 "Warburg Pincus arm invests $125 mn in logistics firm")
Stellar Value Chain Solutions, a third-party logistics company, today said that an arm of Warburg Pincus, a global private equity firm focused on growth investing, has agreed to invest up to $125 million in the company.
Stellar Value Chain Solutions is founded and led by managing director and Chief Executive Officer Anshuman Singh, who previously set up and led Future Supply Chain Solutions for Future Group.
Stellar is looking to serve a large and growing logistics market in India. The company intends to provide integrated logistics solutions that will include multi-user modern warehousing, primary and secondary distribution, e-fulfilment and cold storage. Stellar will enable value creation for its customers across the supply chain through a strong focus on technology and automation.
Anshuman Singh, Founder and CEO, Stellar Value Chain Solutions commented, “This is a very exciting stage for the $130 billion Indian logistics and warehousing industry, which is rapidly transforming and growing whilst also offering a number of consolidation opportunities. Over the next few years, we are looking to provide integrated logistics solutions which will include modern distribution centres and warehousing facilities at strategic locations across India. Our solutions will help customers realign their supply chain networks and unlock value, especially following the implementation of GST. We are excited to partner with Warburg Pincus given the firm’s global expertise in logistics, and experience in working with management teams in India to build durable businesses.”
Viraj Sawhney, Managing Director at Warburg Pincus said: “We believe there is a shortage of high quality providers of outsourced logistics services such as warehouse management and distribution to a wide range of sectors in India. Anshuman brings deep domain expertise and a strong track-record of execution and value creation in this industry. We are excited to partner with Anshuman, and look forward to building Stellar Value Chain Solutions into a world class logistics company with a strong focus on technology and customer satisfaction. We will also seek to drive further consolidation of the third party logistics sector in India through this platform.”