Citrus Freight, India’s first reefer container shipping platform, offering end-to-end solutions for perishable exports, has successfully raised Rs. 2.5 crore in a bridge funding round, taking its total funding to Rs. 5.25 crore to date. The round saw participation from Caret Capital, Indigram Labs Foundation, and a strategic investor from the shipping sector.
The freshly raised capital will be directed towards strengthening the team and scaling Citrus Freight’s technology stack, including enhancements to its mobile-first platform that allows SME exporters to discover, book, and track shipments with real-time temperature visibility, ensuring minimal spoilage and increased export efficiency.
“This bridge round extends our runway as we prepare to raise our Pre-Series A of $1 million. Our goal is to triple our business by expanding services into Madhya Pradesh and Gujarat, while doubling down on India-Gulf trade and unlocking new corridors with China and the Far East. With strategic backing from sector-focused investors and one of the leading players in grape logistics, we are now better placed to scale sustainably and impactfully,” said Biplob Barik, CEO & Co-founder of Citrus Freight.
Caret Capital, the first institutional investor in Citrus Freight, reaffirmed its support in this round. Known for its supply chain thesis, Caret Capital has remained a consistent partner in Citrus Freight’s growth journey. Indigram Labs, deeply embedded in the agribusiness ecosystem, brings valuable domain expertise and will serve as a key strategic advisor.
Additionally, one of the country’s largest shipping companies in the grape export segment, now also an investor, will provide Citrus Freight with significant leverage in experience and logistics infrastructure, opening doors to an expanded client base and operational efficiencies.
“Finding investors who understand the complexities of cross-border cold chain logistics has always been a challenge,” added Barik. “This round is particularly meaningful as it brings not just capital, but complementary expertise and conviction in our vision.”
The company’s mission is rooted in solving India’s longstanding export inefficiencies in the perishable segment. Despite being one of the world’s top producers of fruits, vegetables, and seafood, India contributes just 2 person to global exports — largely due to the absence of reliable, tech-enabled refrigerated container services. Citrus Freight addresses this gap with an integrated mobile app offering booking, compliance, temperature tracking, and predictive analytics.
Over the next 12-24 months, Citrus Freight aims to clock Rs. 45 crore in revenue, with a target of moving 1,500 containers. These goals are underpinned by the firm’s focus on product innovation, predictive tech, and expansion into new markets with high export potential.
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