This round of fundraising will help fulfill this demand and accelerate its growth. They are looking to expand from 100FCs to 800FCs by 2025.
Holisol Logistics has raised $3 Million in debt round from Northern Arc Capital, a digital debt platform. Holisol had raised its first round of funding in 2013, and this will be its fifth round of fundraising. The first angel round saw the company raising $1.5 million from Data Vision, which is backed Sundeep Bhandari. In 2015, Holisol raised $10 Million from CLSA Capital Partners. In 2017, CLSA did a follow-on round of $10 million followed by a $2.74 million debt from BlackSoil in 2019.
Holisol has been witnessing a surge in demand from its customers for its digitized fulfillment services. This round of fundraising will help fulfill this demand and accelerate its growth. They are looking to expand from 100FCs to 800FCs by 2025.
Holisol was founded in 2009 by Naveen Rawat, Manish Ahuja, and Rahul S Dogar, all of whom are former APL Logistics employees. The platform offers technology-backed end-to-end supply chain logistics for clients from lifestyle, fashion, and e-commerce, to name a few.
Source: Business World