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Delhi-based Flywheel Logistics has appointed PwC India to advise it on the deal structure and private equity infusion for it to raise $20 million in its first round of funding.
Flywheel Logistics, a family-owned venture led by Founder and CEO Anil Syal, is into domestic container transportation and warehousing business, and has a network across 18 States. It operates 160 daily departures on 60 national routes with the help of a 750-strong fleet of 40ft and 20 ft TEU containers.
Equity infusion will be used to fund the expansion plans of the company’s container capacities as well as warehouse infrastructure. After the proposed expansion, Flywheel Logistics will be among the top three companies in India offering container transportation, it said in statement.
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