Welspun One raises Rs 2,275 crore for its second fund, targeting India's logistics sector.

Welspun One, a logistics infrastructure developer, has raised Rs 2,275 crore ($304M) for its second fund, with investments from around 800 Limited Partners. The funds aim to strengthen India's logistics sector and reduce costs from 14% to 8%. Welspun One plans to invest in new-age warehousing assets like urban distribution centres, cold chain, agro logistics, and port and airport-based logistics.