Stellar Value Chain Solutions, a third-party logistics company, has got funding of $125 million from Warburg Pincus, a global private equity firm.

Anshuman Singh, Founder and Chief Executive Officer, Stellar Value Chain, previously set up and led Future Supply Chain Solutions.

Stellar is looking to serve a large and growing logistics market in India. The company intends to provide integrated logistics solutions that will include multi-user modern warehousing, primary and secondary distribution, e-fulfilment and cold storage.

Stellar will enable value creation for its customers across the supply chain through a strong focus on technology and automation. The company will serve customers in the food & beverage, fast moving consumer goods, consumer durables, electronics and high tech, lifestyle, automotive, pharmaceuticals and engineering industries.

Singh said, “This is a very exciting stage for the $130-billion domestic logistics and warehousing industry, which is rapidly transforming and growing whilst offering a number of consolidation opportunities. 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. Our solutions will help customers realign their supply chain networks and unlock value, especially following the implementation of GST”.

Viraj Sawhney, Managing Director at Warburg Pincus said, “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.”

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