Mumbai-based TESSOL, a cold chain technology company recently raised an undisclosed amount of funding from multiple investors.
The round was led by Infuse Ventures, which is backed by Government of India’s Ministry of New and Renewable Energy (MNRE) and Technology Development Board, IFC, BP, SIDBI, Godrej Industries, ICICI Bank, Bank of India and Union Bank, along with Ankur Capital.
Rajat Gupta, an alumnus of IIT and Harvard, founded TESSOL in 2013 with a vision of creating a farm to fork cold supply chain. “We are creating an energy storage technology platform that can revolutionize the way things work around us. Starting with food supply chain, we will be building products for several other applications like AC’s, Refrigerators, Industrial cooling etc,” he says. He adds “With the funds raised, we are looking to expand our sales and service network pan India and create more products to fuel future growth.”