E2E supply chain Logistics Startup Holisol Logistics raises $3million from Northern Arc
This is the fifth round of fundraising for Holisol. The first angel round happened in 2013 when the company raised $1.5 million from Sundeep Bhandari-promoted Data Vision Systems. In 2015, the startup raised $10 million from CLSA Capital Partners, and in 2017, CLSA did a follow-on round of $10 million followed by $2.74 million debt from BlackSoil in 2019.
Holisol is in its fifth round of fundraising. The company's first angel round occurred in 2013, when it raised $1.5 million from Sundeep Bhandari-promoted Data Vision Systems. CLSA Capital Partners invested $10 million in the startup in 2015, and in 2017, CLSA did a follow-on round of $10 million, followed by $2.74 million in debt from BlackSoil in 2019.
According to the company, Holisol has consistently seen an increase in customer demand for its digitised fulfilment services.
According to the company, the new round of funding will help it meet this demand and accelerate its growth even further.
“We are highly enthused of 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,” says, Rahul S Dogar, Managing Director and Co-founder, Holisol Logistics.
Multi-channel fulfilment for B2B and B2C retail, integrated packaging, and logistics are among its solutions. Returnable packaging solutions are also available for auto components, agriculture, and the heavy engineering industry.
Its solutions include multi-channel fulfilment for B2B and B2C retail, integrated packaging, and logistics. It also provides returnable packaging solutions for auto components, agriculture, and the heavy engineering industry.
Holisol currently collaborates with well-known brands such as Puma, Oriflame, Avon, Mango, Nykaa, Urbanclap, Kama Ayurveda, Ashok Leyland, and Mahindra.
Bama Balakrishnan, COO, Northern Arc, commented that, “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.