Welspun One to raise ₹4000 crore from global funds to double portfolio

Logistics and warehouses developer Welspun One, is looking to raise ₹4,000 crore, to double its portfolio size to 32 million square feet (msf) by 2028 from 16 msf now.

The company said it is tapping investors including private equity firms and sovereign wealth funds, within Asia and outside, who have already shown considerable interest. The funds are proposed to be raised over the next 9-12 months.

It has already identified the assets that it plans to acquire with a pipeline of around 8 msf across multiple assets.

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It was exploring financial and strategic partnerships at the General Partner (GP) level, it said adding that these alliances would broaden its investor base and position the platform as a node for international investors seeking exposure to India’s rapidly evolving logistics landscape.

Welspun One has already committed 75 per cent of its ₹2,275 crore of Fund 2, within six months of its final close earlier this year. It has also returned 40 per cent of the capital from Fund 1 through two successful exits.

It expects to reach an AUM of $1 billion across 16 Grade A assets by 2026, to become a significant player in the logistics and warehousing sector.

On the prospective investors it is hoping to attract, the company said the next logical step was to harness global partnerships at the GP level. For existing investors, this would mean access to global best practices, advanced technologies, and extensive networks of blue-chip tenants.

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“This will significantly enhance the platform’s leasing velocity and market share, potentially improving investor returns. Tenants will benefit from a wider network of high-quality assets and advanced supply chain solutions designed to adapt to rapid market shifts,” it said.

“By aligning with global partners who bring unmatched expertise and capabilities, we are not only securing capital but also setting a new standard for efficiency, adaptability, and long-term value creation,” said Yash Ravel, CEO Fund Management, Welspun One.