Investcorp acquires 20Cube to expand its presence in India’s growing logistics market
Investcorp has acquired the Indian contract logistics business of 20Cube for about Rs 500 crore and plans to invest a further Rs 500 crore to Rs 750 crore alongside the company’s founders to acquire complementary businesses and build a pan-India contract logistics platform.
Investcorp has acquired contract logistics firm 20Cube 3PL Solutions for Rs 500 crore, reflecting the growing interest in India's expanding logistics sector. The investment firm plans to add Rs 500 crore to Rs 750 crore in further investment alongside the company's founders, Anand Seetharaman and Ranjan Kedia, to acquire complementary businesses and build a pan-India platform.
The transaction comes as India's logistics industry is reshaped by rising manufacturing activity, supply chain modernisation, and increasing demand for organised warehousing. The India contract logistics business will be separated from Singapore-headquartered 20Cube Logistics, which will continue focusing on international freight forwarding.
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