Gurgaon-based Logistics Tech Firm GoBolt Raises ₹40 Cr from Aavishkaar

Gurgaon-based GoBOLT, a tech-logistics company operating in line haul & short haul trucking, has secured funding of ₹40 crore from Aavishkaar Bharat Fund of Impact investing-focused venture management firm, Aavishkaar-Intellecap Group, reported BusinessLine.

GoBOLT will use the freshly raised capital for adding trucks owned by small driver-owners as well as in expanding its trucking operations to the East and North-East, apart from consolidating its presence in the West, North and South. The startup will also use funds to increase its corporate team size by 2.5 times and increase the drivers on its rolls by three times over the next two years.

Founded in 2015, by Naitik Baghla, Parag Aggarwal and Sumit Sharma, GoBOLT provides smart logistics solutions to companies by harnessing data analytics and IoT. Its logistics platform provides scalable processes and digitization including e-marketplace, SaaS-based Fleet Management System and Integrated multi channel customer interaction, among others.

The startup last raised an undisclosed amount in debt funding from BlackSoil, in November last year. Prior to which, it has raised about $850,000 in Pre-Series A round of funding led by startup incubator MCube8, a division of financial advisory firm MCube Capital.

“We have a corporate team of about 40, and over 50 drivers on our rolls. Over the next two years, we aim to have a corporate team of 100, and three times the number of drivers,” Sumit Sharma told BusinessLine. “We are targeting very small vendors now, and get smaller truck owners and/or drivers, as they are the ones who are at the helm of affairs on the roads," he addeed.

GoBOLT counts Amazon, Flipkart and Ecom Express as its customers and has exclusive rights for running trucks on several routes of Ecom Express and some for Flipkart.

The firm already counts as its customers and has exclusive rights for running trucks on several routes of Ecom Express and some for Flipkart.

Mumbai-based investment firm, Aavishkaar-Intellecap, which is focussed on Asia and Africa, manages assets of over $650 million, according to the company’s website. Last November, in its first close of Bharat fund, Aavishkaar-Intellecap Group raised $25 Million from Triodos Investment Management and Shell Foundation.

In 2015, Delhi-based Connect India, an e-commerce logistics firm, has raised Rs 32 crore from Aavishkaar Venture Management Services.

Founded in 2001, by Vineet Rai, Aavishkaar Venture Capital provides private equity and microfinance solutions for early stage startups.

Gurgaon-based Logistics Tech Firm GoBolt Raises ₹40 Cr from Aavishkaar

Gurgaon-based GoBOLT, a tech-logistics company operating in line haul & short haul trucking, has secured funding of ₹40 crore from Aavishkaar Bharat Fund of Impact investing-focused venture management firm, Aavishkaar-Intellecap Group, reported BusinessLine.

GoBOLT will use the freshly raised capital for adding trucks owned by small driver-owners as well as in expanding its trucking operations to the East and North-East, apart from consolidating its presence in the West, North and South. The startup will also use funds to increase its corporate team size by 2.5 times and increase the drivers on its rolls by three times over the next two years.

Founded in 2015, by Naitik Baghla, Parag Aggarwal and Sumit Sharma, GoBOLT provides smart logistics solutions to companies by harnessing data analytics and IoT. Its logistics platform provides scalable processes and digitization including e-marketplace, SaaS-based Fleet Management System and Integrated multi channel customer interaction, among others.

The startup last raised an undisclosed amount in debt funding from BlackSoil, in November last year. Prior to which, it has raised about $850,000 in Pre-Series A round of funding led by startup incubator MCube8, a division of financial advisory firm MCube Capital.

“We have a corporate team of about 40, and over 50 drivers on our rolls. Over the next two years, we aim to have a corporate team of 100, and three times the number of drivers,” Sumit Sharma told BusinessLine. “We are targeting very small vendors now, and get smaller truck owners and/or drivers, as they are the ones who are at the helm of affairs on the roads," he addeed.

GoBOLT counts Amazon, Flipkart and Ecom Express as its customers and has exclusive rights for running trucks on several routes of Ecom Express and some for Flipkart.

The firm already counts as its customers and has exclusive rights for running trucks on several routes of Ecom Express and some for Flipkart.

Mumbai-based investment firm, Aavishkaar-Intellecap, which is focussed on Asia and Africa, manages assets of over $650 million, according to the company’s website. Last November, in its first close of Bharat fund, Aavishkaar-Intellecap Group raised $25 Million from Triodos Investment Management and Shell Foundation.

In 2015, Delhi-based Connect India, an e-commerce logistics firm, has raised Rs 32 crore from Aavishkaar Venture Management Services.

Founded in 2001, by Vineet Rai, Aavishkaar Venture Capital provides private equity and microfinance solutions for early stage startups.

Logistics Startup GoBolt Bags Pre Series A Round and Bonhomia Gets $500K In Bridge Round Of Funding

B2B logistics startup, GoBolt has raised undisclosed amount in Pre-Series A round while premium tea and coffee capsules brand Bonhomia has secured $500K in a bridge round of funding.

B2B Logistics Startup GoBolt Raises Pre Series A Funding Led by MCube8

New Delhi-based transportation solution provider in B2B segment, Gobolt has raised undisclosed amount in Pre-Series A round led by startup incubator MCube8, a division of financial advisory firm MCube Capital.

The company will use the raised funds in ramping up operations and improving technology. Founded in October 2015 by three alumni of S.P. Jain Institute of Management and Research, viz. Parag Aggarwal, Sumit Sharma and Naitik Baghla, GoBolt provides solutions for on-demand movement of goods between two major cities or ports or from a transportation hub to a final destination in the area. It also provides data services such as Fleet Management System, Control Tower Services, GPS Tracking, and Data analytics.

The portal  serves categories such as automobile, ecommerce, food processing companies, etc. and its clients include PepsiCo and Tupperware, Philips, Cadbury, Panasonic, amongst others.

It has more than 600 trucks on its platform and provides its services across more than 35 cities.

Bonhomia Raises $500K In Bridge Round Of Funding from Valpro Capital, Others

The premium tea and coffee capsules brand Bonhomia has raised $500K in a Bridge round of funding from most of its existing shareholders as well as some new investors including Valpro Capital (the company behind the capital raising platform Enablers) and an entrepreneur running  one of India’s largest consumer electronics companies.

The company is currently in talks with potential strategic investors for investments. Owned and operated by Indulge Beverages, Bonhomia develops and markets a range of premium coffee, tea pods and capsules and coffee machines.

The four-yearold company caters to both retail and institutional segments, including Oberoi Group of hotels, Ritz Carlton and multiple Hyatt hotels. Bonhomia also retails through Amazon and Snapdeal as well as through retail chains Croma, Godrej Nature's Basket and Spencer's Retail, among others. In April 2015, it raised $2 million in two tranches from a group of super angels including Kanwaljit Singh, Shripad Nadkarni, Apurva Salarpuria, Ashok Dhingra, Nita Mirchandani, Sarvesh Sahara , Ramrod Advisors, Gidwani family, Tolmolbol, and Nitesh Kripalani.

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