Mumbai/New Delhi: TESSOL, The Indian Cold Chain Solution provider that aims to solve the last-mile distribution problem, has raised INR 7.5 crore from Mela Ventures. Existing Investors, 1crowdAngels and 1Fund, will also participate in this round.
The funds raised will be utilised in geographical expansion, capacity building, team building, new products, and application development. The journey of the Mumbai-based start-up is intriguing as they pivoted the greatest pain point, which was the unfeasibility and unreliability of the last mile Cold Chain in India, into a great opportunity for themselves and associated partners.
The company has emerged as the trusted solution provider for leading e-commerce and quick commerce brands, helping them effectively and efficiently move perishable products in the mid and last mile. It’s also strategizing consciously to ensure its solutions are environmentally friendly, thereby reducing carbon footprint and greenhouse emissions.