Holisol Logistics raises $3M from Northern Arc Capital in debt financing

Holisol-Logistics-raises-$3M-from-Northern-Arc-Capital-in-debt-financing (source: SaaS Industry)
At a Glance

 Holisol Logistics, which provides end-to-end (E2E) supply chain management solutions, has raised $3M in debt financing from Northern Arc Capital. From what started as a supply chain management consulting firm, today, Holisol provides E2E solutions due to customer demands for supply chain logistics. The proceeds shall be used for the company’s growth and to increase demand

New Delhi-based Holisol Logistics, a supply chain logistics company providing end-to-end (E2E) supply chain management solutions, has announced its raise of $3M in a debt financing round led by Northern Arc Capital.

It is reported that the new capital would be used towards accelerating the company’s growth and in fulfilling its demand. Holisol Logistics claims a steadily increasing surge in demand from its customers for its digitized fulfillment services.

Founded in 2009, Holisol Logistics provides E2E supply chain logistics services across various fields- such as fashion, lifestyle, e-commerce, and others. Though it had started its venture as a supply chain management consulting firm in 2009, it entered the realm of end-to-end management solutions due to the increased demand from its clients.

Holisol’s solutions range from multi-channel fulfillment for B2B and B2C retail, logistics, and integrated packaging and provides returnable packaging solutions for auto components, agriculture, and the heavy engineering industry, reports state. It also works with Puma, Oriflame, Avon, Urbanclap, Kama Ayurveda, Ashok Leyland, and Mahindra.

Rahul S Dogar, co-founder and director of strategy at Holisol Logistics, was enthusiastic about the partnership with Northern Arc, which he states shall help Holisol’s aspirations of getting closer to its mission. Saying that Holisol aspires to create seamless connected logistics solutions for enabling customer success through its platform, Mr. Dogar added, 

We are highly enthused by our 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, co-founder and director of strategy at Holisol Logistics

Bama Balakrishnan, COO at Northern Arc Capital, enunciated Northern Arc’s commitment in supporting Indian mid-market companies through their customized debt solutions that suit their business requirements. Stressing that logistics, as a sector, has displayed astounding resilience despite disruptions, she added that it would remain a focus sector under Northern Arc’s mid-market business. She said, 

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 at Northern Arc Capital
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