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.