A Delhi-based e-commerce logistics solution provider Holisol Logistics has raised the amount of $1.5 million in venture capital funding, as it expands operations.
City-based Holisol, which was set up in June 2009, has received its first venture capital funding of USD 1.5 million from oil and gas professional Sundeep Bhandari, a company official said.
The investment was made by Bhandari through his company Datavision.
Bhandari has been a key figure in the oil and gas industry, having established a number of successful oil and gas ventures in the last two decades. He was Chairing the Corporate Advisory Board of Cairn India till recently and is currently on the Board of dual listed Australian oil and gas company Oilex Ltd.
“The investment has helped Holisol expand its business in new areas and geographical locations,” the official said.
In the current year, Holisol expects to achieve a turnover of about Rs 40 crore.
Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Delhi, E-Commerce, Holisol Logistics, City, Sundeep Bhandari, Oil and Gas, Bhandari, Datavision, Oil and Gas Ventures, Cairn India, Australian Oil and Gas Company, Oilex Ltd.