eCommerce supply chain and logistics solutions provider, Holisol has raised $10 million in funding from CLSA Capital Partners’ ARIA IV Funds.
The company would channelize the raised capital towards setting up more warehouses, expanding last mile delivery network and increasing the portfolio of supply chain optimisation solutions.
Commenting on the development, Rahul Dogar, Director at Holisol, said, “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.”
The company which was founded in June 2009 by Manish Ahuja, Naveen Rawat and Rahul Dogar, had raised $1.5 million in 2014 from Datavision Systems. The latter continues to hold significant equity stake in Holisol even after the current round of capital infusion by CLSA through its ARIA IV Funds- the alternative asset management arm of CLSA, an independent brokerage and investment group.
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Holisol currently manages 600,000 sq ft of warehousing space across 14 locations. It provides back-end logistics to e-commerce players like Jabong, Fabfurnish, Freecultr among others.
The company is competing with the likes of Delhivery, GoJavas, BlueDart, DotZot etc.
Logistics is a key propeller of growth of the eCommerce industry, and IT is increasingly emerging as a differentiator in terms of customer service and satisfaction. The logistics sector specific to eCommerce retailing in India was valued at $0.2 billion in 2014 and is projected to witness a CAGR of ~48% in the upcoming five years to reach $2.2 billion by 2020.