Private Equity Fund Investments
Logistics solutions provider GoBolt raises $20-M from Paragon Partners, others
Delhi-based logistics solutions provider GoBolt has raised USD 20 million in its Series B round, led by Paragon Partners Growth Fund II. Existing investor Aavishkaar Capital also participated in the round that included a small secondary component as well as debt lines from private banks. GoBolt is looking to raise another USD 10 million as part of its extended Series B round and is in talks with other investors. Founded in 2015, the company has reported revenues of INR 200 crore for FY21.
From the Venture Intelligence M&A Deals Database: Between 2016 and 2018, GoBolt had raised over INR 40 Cr from Aavishkaar and MCube Capital. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
Want to receive such news items in your inbox? Click Here to sign up for a trial.
