Title Celcius - Q3FY24_Call Minutes.pdf ✅

Celcius - Call minutes for Q3FY24 Review call Legal Name: Celcius Logistics Solution Pvt Ltd Brand Name: Celcius Date of the call: 15th February, 2024 Promoters on call: Swarup Bose VCats team: Simi Poojari, Apurva Debnath, Kashyap Goklani Financial Update - Currently clocking average monthly revenue of 10Cr - Revenue stabilized in Aug - Dec due to strategic hiring and measures taken to reducing cash burn - On track to close FY24 at 200cr - Gross margins decreased from 10.5% to 9% due to cross-selling efforts to expand revenue from warehousing - Warehousing and last mile delivery is expected to contribute 15% and 20% margins respectively - Anticipated to become profitable by Sep/Oct24 - Cash burn - INR 80L p.m - Cash in bank - INR 13-14Cr - Runway - 6 months Operational Update - Made key hires in Senior Management roles - Operations, Collections and Founder’s Office - Total team strength has increased to 180 employees across verticals - Established physical presence in Mumbai, Delhi, Bangalore, Chennai, Pune, Kolkata and Hyderabad - Acquired 200+ clients in FY24 across Transport & Warehousing - Notable clients include : Jubilant Food works, Godrej, WOW Momos, Eat Club, Cafe Coffee Day and others Highlights - Signed exclusive partnerships with Zepto and Zomato for their nationwide last-mile and hyper-local delivery.