Logistics startup GoBOLT has taken a significant step toward a planned initial public offering (IPO) by converting its parent entity into a public company.
According to regulatory filings, the company’s board has approved a special resolution to change the name of its parent company from Camions Logistics Solutions Private Limited to Camions Logistics Solutions Limited, reflecting its transition to a public limited company.
Founded in 2015 by Parag Aggarwal and his co-founders, GoBOLT is a logistics technology company that operates across both long-haul and short-haul trucking segments. It provides technology-enabled transportation services through a hybrid asset ownership model.
In addition to its logistics operations, the company offers SaaS-based fleet management and customer engagement solutions. Its platform connects more than 5,000 empaneled trucks, serving enterprise customers in sectors including e-commerce, fast-moving consumer goods (FMCG), fast-moving consumer durables (FMCD), and industrial manufacturing.
GoBOLT last raised $20 million in June 2021 in a funding round led by Paragon Partners. To date, the company has secured approximately $28 million in total funding.
The company has yet to release its financial results for FY26. In FY25, GoBOLT reported a 12.6% year-on-year increase in operating revenue to Rs 466 crore, while its net profit more than doubled to Rs 6.5 crore.
