ColdEX in talks with PE firms, investors to raise up to Rs500 crore

Mumbai: ColdEX Logistics Pvt. Ltd, a cold chain company, is in
talks with a clutch of private equity (PE) firms and strategic
investors to raise around 300-500 crore, a top official said.

The new round of funding may be a mix of equity and debt and
will also provide an exit route for India Equity Partners, a PE firm
which had invested in the company, said Gaurav Jain, managing
director at ColdEX.

"We will make the final decision about the investor in the next
three to six months and we are trying to see who is best suited for
it," he said in an interview.
The logistics and cold chain industry in India has in recent months
consolidated and raised funds as companies build a war chest to
tap growing demand.

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