Fourcee Infrastructure Equipments Pvt Ltd, a logistics company providing bulk logistic solutions, has announced today that General Atlantic LLC has completed an undisclosed investment in the firm to fund its growth initiatives.
General Atlantic would become a minority shareholder in the company and join the board of directors, a company statetement added.
VCCircle was the first to report the development on January 9, 2012.
Fourcee provides bulk logistic solutions in specialised tank trailers and equipment in a cost-efficient manner and caters to metals, manufacturing and specialty chemicals industries. It also provides an end-to-end, full-service logistics chain to customers -- right from manufacturer’s pick-up location to the drop-off point at the customer’s premises.
“Logistics and transportation for important products are key strategic elements for India’s infrastructure development and continued growth,” said Ranjit Pandit, managing director at General Atlantic who will be joining the board of Fourcee.
The PE firm’s other investments in India include Asian Genco, IndusInd and Infotech, among others.
General Atlantic To Invest Up To $125M In Fourcee Infra