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Everstone invests Rs 220 cr in Transpole Logistics

Transpole, which provides logistics services like warehousing and distribution, has a presence across India in other regions such as China, South Korea and South-east Asia.

New Delhi: Private equity firm Everstone Capital on Tuesday said it has invested Rs 220 crore in city-based Transpole Logistics.

Transpole, which provides logistics services like warehousing and distribution, has a presence across India in other regions such as China, South Korea and South-east Asia.

"Everstone has invested Rs 220 crore in Delhi-based Transpole Logistics," the private equity firm said in a statement.

The funding would enable Transpole to expand its operations in the country and international locations.

As part of the investment deal, Prateek Dhawan and Venkatesh Srinivasan from Everstone would be joining the Board of Transpole Logistics.

Avendus Capital was the financial advisor to the transaction.

Everstone is a South East Asia focused investor with about USD 1.8 billion dedicated to private equity and real estate. It has invested over USD 1 billion during last six years in India.

PTI