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Snowman

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Integrated temperature-controlled logistics and supply chain solutions provider

Bengaluru, IndiaFounded 1996Food
Valuation $75M Market cap · 2026
Revenue $82M Latest reported FY
EBITDA $13M Latest reported FY

About Snowman

Snowman Logistics Limited is an integrated temperature-controlled logistics service provider in India. The company was incorporated in 1993 as Snowman Frozen Foods Limited and was initially promoted by Amalgam Foods Limited. Its business segments include warehousing, transportation, and consignment agency services. The company's primary business is temperature-controlled warehousing for frozen and chilled products. Its services cater to various sectors, including food, pharmaceuticals, retail, and Fast-Moving Consumer Goods (FMCG).

Originally a trader of frozen marine products, Snowman began its cold storage operations in 1998 at four locations. Over the years, the company has had several key investors. In 1997, Hindustan Unilever Limited acquired a 23% stake. The Mitsubishi Group bought a majority stake in 2001, and in 2006, Gateway Distriparks Limited became the majority shareholder. The company was renamed Snowman Logistics Limited in 2011 to better reflect its business operations. It was listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in September 2014.

Snowman Logistics offers a comprehensive suite of services, including temperature-controlled warehousing with temperature ranges from +25ºC to -25ºC, blast freezing, and transportation. It provides value-added services such as labeling, kitting, sorting, and repacking. The company operates a fleet of temperature-controlled trucks for both primary and secondary transportation. In 2022, Snowman launched 5PL (Fifth-Party Logistics) services, which include sourcing, procurement, and distribution management on behalf of its clients. Its clientele includes major companies like IKEA, Tim Hortons, and Baskin Robbins.

Source: Dealroom company data

At a glance

Status
Listed
Founded
1996
Headquarters
Bengaluru, India
Listing
IPO 2014
Employees
171
Open positions
1
Dealroom signal
0.0/100
Industry
Food
Sector
Food, Food Processing, Supply Chain Management, Storage
Client focus
b2c

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
POST IPO EQUITYOther financing Dec 2019 $40M — Adani Ports & SEZ —
IPO✓Exit Sep 2014 $0 — Undisclosed —
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthEBITDAMarginProfitMargin
2026 $82M +9.4% $13M 15.6% $449K 0.5%
2025 $75M +9.8% $13M 16.9% $773K 1%
2024 $68M +20.5% $15M 21.5% $1.7M 2.5%
2023 $57M +45.9% $13M 23%
2022 $39M +20.7% $10M 26.4%
2021 $32M -1.3% $10M 32%
2020 $33M — $9M 27.6%
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Growth signals

Snowman website traffic

Latest recorded traffic for Snowman is 3.5K monthly website visits, up 118.8% over the last three months. Snowman's team declined 13.2% over the past year.

Latest monthly visits3.5K 3-month web change+118.8% 1-year team growth-13.2%
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Open positions

Openings linked to this company in Dealroom
1 distinct opening shownExplore hiring signals →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

Series B and later1 investor entered at this stage

  • Adani Ports & SEZ
Team profiled 2 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇮🇳 India100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Snowman on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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