Investcorp set to float India-focused warehousing fund
Mint Mumbai|January 08, 2024
Bahrain-based alternative investment firm, Investcorp, is planning to float a new India-focused warehousing fund to shore up its portfolio in the space over the next 12-18 months, a top executive told VCCircle.
Investcorp set to float India-focused warehousing fund

The investor, with over $50 billion in assets under management globally and a partner with NDR Warehousing in India, is looking to double down on the space here, after its earlier bets in the country panned out well.

"On the back of our earlier warehousing investment strategy, we want to build out our investments into warehousing in India. We are contemplating a warehousing development fund, where, like we have partnered up with NDR, we are looking to partner up with multiple developers across India and help them execute their plans on warehousing investments," said Gaurav Sharma, head-India investments, Investcorp.

"We would want to double our allocation towards warehousing in the next 12-18 months. We think there's an opportunity to put another $100 million to work in the next few months or a year," he added.

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