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IndoSpace plans to raise investment up to Rs 4,500 Cr in logistics, warehouse parks in TN

YourStoryYourStory · 9m ago
IndoSpace plans to raise investment up to Rs 4,500 Cr in logistics, warehouse parks in TN
Medial

- IndoSpace plans to invest up to Rs 4,500 crore in new logistics and warehouse parks in Tamil Nadu to strengthen its presence in the manufacturing sector. - The investment will support the growing manufacturing sectors like automobile and electronics in Tamil Nadu. - The move is expected to create over 8,000 new jobs and enhance the state's industrial infrastructure. - IndoSpace has already developed over 8.8 million sq ft of completed infrastructure in Tamil Nadu and has an additional 2 million sq ft under construction. - The company's presence in Tamil Nadu includes 15 Grade A parks spread across 649 acres, serving 66 tenants from various sectors. - IndoSpace has a total equity committed to Tamil Nadu of $380 million and offers a potential chargeable area of 15.4 million sq ft in the state.

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IndoSpace to dial up investment in Tamil Nadu to meet warehouse demand

VCCircleVCCircle · 9m ago
IndoSpace to dial up investment in Tamil Nadu to meet warehouse demand
Medial

- IndoSpace plans to increase investment in Tamil Nadu by 41% in the next three years to meet the rising demand for industrial parks. - The demand for warehouse developers has surged as companies aim to diversify supply chains and capitalize on India's economic growth. - The Indian warehousing market is projected to double to $37 billion by 2032. - IndoSpace has already invested $380 million in Tamil Nadu and aims to raise the investment to $536 million. - The company expects to create over 8,000 new jobs in addition to the 15,000 jobs already planned through a previous partnership with the Tamil Nadu government. - Tamil Nadu is a preferred manufacturing destination for global companies such as Foxconn, Samsung, and Tata Motors' Jaguar Land Rover.

Swiggy to invest Rs 1,000 Cr in subsidiary Scootsy for biz expansion

EntrackrEntrackr · 4m ago
Swiggy to invest Rs 1,000 Cr in subsidiary Scootsy for biz expansion
Medial

Swiggy to invest Rs 1,000 Cr in subsidiary Scootsy for biz expansion Food delivery and quick-commerce platform Swiggy Limited has announced an investment of up to Rs 1,000 crore (approximately $117 million) in its wholly owned subsidiary, Scootsy Logistics, to support business expansion and operational growth. The decision was approved at a board meeting held on February 21, 2025, where Swiggy outlined its plan to invest the amount in one or more tranches through a rights issue, as stated in its stock exchange filing. Swiggy confirmed that the investment will be made through cash consideration, with shares priced at Rs 7,640 per share, including a premium of Rs 7,630 per share. The funds will primarily be used for working capital and other capital expenditures to strengthen the company's logistics and supply chain operations. Scootsy Logistics specializes in supply chain services and distribution, including warehouse management, order fulfillment, and last-mile delivery solutions. The company has experienced significant revenue growth over the past three years, reporting a turnover of Rs 5,795.7 crore in FY24, compared to Rs 3,686.2 crore in FY23 and Rs 1,580.3 crore in FY22. In Q3 FY25, Scootsy contributed 42% of Swiggy’s overall operating revenue. Income from this entity increased by 23% QoQ to Rs 1,692 crore in Q3 FY25 from Rs 1,377 crore in Q3 FY24. Despite the investment, there will be no change in Swiggy’s shareholding in Scootsy, and the subsidiary will continue to operate under its existing structure. Swiggy expects this investment to enhance scalability, improve delivery operations, and strengthen its competitive edge in the market.

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