Delhi-based e-commerce logistics solution provider Holisol Logistics has received $1.5 million investment from oil and gas professional Sundeep Bhandari through his company Datavision, reports the Economic Times.
The firm will use the money to expand its business and extend its operational facilities in Tier 2 and Tier 3 cities.
Holisol currently provides end to end logistics management services including purchase order management, distribution management, cargo consolidation, project logistics etc. It also offers solutions for transport packaging & logistics management and retail fulfilment operations for online and offline retail. This includes inventory management, pick-up, customer delivery, distribution management, international freight management.
Earlier this month, Holisol co-founder Rahul Dogar had told PTI that they have eight fulfilment centres with a total warehousing space of 4.5 lakh square feet that can apparently process over 40,000 orders a day. They were also planning to open two large fulfilment centres in Bangalore and Kolkata along with seven smaller centres in other parts of the country.
The company claims to have clients like Rocket Internet-backed Fabfurnish.com, Jabong, Officeyes and other companies like Pepperfry, Urban Ladder, FreeCultr, Amway, Tupperware, Escorts and Raymonds among others.
-In April this year Amazon India had started working with kirana stores in Bangalore for in-store pick up of products ordered from its website. The company had launched its third-party logistics service in India in November 2013.
–Flipkart had opened its own logistics arm eKart Logistics to other operators in February this year. The same month, JustDial had announced integrating logistics services that would offer its merchants the ability to deliver products purchased via its marketplace.
-Logistics company Delhivery had raised close to $5 million in Series B investment from Nexus Venture Partners in October 2013.
-DTDC Couriers and Cargo had launched its e-commerce logistics initiative DotZot in March last year. The service claimed to deliver products at over 8000 pin codes and 2300 cities in the country. Bluedart and Aramex also have dedicated e-commerce divisions.