Holisol, a leading E2E tech-enabled supply chain logistics company, today announced that it has raised debt of USD 3 million from Northern Arc Capital, a leading digital debt platform. This is the fifth round of fund raise for Holisol.
The first angel round happened in 2013, raising USD 1.5 million from Sundeep Bhandari promoted Datavision Systems Pvt. Ltd. In 2015, Holisol raised USD 10 million from CLSA Capital Partners and in 2017, CLSA did a follow-on round of USD 10 million followed by USD 2.74 million debt from Black Soil in 2019.
Holisol has been consistently witnessing a surge in demand from its customers for its reliable digitized fulfilment services and the new round of fund raise will help in fulfilling this demand and accelerate its growth further. It is looking forward to double its revenue in the current year on the strength of strong demand pipeline from its existing and new customers. Its value-proposition of Design-Implement-Manage the end-to-end supply chain is delivering real-world margins and savings for its customers as they are able to sell more, while at the same time reducing their logistics costs.
The company offers multi-channel fulfilment solutions for B2C & B2B businesses spanning across retail, fashion, lifestyle, FMCG, online marketplaces and auto industries. It also provides integrated packaging, logistics and returnable solutions to automobile, farm equipment & heavy engineering businesses. It has a pan-India presence and manages close to one million square feet of fulfilment space spread across 25+ fulfilment centres, 60+ hyperlocal fulfilment centres and 30+ integrated packaging sites.
“We are highly enthused of the partnership with Northern Arc on our journey to get closer to our mission of setting up 100 FCs and 800 HFCs to create a seamlessly connected logistics super grid by 2025 and enable customer success through our platform”.~Rahul S Dogar, Managing Director & Co-Founder, Holisol Logistics
Northern Arc has been at the forefront of fighting the economic and social impact of the pandemic. It has disbursed over 3,500 crores (~US$ 500mn) over the last financial year to underbanked MSMEs, households, financial institutions, and mid-market corporates.
“Northern Arc is committed to support Mid market companies in India through customized debt solutions suiting their business requirements. Logistics as a sector has shown tremendous resilience despite significant disruptions on account of COVID-19 and is one of our focus sectors for the Mid Market business. Holisol Logistics acts as an enabler for significant operational efficiencies in the supply chain for various industries and we are delighted to partner with them in their mission to create a tech led platform for multi dimensional supply chain solutions.”~Bama Balakrishnan, COO, Northern Arc
Headquartered in Delhi, Holisol today has a workforce of +200 supply chain enthusiasts who are continuously building value through leadership, innovation, and relationships.
About Northern Arc
Northern Arc Capital Limited (formerly IFMR Capital Finance Limited) is a leading digital debt platform that addresses the credit requirements of the under-banked in India. These include financial institutions, mid-market enterprises, small businesses, and individuals. Through its deep credit insights, varied risk-models, structuring capability and agile technology, Northern Arc offers suitable debt products that meet the requirements of borrowers and lenders.