Holisol Logistics raises $10-mn from CLSA Capital

Supply chain and logistics solutions provider, Holisol Logistics has raised USD 10 million in funding from CLSA Capital Partners ARIA IV Funds.
The funds would be used for setting up more warehouses, expanding last mile delivery network and increasing the portfolio of supply chain optimisation solutions.
"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," Holisol Director Rahul Dogar said.
The city-based firm had raised USD 1.5 million in 2012 from Datavision Systems, a company controlled by petroleum industry veteran Sundeep Bhandari.

"Datavision continues to hold significant equity stake in Holisol, post the current round of capital infusion by CLSA through its ARIA IV Funds, which is the alternative asset management arm of CLSA, Asia's leading independent brokerage and investment group," a statement said.
Founded in 2009 by Rahul Dogar, Naveen Rawat and Manish Ahuja, 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.Com, freecultr.Com and officeyes.Com, among others.
"CLSA's investment in Holisol validates Datavision's belief on Holisol's business potential and the capabilities of its highly motivated management team. Holisol's end to end logistics solutions will be the differentiator, and has the potential to make it a market leader in the business," Datavision Director Sundeep Bhandari said.