Welspun One raises over 2K crore to enhance logistics infra

Integrated fund and development management platform Welspun One has raised a second fund worth Rs 2,275 crore, inclusive of co-investment commitments, to strengthen logistics infrastructure in the country. 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 domestic institutions. Combined with ‘Fund 1’, Welspun One’s investor base now comprises approximately 1,000 unique investors, a company statement said. Welspun One had raised Rs 500 crore as part of its first fund in early 2021.  “Our commitment to advancing critical logistics infrastructure is in perfect alignment with India’s strategic objective of reducing logistics costs from 14 per cent to 8 per cent, thereby enhancing the global competitiveness of our industries,” said Chairman in a statement.