- Citrus Freight raised Rs 2.5 crore in a bridge funding round, bringing its total funding to Rs 5.25 crore.
- The company aims to move 1,500 containers and generate Rs 45 crore in revenue over the next 12 to 24 months.
Bengaluru-based logistics tech startup Citrus Freight has raised Rs 2.5 crore in a bridge funding round led by Caret Capital, Indigram Labs Foundation, and other strategic investors. This brings the startup's total funding to Rs 5.25 crore.
Founded in 2016 by Biplob Barik and Ricky Goyal, Citrus Freight provides a mobile-first digital platform that streamlines the booking of refrigerated containers for Indian exporters.
The platform offers end-to-end services such as customs clearance, surface transport, and real-time temperature tracking, specifically catering to exporters of perishable goods like fruits, vegetables, meat, seafood, and flowers.
Targeting primarily small and medium-sized enterprises (SMEs) in the agricultural export space, the company aims to level the playing field for Indian producers in global markets.
The startup claims it has cut booking times from 72 hours to 10 minutes, reducing spoilage and expanding client market reach by over 40%.
With the latest infusion of funds, Citrus Freight plans to expand its team and upgrade its digital infrastructure.
The focus will be on enhancing analytics capabilities and improving the temperature tracking layer, a critical component for transporting temperature-sensitive goods.
“Our platform has been instrumental in solving export inefficiencies for Indian SMEs,” the company said in a statement.
Citrus Freight currently supports shipments to destinations in Europe, the Middle East, and Southeast Asia, offering exporters tools like predictive analytics, compliance workflows, and remote temperature monitoring via a unified dashboard.
The company now aims to move 1,500 containers and achieve Rs 45 crore in revenue over the next 12 to 24 months.
Edited by Annette George
