New Delhi based logistics company HoliSol, which specializes in 4 PL services, has raised its first round of VC investment. According to a report by Economic Times, the company has just raised USD 1.5 million from oil and gas professional Sundeep Bhandari, through his company Datavision.
HoliSol was found in June 2009 by Manish Ahuja, Naveen Rawat and Rahul Dogar. Expecting to hit a turn over of INR 40 crore this year, the company intends to utilise the investment to expand its business to new geographic locations.
As per the report, a company official said “Holisol’s future plans include expansion of its footprint by having operational facilities in Tier 2 and Tier 3 cities, thus helping their customers with the market reach through operations excellence,” Currently the company is handling the back-end operations of companies like Jabong, FabFurnish, Freecultr, Amway among others.