PE Firms to Invest INR904 Million in 20Cube Logistics (Asia)

Source: LiveMint  |  Authors: Deepti Chaudhary

India-focused private equity firm Zephyr Peacock India and Singapore-based private equity firm Credence Partners have agreed to invest INR904 million (approximately US$17 million) in Indian logistics firm 20Cube Logistics. 20Cube offers international transportation and contract logistics services in India, Australia, Sri Lanka, Bangladesh, Malaysia, Singapore, China, Uganda and the United Arab Emirates. The private equity firms will advise 20Cube on strategy, business and management development.