Blue Ashva Capital, 3i Partners co-lead Rs 5 Cr series A round for Tan90

Date:

Trending

Tan90, a company providing innovative thermal management solutions to businesses, has raised Rs 5 crore in pre-Series A funding led by Blue Ashva Capital, and 3i Partners

- Advertisement -

The round also saw participation from angel investors Shalini Chhabra and Venkat Nekkanti.

With this latest round of funding, Tan90 aims to expand its reach in India and South East Asia, optimize supply chains for present clients PAN India, increase product offerings and invest in R&D of products aimed at sustainable and green approaches for thermal management across industries.

- Advertisement -

Apart from focussing on reducing the carbon footprint of the cold chain system, Tan90 will be working on industrial cooling and space cooling as well in the next few months.

Speaking on the fundraise, Soumalya Mukherjee, Founder of Tan90, said “Post the lockdown due to COVID19, the importance of cold chain has had been underlined with the supply chain of all perishables. Businesses are focussing on entering Tier-II cities, but are often impaired by the lack of cost-effective cold chain infrastructure. This further establishes our offerings of cost-effective and energy-efficient cold chain solutions. With our offerings, we provide businesses the flexibility to use any logistics service to transport perishables, which is essential for expanding to Tier-II cities.”

“Over the past few months, we have seen demands pouring in for both mid-mile and last-mile movements of temperature-sensitive perishables and it has been a great pleasure for us to service major D2C and diagnostic companies across India. With the latest infusion of funds, we are envisioning to expand our presence in major cities, including Mumbai, Hyderabad, Bangalore, and Delhi, which will help us to achieve 10x growth in the upcoming 6 months. Not only in India, but we are also focussing to expand our reach out to the Philippines, and Singapore markets as well. This investment builds immense confidence within the team to execute at scale,” Mukherjee added.

Commenting on the investment round, Satya Bansal, Founder at Blue Ashva Capital said “Solving for cold chain is a key part of solving last-mile logistics, improving end-product quality, and reducing waste at scale. Therefore, we’re incredibly excited to work with the Tan90 team to deliver energy-efficient cold chain solutions that can perform across a wide temperature range and maintain temperature for extended durations.”

THE SNAPSHOTS

Sign up to get quick snaps of everyday happening, directly in your inbox.

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Support our independent journalism PayPal (Outside India) For PayU (For Indian Readers).

Krishna Mali
Krishna Mali
Founder & Group Editor of TechGraph.

More Latest Stories

More Articles

00:01:37

UK PM Kier Starmer Abolishes NHS England To Bring Health Services Under Govt Control

British Prime Minister Keir Starmer has announced plans to abolish NHS England and bring it back under government control. The move aims to reduce...

VIDEO: US President Donald Trump Calls NBC A ‘Work Network’ On Television

During a press meeting at the Oval Office on Wednesday, US President Donald Trump criticized a reporter by calling NBC the 'worst network' on television. https://creators.spotify.com/pod/show/techgraph/episodes/VIDEO-US-President-Donald-Trump-Calls-NBC-A-Work-Network-On-Television--News--US-News-e304h89

The Role of Edge Computing in AI-Powered Cloud Solutions

With businesses including artificial intelligence (AI) in their operations, cloud computing has grown in...

From Startup to Success: Essential Steps for Landscaping Entrepreneurs

Starting a landscaping business is so exciting, blending creativity with the reward of transforming...
00:03:00

Trump Defends Elon Musk Plan for Federal Job Cuts; Govt Spending ‘Bloated’

Following a meeting with Elon Musk and senior cabinet members, U.S. President Donald Trump...
00:08:45

Trade War: Canadian PM Justin Trudeau Announces 25% Tariffs On US Imports

Ottawa: Canadian Prime Minister Justin Trudeau on Wednesday announced a 25% tariff on U.S....

Meta CPO Chris Cox Sells Shares Worth $8.3 Mn

Meta Platforms (NASDAQ: META) Chief Product Officer Christopher Cox sold 13,556 shares of the...

Meta COO Javier Olivan Offloads Shares Worth $409,768

Meta Platforms (NASDAQ: META) Chief Operating Officer Javier Olivan is set to sell 608...
00:02:23

‘Canada Ripping Us’: US President Trump Criticizes High Tariffs on Dairy and Lumber

U.S. President Donald Trump on Friday slammed Canada’s high tariffs on American dairy and lumber products, warning of retaliatory measures unless the tariffs are...

Personal branding: designing logos for influencers and creators

In today’s digital landscape, personal branding has become more than just a buzzword; it’s...

Demand for plumbers in Oman: which specialists are most in demand?

The demand for skilled plumbers in Oman is steadily increasing due to the country's...

Union Budget 2025: Real Estate Experts See SWAMIH 2.0, ₹15,000 Cr State Support to Ease Housing Bottlenecks

The real estate sector views the Union Budget 2025-26 as a step toward addressing...

Logistic Startup Picckup Secures $500K in Seed Funding to Expand Electric Fleet

A Mohali-based mid-mile and last-mile logistic startup, Picckup, on Thursday, raised $500K in series...

Empowering Communities with Water Tech

This is a major problem worldwide; it affects billions of people in homes, villages, and towns. Population increases, climate change and limited water resources...

IIT Madras and SPF Partners to Enhance Policy Framework for Indian Startups

Indian Institute of Technology Madras (IIT Madras) has entered into a Memorandum of Understanding (MoU) with the Startup Policy Forum (SPF) to drive data-driven and evidence-driven policy advocacy for the startup ecosystem. As part of this partnership, SPF will support the Centre for Research on...

Sachin Tendulkar Backed RRP Electronics Partners with Deca Technologies To Enhance Semiconductor Packaging

Cricketing legend Sachin Tendulkar-backed semiconductor manufacturer RRP Electronics has signed a strategic partnership with...

Ways Technology Can Help Your Business Performance

Businesses of all sizes and across every industry are integrating technology to improve their...

BC Originals: Exclusive Casino Games on BC.Game

BC Originals are special, exclusive casino games that are just for BC.Game players. All...

Dogsee Chew draws $8 Mn in series B round from Ektha & Others

Natural pet treat brand Dogsee Chew on Thursday said, it has raised $8 million...

Simplifying International Transfers: A New Era for Indian Immigrants in Canada

Every year, thousands of Indian professionals and families pack their lives into suitcases and...

Lado Okhotnikov: A Successful Entrepreneur Who Has Inspired Millions

Lado Okhotnikov is a successful entrepreneur, expert, publicist, and investor from Kazakhstan, widely recognized...

Choosing the Right Tax Consultant: A Guide for Businesses and Individuals

For both individuals and businesses, tax planning and compliance are crucial aspects of financial...

Life Insurance Death Benefit Payouts: What Your Family Needs to Know

It is important to know more about life insurance policies and their operational modalities....

The Rise of Conversational AI: What It Means for Tech and SaaS Businesses

Back in the time, when AI was not as prominent, businesses used to struggle...

Union Budget 2025: Real Estate Experts See SWAMIH 2.0, ₹15,000 Cr State Support to Ease Housing Bottlenecks

The real estate sector views the Union Budget 2025-26 as a step toward addressing...

Microsoft Makes Equity Investment in Veeam

American tech giant Microsoft has made an equity investment in Veeam Software to develop...

Adani Wilmar Gets Shareholders’ Approval to Rebrand as AWL Agri Business Limited

Stock exchange-listed Adani Wilmar Limited announced on Tuesday that it has received approval from...

Beyond Firewalls: How Threat Intelligence Platforms Are Transforming Cybersecurity Operations

“Cybersecurity isn't just about building walls—it’s about seeing the enemy before they strike.” In...

Leveraging AI and Modern HR Solutions to Transform Recruitment Strategies for Skilled Workers

In today’s competitive job market, recruitment strategies are rapidly evolving, driven by advancements in...

Logistic Startup Picckup Secures $500K in Seed Funding to Expand Electric Fleet

A Mohali-based mid-mile and last-mile logistic startup, Picckup, on Thursday, raised $500K in series...

Life Insurance Death Benefit Payouts: What Your Family Needs to Know

It is important to know more about life insurance policies and their operational modalities....

Wired vs. Wireless Headsets: A Comparative Guide for Evolving Audio Needs

Across a wide range of demographics, including gamers, fitness enthusiasts, business executives, and remote...

The Rise of Conversational AI: What It Means for Tech and SaaS Businesses

Back in the time, when AI was not as prominent, businesses used to struggle...