Citrus Freight Doubles Revenue, Eyes Rs 450 Mn in FY25

26 Aug 2025 CW Team

Since its inception, Citrus Freight has established a strong digital presence, onboarding 1,000 users within the first month and growing to 30,000 registered users today. The platform is expected to reach 50,000 users by March 2026. Backed by a team of 25 members, the company plans to double its workforce in the next 12 months and is already partnering with leading agri-brands such as Dehaat, AgroStar, and Shyadari Farms.

The company’s growth is fuelled by rising demand for transparent and efficient cold chain solutions in India’s expanding fruits and vegetables (F&V) market. By providing real-time updates on consignment and temperature movements, Citrus Freight ensures that fresh produce is delivered in optimal condition while eliminating inefficiencies caused by intermediaries.

The perishable logistics sector in Maharashtra alone includes over 1.5 lakh small-scale agents and nearly 10 large-scale 3PL forwarding businesses that dominate cargo movement. Maharashtra handles over 8 lakh reefer shipments from Nhava Sheva annually, with the F&V segment accounting for 1.5 lakh containers, growing at a 12 per cent CAGR. With only 30 per cent currently managed by organised players, Citrus Freight is well-positioned to capture a larger share of India’s USD 3.5 billion industry.

For FY 2024-25, the company aims to move 1,500 containers across key commodities such as onions, chillies, bananas, grapes, frozen and packaged foods. It plans to expand operations to Tuticorin, Cochin and Mundra ports, adding products including eggs, coconuts, organic food, fish, and meat to its portfolio. This expansion is expected to drive Citrus Freight towards Rs 1 billion in revenue within two years and a Rs 10 billion business by 2031, with a projected 22 per cent market share.

“In just three years, we have transformed how perishable exports move out of India by making the cold supply chain faster, more transparent, and digitally accessible. Our 3x growth target this year is just the beginning—our vision is to become a Rs 10 billion company by 2031 while empowering thousands of exporters to access global markets more efficiently,” said Biplob Barik, CEO & Co-founder of Citrus Freight.

The company also plans to scale its B2B app user base to 100,000 within two years and 1 million by 2030-31, positioning itself as one of India’s largest B2B logistics platforms. With continued investments in innovation and AI-driven supply chain solutions, Citrus Freight is set to redefine cold chain logistics for Indian exporters.

Citrus Freight, India’s first reefer container shipping platform offering end-to-end solutions for perishable exports, has reported significant growth within three years of operations. The company has doubled its revenue year-on-year and is targeting Rs 450 million in FY 2024-25, a threefold increase from the previous year.Since its inception, Citrus Freight has established a strong digital presence, onboarding 1,000 users within the first month and growing to 30,000 registered users today. The platform is expected to reach 50,000 users by March 2026. Backed by a team of 25 members, the company plans to double its workforce in the next 12 months and is already partnering with leading agri-brands such as Dehaat, AgroStar, and Shyadari Farms.The company’s growth is fuelled by rising demand for transparent and efficient cold chain solutions in India’s expanding fruits and vegetables (F&V) market. By providing real-time updates on consignment and temperature movements, Citrus Freight ensures that fresh produce is delivered in optimal condition while eliminating inefficiencies caused by intermediaries.The perishable logistics sector in Maharashtra alone includes over 1.5 lakh small-scale agents and nearly 10 large-scale 3PL forwarding businesses that dominate cargo movement. Maharashtra handles over 8 lakh reefer shipments from Nhava Sheva annually, with the F&V segment accounting for 1.5 lakh containers, growing at a 12 per cent CAGR. With only 30 per cent currently managed by organised players, Citrus Freight is well-positioned to capture a larger share of India’s USD 3.5 billion industry.For FY 2024-25, the company aims to move 1,500 containers across key commodities such as onions, chillies, bananas, grapes, frozen and packaged foods. It plans to expand operations to Tuticorin, Cochin and Mundra ports, adding products including eggs, coconuts, organic food, fish, and meat to its portfolio. This expansion is expected to drive Citrus Freight towards Rs 1 billion in revenue within two years and a Rs 10 billion business by 2031, with a projected 22 per cent market share.“In just three years, we have transformed how perishable exports move out of India by making the cold supply chain faster, more transparent, and digitally accessible. Our 3x growth target this year is just the beginning—our vision is to become a Rs 10 billion company by 2031 while empowering thousands of exporters to access global markets more efficiently,” said Biplob Barik, CEO & Co-founder of Citrus Freight.The company also plans to scale its B2B app user base to 100,000 within two years and 1 million by 2030-31, positioning itself as one of India’s largest B2B logistics platforms. With continued investments in innovation and AI-driven supply chain solutions, Citrus Freight is set to redefine cold chain logistics for Indian exporters.

Technology

28 Oct 2025

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Infrastructure Transport

28 Oct 2025

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Real Estate

28 Oct 2025

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..