Warburg Pincus to invest $125 mn in ex-Future Group exec's co

Stellar Value Chain Solutions, a logistics company started by former Future Group executive Anshuman Singh, today said global private equity major Warburg Pincus has agreed to invest USD 125 million in the venture.
"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," Singh said in a statement.
He had set up and led Future Supply Chain Solutions before starting this company.
"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," Warburg Pincus' managing director Viraj Sawhney said.

He added Singh's domain expertise and track record of execution were other draws for the fund.
The company intends to provide integrated logistics solutions that will include multi-user modern warehousing, primary and secondary distribution, e-fulfilment and cold storage.
It is targeting to serve customers in the food and beverage, fast moving consumer goods, consumer durables, electronics and hi-tech, lifestyle, automotive, pharma and engineering industries, the statement said.
Warburg Pincus has invested USD 3.5 billion in India and its bets in the logistics sector include Continental Warehousing, Ecom Express, Embassy Industrial Parks and Gangavaram Port, the statement said.