Online supply chain and logistic service provider, Holisol Logistic has secured $10 Million in a fresh funding from CLSA Capital Partners. The startup will use the fund to expand its last mile delivery chain and set up more fulfillment centers as well as increasing the portfolio of supply chain optimization solution.
The director of Holisol Logistic, Rahul Dogar said about the development, “CLSA is an esteemed fund and we are glad to have them as a shareholder. Previous round of investment by Datavision helped us in successfully implementing our solutions and this round of capital infusion would help us in accelerating our growth.”
Holisol Logistic is a six year old supply chain and logistic service provider that was started by Manish Ahuja, Naveen Rawat and Rahul Dogar. Previously, the company had raised $1.5 Million from Datavision infusion back in 2014. As of now, the startup has 600K square feet of warehouse across 14 locations. It gives back-end logistics solution to some eCommerce company like Jabong, Fabfurnish, Freecultr and others.
Logistic sector is one of the key factors for the growth of eCommerce industry. It is also very important for customer satisfactions and services for any eCommerce firm. Currently, Holisol Logistic is facing completion from other online logistic service providers like GoJavas, DotZot, Delhivery and BlueDart among others.