Delhi-based Inlogistics claims to be India's first private container operator and was formed in 2006.
India Value Fund (IVF) has picked up a majority stake in private container trains operator Innovative B2B Logistic Solutions (Inlogistics) for an undisclosed amount. An official from the fund has confirmed this development to VCCircle. An Economic Times report earlier stated that IVF has picked up more than 51% stake in the firm for around Rs 200 crore.
Delhi-based Inlogistics claims to be India's first private container operator and was formed in 2006. It was formed by Bagadiya Brothers (P) and Bothra Shipping.
The company now plans to build rail, terminals, warehousing and other logistics infrastructure across India to offer end to end logistics services to institutional customers. Inlogistics presently has eight container trains, which it plans to increase to 40 in next two years. It has revenues of Rs 80 crore.
India Value Fund, which is raising its fourth fund of $800 million, has a strategy of acquiring controlling stake in portfolio companies. Another one of its recent controlled transactions was Bangalore-based Atria Convergence Technologies (ACT TV), which recently launched IPTV services in the city with an investment of Rs 450 crore.
-- Copyright 2008 VCCircle.com. All rights reserved.
This content/article is provided by Mosaic Media Ventures Private Limited and not by Reuters. All rights, including copyright, in this content/article provided by VCCircle.com are owned or controlled by Mosaic Media Ventures Private Limited. The content may not be copied, broadcast, downloaded and stored (in any medium), transmitted, adapted or changed in any way whatsoever without the prior written permission of Mosaic Media Ventures Private Limited.
Source: http://in.reuters.com/
India Value Fund (IVF) has picked up a majority stake in private container trains operator Innovative B2B Logistic Solutions (Inlogistics) for an undisclosed amount. An official from the fund has confirmed this development to VCCircle. An Economic Times report earlier stated that IVF has picked up more than 51% stake in the firm for around Rs 200 crore.
Delhi-based Inlogistics claims to be India's first private container operator and was formed in 2006. It was formed by Bagadiya Brothers (P) and Bothra Shipping.
The company now plans to build rail, terminals, warehousing and other logistics infrastructure across India to offer end to end logistics services to institutional customers. Inlogistics presently has eight container trains, which it plans to increase to 40 in next two years. It has revenues of Rs 80 crore.
India Value Fund, which is raising its fourth fund of $800 million, has a strategy of acquiring controlling stake in portfolio companies. Another one of its recent controlled transactions was Bangalore-based Atria Convergence Technologies (ACT TV), which recently launched IPTV services in the city with an investment of Rs 450 crore.
-- Copyright 2008 VCCircle.com. All rights reserved.
This content/article is provided by Mosaic Media Ventures Private Limited and not by Reuters. All rights, including copyright, in this content/article provided by VCCircle.com are owned or controlled by Mosaic Media Ventures Private Limited. The content may not be copied, broadcast, downloaded and stored (in any medium), transmitted, adapted or changed in any way whatsoever without the prior written permission of Mosaic Media Ventures Private Limited.
Source: http://in.reuters.com/
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