Holisol Logistic, an E2C supply chain logistics tech-enabled firm, has announced that it has raised USD 3 million in a debt financing round from Northern Arc Capital, one of the leading digital debt platforms, from Chennai.
This fundraising round is the fifth round for Holisol. The first round was an angel round in 2013 and it raised USD 1.5 Million dollars from Sundeep Bhandari. Then in 2015, it raised USD 10 Million from CLSA Capital Partners. In the year 2017 and 2019, in a follow-up round, Holisol raised USD 12.74 million from CLSA and BlackSoil, combined.
The company stated that it is consistently witnessing an increment in demand from its customers for fulfilment services. Holisol will utilise this fundraise to fulfill the demand and increase growth.
Words from the investors –
Commenting on the transaction, Bama Balakrishnan, COO, Northern Arc, added, “Northern Arc is committed to supporting mid-market companies in India through customised debt solutions suiting their business requirements. Logistics as a sector has shown tremendous resilience despite significant disruptions on account of COVID-19 and is one of our focus sectors for the Mid Market business.”
“Holisol Logistics acts as an enabler for significant operational efficiencies in the supply chain for various industries and we are delighted to partner with them in their mission to create a tech-led platform for multi-dimensional supply chain solutions,” he added.
About Holisol –
Holisol was founded and established in 2009 by Manish Ahuja, Rahul S Dogar, and Naveen Rawat. The founders of the company are former employees of APL Logistics. The company offers a tech-enabled supply chain that is end-to-end for clients from the sector like eCommerce, lifestyle, fashion and many others.
The solution it provides consist of multi-channel fulfilment for B2B retail, logistics, and integrated packaging. Its platform also provides a returnable packaging solution for agriculture, heavy engineering, and auto components.
Currently, Holisol is working with some popular brands such as Oriflame, Nykaa, Avon, Mango, Puma, Kama Ayurveda, Urbanclap, and Mahindra, with few more.
Words from Co-founder –
Speaking on the debt fundraise, Rahul S Dogar, Managing Director and Co-founder, Holisol Logistics, said,
“We are highly enthused by our partnership with Northern Arc on our journey to get closer to our mission of setting up 100 FCs and 800 HFCs to create a seamlessly connected logistics super grid by 2025 and enable customer success through our platform”.
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