Delhi-based logistics services start-up Holisol secures $1.5 million in funding
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2014-08-26

Delhi-based logistics services start-up Holisol secures $1.5 million in funding

The firm was founded in 2009 by a group of the trio of Rawat, Manish Ahuja and Anoop Raizada. The firm was founded in 2009 by a group of the trio of Rawat, Manish Ahuja and Anoop Raizada.

Delhi-based Holisol Logistics Pvt Ltd, a provider of back-end logistics services to e-commerce companies, has received $1.5 million in venture funding from Sundeep Bhandari, director and CEO, Datavision. Holisol will use the funds to expand its business to new areas and geographical locations.

 

“Currently, majority of our customers and warehousing & distributions set-ups are located in Delhi and Gurgaon. Now, we want to expand to other parts of India, including Mumbai, Bangalore and Kolkata,” said Naveen Rawat, Co-founder, Holisol.

 

The firm was founded in 2009 by a group of the trio of Rawat, Manish Ahuja and Anoop Raizada. Holisol provides logistics solutions to traditional retailer and e-commerce businesses. Its solutions include consulting and design for e-commerce, distribution modelling, transport packaging and logistics optimisations, among others. It also provides warehousing material handling systems, operations process design, inventory management, pick-up, customer delivery, distribution management, customer & supplier order management, international freight management and ERP implementation support.

 

Currently, Holison has more than 10 customers that include e-commerce companies such as Fab Furnish, FreeCultr, Urban Ladder, Pepperfry, Jabong and OfficeYes. The firm expects a turnover of Rs 40 crore in the current fiscal year.

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