TESSOL, a cold chain solution provider, has raised Rs 7.5 crore from Mela Ventures. Existing backers 1crowdAngels and 1Fund, also participated in this round.
The funds raised will be utilised in geographical expansion, capacity building, team building, new products, and application development.
TESSOL solutions allow brands and distributors to offer end-to-end cold chain transportation.
Currently, Rajat Gupta and 1crowd are on the TESSOL Board. As a part of the process, Mela Ventures will also get on the TESSOL Board.