Tan90 raises Rs 5 crore in Funding

Thermal Management solution provider to Businesses and firms, Tan90,

informed that in its pre-Series A fundraising round raised around Rs. 5 crores. This fundraising round was led by Blue Ashva Capital. The fundraising round also witnessed the participation of 3i Partners, and angel investors Shalini Chhabra and Venkat Nekkanti. 

The company said that it intends to utilize the raised capital to fuel its expansion in India and South East Asia, enhance the supply chains for its clients, offer more products, and invest in the Research and Development of its products aimed at sustainable and green approaches for thermal management across industries.

After the successful fundraising round, Soumalya Mukherjee, co-founder of Tan90 commented, “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.”