Get All Access for $5/mo

Tan90 Raises INR 11.32 Crore In Pre-Series A Funding The company said that it is planning to enter tier-2 cities in India to cash in on the growing demand for 'cold chain solutions' in the interior parts of the country

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Freepik

Tan90, a cooling solutions company, has raised INR 11.32 crore in pre- Series A investment round co-led by Blue Ashva Capital and Capital A, along with participation from 3i Partners and a clutch of angel investors based out of Singapore, the Middle East, and India. The fund raised will be utilized to expand overseas with a particular focus on Southeast Asia.

"We are delighted to have secured this funding, which will support our expansion and enable us to introduce an innovative CaaS model to a wider audience. We hope to create a substantial impact in this space by expanding our footprint in major cities like Mumbai, Kolkata, Kochi and Visakhapatnam in the coming quarter. We are confident in our capabilities to transform the cold chain industry and deliver sustainable and cost-effective solutions. Above all, we are grateful to our investors for their continued support," said Soumalya Mukherjee, co-founder, Tan90.

Tan90 is planning to enter tier-2 cities in India to cash in on the growing demand for 'cold chain solutions' in the interior parts of the country. It also plans to launch a cold chain model, 'Cooling as a Service' (CaaS), where it offers cooling solutions on lease to businesses that do not own blast freezers required to freeze the panels, i.e., thermal batteries, according to an official statement by the company.

"We have strong faith in the India growth story as it is a vast economy which is going to record above 6% growth in all likelihood this fiscal year. Naturally, there would be tremendous growth for the cooling solutions business as well, since it has strong linkages with the food, pharma, energy, logistics and transport sectors. Our second round of investment in the company signifies our continued faith in its business strategy and growth prospects," said investment, Satya Bansal, founder, Blue Ashva Capital.

Founded in January 2019 by Soumalya Mukherjee, Rajani Kant Rai, and Shiv Sharma, Tan90 is solving the problem of energy-efficient thermal management across industries.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business News

How to Be a Billionaire By 25, According to a College Dropout Turned CEO Worth $1.6 Billion

Austin Russell became the world's youngest self-made billionaire in 2020 at age 25.

Technology

India Needs Homegrown Product Companies In Semiconductor: Cadence Design's India MD

Most multinationals retain product ownership, key value and intellectual property at their headquarters. As a result, India, despite having a vast pool of design talent, lacks significant Indian product companies in the semiconductor industry, says Jaswinder Ahuja, MD, India Cadence Design Systems.

Starting a Business

3 Things to Consider Before Your Perfect Business Partner Becomes Your Perfect Disaster

There are many reasons for start-up businesses' high failure rate, including lack of cash, not doing enough research and poor marketing. But this one reason is definitely not getting enough attention.

Growing a Business

5 Insights I Learned While Growing My Business from a Startup to a 500-person Company

Scaling a startup from 10 people to 5 hundred is thrilling, but navigating the growth can be tricky. Here are 5 hard-won insights to help you transform your startup into a structured business with a clear roadmap and the right team behind you.

Buying / Investing in Business

I'm a VC With Over 50 Startup Investments. Here Are the 4 Secrets to Securing Funding for Your Ventures.

Investor relationships are crucial in most businesses, but navigating them is no walk in the park. These insider tips from a former founder and current venture capitalist reveal how entrepreneurs can tap into the investor mindset and masterfully manage investor relations.

Living

Taylor Swift Has a Lucky Number. And She's Not the Only High Performer Who Leans Into Superstitions to Boost Confidence.

Even megastars like Swift need a little extra something to get them in the right mindset when it is game time.