Holisol Logistics Raises Capital From Northern Arc Capital

 

Fundraise will help Holisol scale up its fulfilment network across India and enable its customers to reach their end consumer across 80+ cities in India

Holisol, India’s leading E2E tech-enabled supply chain logistics company, today announced that it has raised debt of USD 3.0m 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 1.5m from Sundeep Bhandari promoted Datavision Systems Pvt. Ltd. In 2015, Holisol raised USD 10m from CLSA Capital Partners and in 2017, CLSA did a follow-on round of USD 10m followed by USD 2.74m 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. Holisol’s pan-India presence, omni-channel capabilities, and ability to resolve supply-side complexities of its customers is helping it achieve new highs in monthly revenue while maintaining healthy profit margins. Holisol 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. Holisol 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.

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.

Commenting on the debt fundraise, Rahul S Dogar, Managing Director & Co-Founder, Holisol Logistics, said “We are highly enthused of 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”.

Commenting on the transaction, Bama Balakrishnan, COO, Northern Arc said, “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.”

 

About Holisol

Holisol was co-founded in June 2009 by Rahul S Dogar, Naveen Rawat and Manish Ahuja, with a value-proposition of Design-Implement-Manage that enables customer experience of working with their own extended team with affordable, strategic, and operational expertise. They also recognized the need to digitize the supply chains as a must. Holisol, thus fulfilled the market need for solutions that enable customer to sell more and reduce costs and not just move goods from point A to B. In the process, Holisol is today India’s largest independent E2E tech-enabled supply chain logistics platform.

Headquartered in Delhi, Holisol today has a workforce of +200 supply chain enthusiasts who are continuously building value through leadership, innovation, and relationships. 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. Holisol 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. Holisol serves 80+ large global and domestic brands across all its lines of business.

 

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.

Northern Arc acts as a critical bridge between emerging sectors and reputed investors, covering the wide gamut of credit opportunities through innovative products and structures. It has developed several innovative structures in the Indian market including the Multi-Originator Securitisation (MOSECTM), the Pooled Loan/Bond Issuance and the Single Issuer Partially Credit Enhanced (SPiCETM) Bond.

Till March 31, 2021, Northern Arc has enabled around INR 95,000 crore of financing in debt for its clients since 2009. Northern Arc’s exposure is spread across 588 districts in 33 states and union territories in India, as on December 31, 2020.  It is backed by marquee private equity players like Leapfrog, IIFL, Accion, Augusta Investments (known as Affirma Capital), Dvara Trust, Eight Roads, Sumitumo Mitsui Banking Corporation and previously by Standard Chartered Private Equity.

 

For more details, please contact:

Kiran Chopra
Head – Communication
Holisol Logistics Pvt. Ltd.
Mobile: +91 9899099874
Email: kiran.chopra@holisollogistics.com