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Welspun One Raises Rs 2,275 Crore to Accelerate Logistics Infrastructure Growth in India

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OneOne is an integrated fund and development management platform. It closed its second fund at Rs 2,275 crore, including co-investment commitments. The money will be aimed at expediting the growth of logistics infrastructure in India.

This capital was contributed by a diversified investor base of around 800 limited partners, comprising high net worth individuals, ultra-high net worth individuals, family offices, corporates, and domestic institutions. With this Fund Raise, Welspun One has about 1000 different investors under both 'Fund 1' and 'Fund 2'.

According to Welspun World Chairman Balkrishan Goenka, it would strategically come in line with the country's agenda of reducing the logistical cost from 14 per cent to eight per cent so that Indian industries become more competitive in the world market.

Welspun One's 'Fund 2' has already deployed close to 40% of its investible capital across four strategic investments; the balance capital is platform-agnostic and is targeted for deployment in the next 3-4 quarters, focused mainly on modern warehousing assets like urban distribution centres, cold chain facilities, agro logistics, and Aero logi-hubs and port-based logistics hubs.

Anshul Singhal, Managing Director, Welspun One, took center stage as he pointed out the high momentum of this platform, with an AUM projection destined to well cross $1 billion. This indeed is a reflection of the strong positioning and capability of Welspun One to contribute effectively toward high growth in India's logistics infrastructure sector.

The program does not aim at operational efficiencies alone but facilitates the attainment of broader economic goals focused on improving supply chain dynamics and infrastructure development across key industrial sectors in India.