The integrated fund and development management platform Welspun One closed its second fund, raising INR 2,275 crore, including co-investment commitments.
The business claims this is the largest domestic fundraise in Indian real estate alternatives.About 800 wealthy people, family offices, corporations, and domestic institutions invested.
One’s 10 million-square-foot property, bringing their total portfolio to 18 million square feet and costing roughly $1 billion.
Balkrishan Goenka, Chairman of Welspun World, said, “Our commitment to advancing critical logistics infrastructure is in perfect alignment with India’s strategic objective of reducing logistics costs from 14% to 8%, thereby enhancing the global competitiveness of our industries. By making strategic investments in essential infrastructure, we aim to streamline logistics operations, stimulate industrial growth, and ultimately contribute to the prosperity of our nation.”
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Fund 2 of Welspun One focuses on “new age” warehousing assets like urban distribution centers, cold chain, agro logistics, and port and airport logistics.
The storage platform of USD 5 billion global business Welspun World, raised INR 500 crore in its maiden round.The firm has committed to six investments totaling 7.2 million square feet across 300 acres in five cities.About 50% has been delivered, with the rest expected in 4–6 quarters.
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Tata Croma, Delhivery, FM Logistics, Asian Paints, and Ecom Express are featured clients.
Anshul Singhal, Managing Director, Welspun One, added, “Embarking on the exploration of new-age warehousing assets represents an exciting journey for us at Welspun One. Our progress has been remarkable, having successfully established a well-capitalised platform poised to achieve an AUM of over USD 1 billion. We will continue to build on this foundation and seek to diversify our limited partner base by augmenting our retail investor base with institutional capital to meet future growth requirements.”
About Welspun
Welspun is a $5 billion Indian conglomerate with rapid growth. We operate in Line Pipes, Home Textiles, Infrastructure, Warehousing, Oil and Gas, Steel, Advanced Textiles, and Flooring Solutions. While headquartered in Mumbai, we lead the Line Pipes and Home Textiles sectors globally.
