Indxx has advised a logistics company on their fundraising and growth strategy. Indxx helped infuse the company with $3 million of equity funding to expand its current operations.
The fast growing Indian economy offers immense growth potential to the logistics industry. Logistics, including transport and packaging, has seen over 160 M&A deals in the last five years. This is a result of the growth in international and domestic trade volumes and the corresponding need for logistical infrastructure. Continued strong growth in key manufacturing sectors such as automotive, engineering, pharmaceuticals, food processing and textiles (among others) is expected to create new avenues of growth in the logistics industry for years to come.
India's logistics industry is mainly comprised of freight forwarders, and this sector has traditionally been made up of a number of unorganized players. However, freight forwarders are gaining scale (some more than others), and now want to offer other value added services. This, together with their need for working capital, requires them to raise funds.
Indxx has in-depth knowledge of the Indian logistics industry which is driven by our research and business relationships cultivated while working with several companies and funds focused on this sector.