CLSA leads $10m round for India's Holisol Logistics

Holisol will use the proceeds to set up more fulfilment centers, expand its last-mile delivery network, and broaden its supply chain optimization solutions, according to an Economic Times article linked to from the company's Twitter account.

CLSA invested through Aria IV Funds, which focuses on retail and consumer, specialized manufacturing, food and beverage, and consumer technologies. The family of funds generally looks to invest $10-60 million per deal.

Founded in 2009, Holisol claims on its website that a Series A round of funding was secured in 2013. AVCJ Research's records indicate that DataVision Software Solutions made a minority investment in the business in August 2014.

As of January, the company had 15 fulfilment centers nationwide, covering more than 700,000 square feet and capable of processing 60,000 orders per day. E-commerce companies account for the bulk of its orders, with customers including Jabong, Pepperfry and UrbanLadder.

PE investors have committed substantial sums to India's logistics sector, with last-mile delivery services a particular area of focus. Last week, Tiger Global, Accel Partners, Flipkart and a fund linked to Yuri Milner of DST Global committed $25 million to BlackBuck, a business-to-business logistics start-up.

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• Topics
• South Asia
• Expansion
• Technology
• CLSA Capital Partners
• India
• Growth capital
• Logistics
• TMT