Holisol Logistics Receives 10M Dollar From CLSA Capital Partners

Delhi based Holisol Logistics has raised $10 million (Rs 67 crore) round of funding, led by private equity firm CLSA Capital Partners. ICICI Securities is the adviser to the deal.
 
The funding will be used towards setting up of more fulfilment centres, expansion of its last mile delivery network and expanding its portfolio of supply chain optimisation solutions.
 
This funding comes less than a month after the startup was close to striking a deal with the Hong Kong-headquartered private equity firm, which is a wholly-owned subsidiary of CLSA, one of Asia’s leading independent brokerages, and will be issuing fresh shares.
 
Rahul Dogar, cofounder of Holisol, said,
 
“We bring speed and accuracy to the overall supply chain, and it’s going to be a multi-channel play for the industry going forward, before evolving into an omni-channel play,”
 
The company is now valued at about Rs 400- 500 crore, according to industry sources. The investment in Holisol is the latest by CLSA Capital Partners, which manages assets of about $3 billion. Holisol Logistics currently manages 600,000 square feet of fulfilment centres across 14 locations.
 
The private firm focuses on four sectors — retail and consumer, specialised manufacturing and services, food and beverages, and consumer technologies.
Share this:
Tags:

About Jessica Priston

Ut tellus dolor, dapibus eget, elementum vel, cursus eleifend, elit. Aenean auctor wisi et urna. Aliquam erat volutpat. Duis ac turpis. Integer rutrum ante eu lacus. Vestibulum libero nisl, porta vel, scelerisque eget, malesuada at, neque. Vivamus eget nibh. Etiam cursus leo vel metus. Nulla facilisi. Aenean nec eros.

  • Website
  • Google+
  • Rss
  • Pinterest
  • Instagram
  • LinkedIn
  • Vimeo
  • Youtube
  • Flickr
  • Email

Related News

  • Cashback site Cashkaro now offers restaurant discounts

    India’s e-commerce market looks large and lucrative enough from the outside, but insiders know it is very challenging. In fact, the number of e-commerce sites and businesses is growing so fast here today that the competition is cut-throat. This

  • What is Viscose Material? Advantage and disadvantage of viscose.

    Viscose is a unique form of wood cellulose acetate used in the nnmanufacture of a number of different products. This includes items for nnthe medical industry, though it is perhaps most common as a major nningredient in the production of the fabric r

  • Honda launches new CBR 250R bike
    Honda launches new CBR 250R bike
    July 01, 2014 5:50 am

    New Delhi: Honda Motorcycle & Scooter India (HMSI) launched a new edition of its global sports performance bike CBR 250R priced between Rs 1.56 lakh and Rs 1.86 lakh (ex-showroom Delhi). The 2013 edition CBR 250R is available for sale across a

  • Zara has opened store at Ambience mall, Gurgaon

    Zara, has opened its new store at Ambience mall, Gurgaon. Spread over 28,000 sq.ft. across two floors the store has taken the space earlier occupied by Debenhams. With this Zara now has twelve stores in India. It is present in 86 countries with