INDICOLD, India’s leading cold chain solutions company, is raising an angel round to accelerate its growth in environment controlled logistics. Over 50% of the round has already been subscribed, led by Mr. Nikhil Vora (Founder & CEO, Sixth Sense Ventures) – veteran of India’s venture capital ecosystem — in his personal capacity.
Their participation reflects strong conviction in Indicold’s mission to transform India’s cold supply chain with innovation, technology, and future-ready infrastructure. Following a successful Pre-Series A raise, this angel round will propel Indicold’s growth in automation, warehousing expansion, and next-generation tech-enabled cold chain solutions.
Nikhil Vora (Founder & CEO) of Sixth Sense Ventures ) states – “The investment in Indicold, a tech-enabled cold storage solutions company, is reflective of a strategic alignment with India’s evolving supply chain needs—for perishable goods like fruits, vegetables, ice cream and pharmaceuticals. I have always looked at backing visionary founders (Niharika & Kartik) and scalable business models – Indicold fits that bill completely. I am impressed with the rapid growth, innovative approach, and commitment to addressing critical challenges in India’s cold chain infrastructure along with Indicold’s initiatives such as setting up India’s first frozen Automatic Storage and Retrieval System (ASRS) Warehouse in Gujarat, demonstrate its commitment to revolutionizing the cold storage industry. I am elated to partner with Niharika and Kartik on Indicold’s journey and be part of its growth.”
Founded in 2019 by Kartik Jalan and Niharika Jalan, Indicold is building a sustainable, future-ready cold supply chain — partnering with India’s leading names across food, FMCG, dairy, quick commerce, and QSR. With 20,000 automated pallets and an equal number in traditional infrastructure, Indicold is uniquely positioned to deliver speed, traceability, and efficiency across formats.
With 3x year-on-year growth and a clear roadmap to 1.2 million pallets capacity by 2028, this round marks a pivotal milestone in Indicold’s journey.
“The immense potential of the cold chain industry truly excites us, as India’s market is poised to reach $21.5 billion by 2026. We at Indicold are thrilled to welcome Nikhil Vora to partner on our journey. His strategic insight will maximize our growth in pioneering sustainable, tech-driven environment-controlled logistics. As we scale, we remain rooted in the belief that building with care isn’t just a value — it’s the only way to create lasting impact” said Kartik Jalan, Founder & CEO, INDICOLD.
Indicold also extends its gratitude to Fundalogical Ventures, who led the Pre-Series A round in 2024 and continue to remain trusted partners in the company’s growth journey.
To know more, reach out to founders@indicold.com.
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