The funds were raised from a diverse pool of approximately 800 Limited Partners (LPs), including high-net-worth and ultra-high-net-worth individuals, family offices, corporates and household institutions.
Together with 'Fund 1', Welspun One's investor base now includes approximately 1,000 unique investors, it said in a statement.
Welspun One had raised Rs 500 crore as part of its first fund in early 2021.
Balkrishna Goenka, Chairman, Welspun World, said, “Our commitment to ramp up critical logistics infrastructure aligns well with India's strategic objective of reducing logistics costs from 14 per cent to 8 per cent, which will enhance the global competitiveness of our industries. "
Welspun One's 'Fund 2' has already invested about 40 per cent of its investable capital in four investments and is expected to infuse the remaining capital over the next 3-4 quarters.
The focus is on "new age" warehousing assets, such as urban distribution centres, cold chain, agri logistics and port and airport-based logistics, the company said.
“Our progress has been remarkable, we have successfully established a well-capitalized platform to achieve assets under management (AUM) of over $1 billion,” said Anshul Singhal, Managing Director, Welspun One.
Together with 'Fund 1', Welspun One's investor base now includes approximately 1,000 unique investors, it said in a statement.
Welspun One had raised Rs 500 crore as part of its first fund in early 2021.
Balkrishna Goenka, Chairman, Welspun World, said, “Our commitment to ramp up critical logistics infrastructure aligns well with India's strategic objective of reducing logistics costs from 14 per cent to 8 per cent, which will enhance the global competitiveness of our industries. "
Welspun One's 'Fund 2' has already invested about 40 per cent of its investable capital in four investments and is expected to infuse the remaining capital over the next 3-4 quarters.
The focus is on "new age" warehousing assets, such as urban distribution centres, cold chain, agri logistics and port and airport-based logistics, the company said.
“Our progress has been remarkable, we have successfully established a well-capitalized platform to achieve assets under management (AUM) of over $1 billion,” said Anshul Singhal, Managing Director, Welspun One.
