GoBOLT secures $20 million in funding from Paragon Partners and other investors

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Camions Logistics Solutions, the company behind GoBOLT, announced on Monday that it has raised USD 20 million (about Rs 148.4 crore) from Paragon Partners Growth Fund II and previous investor Aavishkaar Capital. According to a release, the Series B round also includes tiny secondary components as well as debt lines from private banks.

Paragon Partners’ Sumeet Nindrajog is a Co-Founder and Senior Partner will be joining the Board of Directors. GoBOLT, founded in 2015 by Naitik Baghla, Parag Aggarwal, and Sumit Sharma, provides line haul express solutions to e-commerce and non-e-commerce businesses, and has grown at a 6X rate in the last three years.