How Much Did GoBolt Raise? Funding & Key Investors

GoBolt has successfully raised $20 million in Series B funding, with investments led by Paragon Partners and Aavishkaar Capital. The company specializes in express supply chain solutions, leveraging advanced technology to optimize logistics and provide reliable services.

Keep reading to explore the intricacies of GoBolt's fundraising journey and the investors backing this innovative platform.

What Is GoBolt?

GoBolt, founded in 2015, is a logistics and supply chain company based in Gurgaon, India. The company specializes in express supply chain solutions, leveraging advanced technology to optimize logistics and ensure reliable services.

Operating primarily in the logistics, railroad, and transportation industries, GoBolt employs over 150 people. The company serves various sectors, including E-commerce, FMCG, FMCD, and Liquor, offering solutions such as Route Dynamics, Partner Management, and Warehouse Management Systems.

How Much Funding Has GoBolt Raised?

1. Seed Round
   • Amount Raised: $850,000
   • Date: June 2016
   • Lead Investors: MCube8
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support early-stage growth and development.
2. Debt Financing
   • Date: November 2017
   • Lead Investors: BlackSoil
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: Typically used for working capital or specific projects.
3. Series A
   • Amount Raised: $5.5 million
   • Date: October 2018
   • Lead Investors: Aavishkaar Venture Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and expand market reach.
4. Debt Financing
   • Date: June 2021
   • Lead Investors: Undisclosed private banks
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: Typically used for working capital or specific projects.
5. Series B
   • Amount Raised: $20 million
   • Date: June 2021
   • Lead Investors: Aavishkaar Venture Capital, Paragon Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale up presence across industries, geographies, and business segments, and to strengthen its technology platform.

GoBolt has raised a total of $26.35 million in funding. The current valuation is not publicly disclosed.

Key Investors

• Aavishkaar Venture Capital
  • Details: Aavishkaar Venture Capital is known for its focus on impact investing, aiming to generate social and environmental impact alongside financial returns. They have been a consistent investor in GoBolt, participating in multiple funding rounds.
  • Investment Focus Areas: Agriculture, financial inclusion, essential services.
  • Notable Investments: GoBolt, AgroStar, Chqbook.
• Paragon Partners
  • Details: Paragon Partners is a private equity firm based in Mumbai, co-founded by Sumeet Nindrajog. They focus on growth-stage investments and have recently invested in GoBolt through their Paragon Partners Growth Fund II.
  • Investment Focus Areas: Consumer products, financial services, healthcare, logistics.
  • Notable Investments: TenderCuts, Maini Precision Products, Cravatex Brands.
• BlackSoil
  • Details: BlackSoil is a venture debt firm that provides structured debt solutions to high-growth companies. They have participated in GoBolt's debt financing rounds.
  • Investment Focus Areas: Technology, healthcare, financial services.
  • Notable Investments: OYO Rooms, LetsTransport, Furlenco.
• MCube8
  • Details: MCube8 is an early-stage venture capital firm that focuses on investing in innovative startups. They led GoBolt's seed funding round.
  • Investment Focus Areas: Technology, consumer products, logistics.
  • Notable Investments: GoBolt, HealthifyMe, Myra Medicines.

What's Next for GoBolt?

GoBolt is poised to capitalize on the burgeoning logistics market in India, driven by the modernization of the highway network and the growth of the e-commerce sector. The company plans to expand its presence across various industries and geographies, leveraging AI and machine learning to enhance its technology platform and drive efficiencies.

With the logistics cost in India estimated at 14% of GDP, there is a substantial market for GoBolt to address inefficiencies and capture a larger share. Future fundraising opportunities are likely as the company scales operations and continues to attract interest from venture capital and private equity firms.

However, GoBolt will face challenges such as high logistics costs, competition from other tech-enabled logistics players, and the need to manage rapid growth while maintaining service quality. Addressing these challenges will be crucial for sustaining its momentum and achieving long-term success.

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