Within four months of opening its second fund, Welspun One Logistics Parks, an integrated capital and growth management platform with a focus on investing in Grade-A warehouse and logistics assets, secured INR 1,000 crore.
Read also – [Funding alert] Bureau Raises $4.5 Mn led by GMO Venture Partners and Others
This strategy might result in an overall total of 16–18 million square feet across the course of the following 4–5 years, spanning both initial and final-mile operations in tier 1 and tier 2 regions, as reported by Entrepreneur.com
“Our journey in the warehousing sector has been about weaving together the vital threads of investor trust, governance, execution, timely delivery, and a relentless focus on our customers. We are deeply grateful to our investors for their unwavering faith in us, which has powered our successful second fund-raise. It’s indeed heartening to be part of this dynamic growth story of India’s warehousing and logistics sector, and to contribute in our way by ensuring a robust platform for investments and a commitment to deliver excellence,” said Anshul Singhal, managing director, Welspun One Logistics Parks.
Read also – [Funding alert] RenewBuy Secures $40 Mn From Dai-Ichi Life Holdings
“Warehousing continues to be a high conviction area for us, and we believe the industry will grow multi-fold given the government’s sustained policy focus on critical transport infrastructure, manufacturing, and consumption. Welspun One remains committed to delivering best-in-class infrastructure in line with the government’s vision of developing a seamless and resilient logistics system Pan-India. It is heartening to see the domestic alternatives industry growing meaningfully, channelling domestic capital toward productive investments that spur economic growth and nation-building,” said Balkrishan Goenka, chairman, Welspun Group.
Read also – [Funding alert] Factors.ai Secures $3.6 Mn led by Stellaris Venture Partners
About Welspun One Logistics Parks
Anshul Singhal launched Welspun One Logistics Parks (WOLP) in 2019, which provides large-format, institutional Grade A warehouse and industrial parks throughout India. WOLP is an integrated fund, asset, and development management organisation.
Read also – [Funding alert] ReDesyn Secures INR 3.5 crore led by Real Time Angel Fund
