Emerging Entrepreneurs

Aavishkaar invests ₹40 crore in logistics company GoBOLT

| Updated on October 15, 2018 Published on October 15, 2018

Aavishkaar, an impact fund advisory firm and part of the Aavishkaar-Intellecap group, has invested ₹40 crore from the Aavishkaar Bharat Fund in a Series A round in Camions Logistics Solutions Pvt Ltd, which runs a logistics company under the GoBOLT brand name. GoBOLT will use the funds to strengthen its team, expand presence across India, increase fleet size and develop the technology platform.

Incorporated in 2015, GoBOLT focusses on disintermediation and increased vehicle utilisation by using technology. It focusses on express cargo movement and caters to leading e-commerce and FMCG companies through its fleet of owned and hired vehicles.

The platform helps drive operational efficiencies through better route planning, documentation, and tracking and control.

Published on October 15, 2018
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