First mile to last mile

“We were in the direct firing line of exporters and importers at CONCOR during 2001-06,” recalls Amit Kumar who, along with three friends – Rajnish Kumar, Durgesh Govil, and Sanjay Mawar – set up Pristine Logistics & Infraprojects Limited

Pristine Logistics in talks to raise Rs400 crore from PE investors

Mumbai: CDC-backed logistics services firm Pristine Logistics & Infraprojects Pvt. Ltd has started talks to raise up to Rs400 crore from private equity investors, at least two people aware of the development said.

“Pristine Logistics has appointed investment bank Spark Capital to advise them on the fund raise. The company has initiated the process and has started reaching out to private equity and infrastructure investors. They plan to raise around Rs300-400 crore in this round of fund raising,” said one of the two people mentioned above, requesting anonymity as the talks are private.

UTI Capital invests Rs 60 crore in Pristine Logistics & Infraprojects

NEW DELHI: UTI Capital has invested Rs 60 crore in Delhi-based startup Pristine Logistics & Infraprojects Pvt Ltd, which plans to set up inland container depots and private freight terminals under public-private partnership model of Indian Railways.

“The company has raised Rs 600 million in the first round of funding from India Infrastructure Development Fund, a private equity fund managed by UTI Capital,” Pristine Logistics’ director Rajnish Kumar said. SSKM Corporate Advisory Pv ..