Elanpro picks stake in Icold Refrigeration

Gurugram-based Elanpro (Elan Professionals) has recently invested in New Delhi-based startup Icold Refrigeration, a company specialising in cold storage. Elanpro has taken a majority stake in the company. With this investment, Elanpro strengthens its business objective and forays into the cold chain storage segment across India. The move will not only streamline the vaccine storage issue but also minimise pharmaceutical product loss. Additionally, this will allow Elanpro to significantly add value to its business partner and establish itself as a true comprehensive refrigeration player in India. Elanpro has made an investment to not only expand its business outreach in India but also paves way to penetrate its presence in the Middle East market. The new reforms and policies and huge traction of tourism have reshaped the Middle East market drawing huge attention of foreign investors. For efficient cold storage, there is a need for reliable, safe and potential products that are embedded with best-inclass technology and upgraded features.