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Holisol logistics raises $10M from CLSA Capital Partners

https://en.wikipedia.org/wiki/Logistics#/media/File:Modern_warehouse_with_pallet_rack_storage_system.jpg

Holisol Logistics, a Delhi-based ecommerce logistics solutions provider, has raised $10 million in a round of funding from CLSA Capital Partners’ ARIA IV Funds, reports iamwire. The company will use the funds for setting up more warehouses, expanding its last mile delivery network and increasing the number of supply chain optimization solutions it offers.

Founded in 2009 by Manish Ahuja, Naveen Rawat and Rahul Dogar, Holisol had raised $1.5 million in funding from Datavision in August last year. At the time the company said it would use the funds to extend its operational facilities in Tier 2 and 3 cities.

The company 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 and international freight management.

Overall, Holisol claims to manage 600,000 sqft of warehousing space in 14 locations. It also claims to provide back-end logistics to ecommerce companies like Fabfurnish, Freecultr and Jabong among other.

Developments in logistics:

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– Yesterday, logistics company Parsel acquired BillBoxGo through a cash and revenue sharing agreement.

– Earlier this month, QikPod raised a little over $9 million (Rs 60 crore) from Foxconn, Accel Partners, Flipkart and Delivery.

– In October, Grofers acquired the B2B logistics service provider Townrush, while MagicTiger acquired Zoyo, an artificial intelligence based platform that let users shop over chats

– The same month, Bangalore based shipping services startup Parcelled raised $5 million from Delhivery and Tracxn labs.

– In September, logistics data analytic firm LogiNext raised $10 million in funding from Paytm, while Delhi-based ShadowFax raised $8.5 million in funding from Eight Roads Ventures.

– Opinio raised $7 million in a Series A round of funding from Delhivery, Sands Capital and Accel Partners.

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– Snapdeal invested $20 million in logistics firm GoJavas to enhance its supply chain and logistics.

Image source: Wikipedia

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