Your browser is currently blocking notification.
Please follow this instruction to subscribe:
X
Notifications are already enabled.
X

Ecommerce Logistics Company Holisol Raises USD 1.5 Mn In Funding

Ecommerce Logistics Company Holisol Raises USD 1.5 Mn In Funding

Delhi based Holisol logistics, a back-end logistic provider to ecommerce players has raised $1.5 Mn in its first venture capital funding led by oil and gas professional Sundeep Bhandari. 

Founded in 2009 by three logistics professionals – Manish Ahuja, Naveen Rawat and Rahul S Dogar, who had exposure to the international supply chain of retailing and automotive companies in their previous jobs, Holisol expects to achieve a turnover of about INR 40 Cr for the current year.

The investment was made by Bhandari through his company Datavision.

“The investment has helped Holisol expand its business in new areas and geographical locations,” the official said.

Holisol provides backend logistic support to ecommerce companies including Fabfurnish, Jabong, Urbanladder, among others.

The firm is in discussion to raise additional capital for its growth plans.

Holisol Logistics currently manages 4.5 lakh square feet of warehousing space and processing 40,000 orders per day with a team of 75 own staff and 1,800 deployed though contractors.  It has recently expanded its operations in West and South of India and for future it plans to reach out Tier 2 and Tier 3 cities.

Related: This Startup Is Truly Disrupting The Supply Chain Market In India

Author

Team Inc42

Inc42 Staff

Inc42 Media is a digital media startup known for its end-to-end coverage of the Indian Startup Ecosystem. Inc42 has published 13,000+ stories so far and touch the lives of over 10 million people every month. Join us and be the part of the startup revolution.

Responses
https://inc42.com/buzz/indiamart-launches-marketplace-industrial-construction-goods/
Loading Next…

Upcoming Events