business 📈 Investcorp pumps ₹500 crore into 20Cube 3PL
Investcorp recently invested ₹500 crore into 20Cube 3PL Solutions, targeting India's logistics sector for growth. This move is part of the firm's broader plan to inject $1 billion into India over the next five years. The investment aims to build 20Cube into a platform for organic expansion and future acquisitions. Currently, 20Cube operates over 7 million sq. ft. of warehousing space and is expected to expand to over 20 million sq. ft. in the coming years. The firm projects doubling its total cumulative investment in India to about $2 billion within this five-year timeframe.