled transport for general goods.
Funding Insights of Koolex
Koolex has successfully raised a total of $3.52M across 2 strategic funding rounds. 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 $3.52M
- Total Rounds 2
- First Round $3.52M
(Jan 2019)
- Investors Count 1
All 2 funding rounds of Koolex 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 2019 | Debt – Conventional | – | – | – | |
| Jan 2019 | $3.52M | Series A | $21.83M | Tata Motors Finance | – |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2019 | $21.83M | •••••••• |
Last known valuation $21.83M (Jan 2019). 1 investors in total: 1 institutional.
Investors in Koolex
Koolex has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Tata Motors Finance.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Auto loans and financing services are provided in India. | 2003 | tmf.co.in | Mumbai, India |
Investor details for Koolex
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- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Kool - Ex Cold Chain Limited (Koolex)
Kool - Ex Cold Chain Limited is the primary company behind Koolex. The board of Kool - Ex Cold Chain Limited currently have 3 directors; the longest-serving is Kunal Subash Agarwal, appointed in 2000. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kunal Subash Agarwal DIN 00274614 | Director | 11 Jan 2000 | 26 yrs 10 mo | Kool - Ex Cold Chain Limited |
| Rahul Subhashchader Agarwal DIN 00274377 | Director | 11 Jan 2000 | 26 yrs 10 mo | Kool - Ex Cold Chain Limited |
| Sarika Rahul Agarwal DIN 00274500 | Director | 19 Sep 2014 | 12 yrs 1 mo | Kool - Ex Cold Chain Limited |
Financials of Koolex
Figures of Kool - Ex Cold Chain Limited, the primary company behind Koolex, for FY 2024. Revenue was ₹58.34 Cr (-15% year on year). Net loss was -₹16.09 Cr (-28% margin). EBITDA was ₹2.79 Cr (5% margin). Revenue has grown at a compounded annual rate of -8% over three years and -1% over five years.
- ₹58.34 CrRevenue · FY 2024 · -15% YoY
- -₹16.09 CrNet loss · -28% margin
- ₹2.79 CrEBITDA · 5% margin
- ₹3.40 CrPaid-up capital
- 24Employees (provident fund records)
- -8%Revenue CAGR, 3 years
- -1%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Kool - Ex Cold Chain Limited are on its company page.
Detailed financial statements for Koolex
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Timeline of Koolex
4 dated milestones of Koolex across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Koolex is founded.
- Funding First funding round of $3.5M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Debt – Conventional,.
Competitors of Koolex
Koolex has 3 listed competitors in our database, 3 of them funded. They include Stellar Value Chain, Snowman Logistics and Indicold.
| 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. | |
| indicold.in | 2019 | Delhi, India | $1.21M | 86 | End-to-end cold supply chain and warehouse logistics services are provided. |
Detailed competitors of Koolex
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Top companies in Cold Chain Logistics
3 companies that operate in the same segment as Koolex (Cold Chain Logistics) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Integrated temperature-controlled logistics services are provided for sensitive products. | 1993 | Delhi, Delhi, India | USD 10.4 M | USD 64.38 M | 541 | |
Cold chain logistics solutions are booked through an online platform. | 2020 | Navi Mumbai, Maharashtra, India | USD 56.2 M | USD 5.13 M | 182 | |
Provider of cold chain and dry logistics services | 2018 | Mumbai, Maharashtra, India | USD 1.98 M | USD 953.26 K | 58 |
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Frequently Asked Questions about Koolex
Koolex was founded in 2000 and raised its 1st funding round 19 years after it was founded.
Koolex is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Koolex is a funded company, having raised a total of $3.52M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.52M, raised on Jan 2019.
Koolex has 24 employees.
The primary company behind Koolex, Kool - Ex Cold Chain Limited, reported revenue of ₹58.34 Cr for FY 2024, down 15% year on year.
Koolex was founded in 2000 in Mumbai, India, within the logistics sector. Integrated cold chain solutions for pharmaceuticals are offered, including temperature-controlled transportation, warehousing, and passive packaging. Blockchain technology is utilized for end-to-end product traceability. Additional operations cover express parcel delivery and specialized trucking for high-value cargo. A network of warehouses and dedicated fleet supports delivery in underserved areas.
Koolex's top competitors include Snowman Logistics, Stellar Value Chain and Indicold.
Koolex offers Temp Controlled Transportation, Warehousing, Passive Kool Boxes, Pharma Blockchain, and Ambient Transportation.
Koolex has 1 investor. Key investors include Tata Motors Finance.
The valuation of Koolex is $21.83M as of Jan 2019.
Koolex operates through Kool - Ex Cold Chain Limited.
The legal entities of Koolex currently have 3 directors, including Sarika Rahul Agarwal, Kunal Subash Agarwal, Rahul Subhashchader Agarwal.