May 19, 2023

This Week's Highlights of Indian Logistics

UK’s SRAM & MRAM Group to invest $100 million in SpiceXpress
This follows a restructuring agreement with aircraft lessor Carlyle Aviation which will pick up stake at anticipated future valuation of $1.5 bn.
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Welspun One Logistics Parks Fund 2 closes first round at ₹500 crore
WOLP Fund 2 was launched in March 2023 with the goal of raising ₹2,000 crore, including a green shoe option of ₹1,000 crore.
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Maersk adds 210,000 sq.ft warehousing space in Bangladesh
With the latest expansion, Maersk has on offer over half a million sq. ft. of dedicated export warehouse in Chattogram.
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Apax Funds make $450 mn investment in IBS Software
Apax will partner closely with IBS Software’s founder and executive chairman, V K Mathews, who will remain the majority shareholder.
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Teleport, Pradhaan sign deal to boost India-SE Asia offering
Teleport wants to employ the world's first (and only) converted A320F to increase its cargo network coverage and palletized capacity.
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Transguard to transport/safeguard diamonds & jewellery from India
Transguard, part of the Emirates Group, is estimated to handle AED 100 million ($27 million) worth of gems and jewellery in 2023.
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NimbusPost partners with India Post to boost order fulfilment
This will enable NimbusPost to provide affordable, reliable shipping services to SMEs, large-scale enterprises, D2C brands, online sellers.
www.itln.in