An affiliate of global private equity firm Warburg Pincus has agreed to invest $125 million (Rs 850 crore) in an Indian logistics company Stellar Value Chaim Solutions.
Stellar Value Chain Solutions is founded and led Anshuman Singh, who previously set up and led Future Supply Chain Solutions for Kishore Biyani’s Future Group. Stellar intends to provide integrated logisticsBSE -5.06 % solutions that will include multi-user modern warehousing, primary and secondary distribution, e-fulfilment and cold storage. The company will serve customers in the food & beverages, FMCG, comsumer durables, electronics, lifestyle, automotive, pharmaceuticals and engineering industries. Singh, Founder and CEO, Stellar Value Chain Solutions called this part of an “exciting stage for the $130 billion Indian logistics and warehousing industry.