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Logistics firm CWCNSL gets $16 mn venture fund

The Aureos India Fund and ePlanet Ventures have invested US$16 million in Indian container logistics and warehouse management services company Continental Warehousing Corporation (Nhava Seva) Limited (CWCNSL), part of the NDR Group. The Aureos India Fund, an initiative of Aureos Capital, a private equity fund management company specialising in investing in small to mid-sized businesses in emerging markets, has invested US$10 million in CWCNSL. ePlanet Ventures, a leading global venture capital and private equity firm headquartered in Silicon Valley, has invested US$6 million. CWCNSL commenced its operations in the year 2005 and in the last year reported consolidated revenues of Rs.1.5 billion (US$ 31.5 million). […]