Holisol Raises Funding $3M In Debt From Northern Arc

• ByStartupStory     |    June 5, 2021

Logistics startup, Holisol raises funding $3M in debt round from Northern Arc Capital, a leading digital debt platform. This was the fifth round of fundraising for Holisol. According to the startup, it has been consistently witnessing a surge in demand from its customers and Holisol raises finding for its reliable digitised fulfilment services. The new round of funding will help fulfil this demand and accelerate its growth further.

Rahul S Dogar, Managing Director and Co-founder, Holisol Logistics, said speaking about Holisol raises funding, “We are highly enthused of 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”.

Holisol works as a multi-channel fulfilment for B2B and B2C retail, integrated packaging, and logistics. It also offers returnable packaging solutions for auto components, agriculture, and the heavy engineering industry. Holisol works with a number of renowned brands such as Puma, Oriflame, Avon, Mango, Nykaa, Urbanclap, Kama Ayurveda, Ashok Leyland, and Mahindra, and many others.

Bama Balakrishnan, COO, Northern Arc, said, commenting on Holisol raises funding, “Northern Arc is committed to supporting mid-market companies in India through customised 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.”

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