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.

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