Chennai, India-based innovative thermal management solutions provider Tan90, raised INR 5 crore (approximately USD 645K) in its pre-Series A funding. The round took place on May 04, 2022. Blue Ashva Capital led the financing for Tan90. Meanwhile, 3i Partners also invested in the funding. The round also saw participation from angel investors such as Shalini Chhabra and Venkat Nekkanti.
Purpose of Funding for Tan90
With this latest capital infusion, Tan90 aims to expand its reach in India and South East Asia.
The thermal management platform will also optimize supply chains for present clients pan-India. Meanwhile, the company will look to increase its product offerings. Further, the startup will invest in R&D of products aimed at sustainable and green approaches for thermal management across industries.
Besides focusing 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.
What the founder has to say
Soumalya Mukherjee, the co-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 with the flexibility to use any logistics service to transport perishables, which is essential for expanding to Tier-II cities.”
“With the latest infusion of funds, we envision expanding our presence in major cities, including Mumbai, Hyderabad, Bangalore, and Delhi, which will help us achieve 10x growth in the upcoming six months. Not only in India, but we are also focussing on expanding our reach out to the Philippines and Singapore markets as well. Over the past few months, we have seen demands pouring in for both mid-mile and last-mile movements of temperature-sensitive perishables. It has been a great pleasure for us to service major D2C and diagnostic companies across India. This investment builds immense confidence within the team to execute at scale,” he further added.
What the investor has to say
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.”
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 in its pre-Series A funding. The round took place on May 04, 2022. Blue Ashva Capital led the financing for Tan90.){kind=link}