Mayfield and SIDBIVenture announce new investment in Fourcee
Currently, Fourcee is the only company focused on providing end to end logistics solution for liquid cargo through road and railways using its own specialized designed containers.
By ET Bureau |
MUMBAI: Mayfield India Fund and SIDBIVenture have announced a new investment in Fourcee Infrastructure Equipment Pvt. Ltd. (Fourcee).
Under the terms of the investment, Mayfield India Fund and SIDBIVenture will invest Rs 50 crore in Fourcee to expand their tank terminals, add more uniquely designed containers and grow their infrastructure.
Currently, Fourcee is the only company focused on providing end to end logistics solution for liquid cargo through road and railways using its own specialized designed containers.
Mayfield India's and SIDBIVenture's investment provides an opportunity for Fourcee to expand its footprint and offer logistic solutions in India.
Under the terms of the investment, Mayfield India Fund and SIDBIVenture will invest Rs 50 crore in Fourcee to expand their tank terminals, add more uniquely designed containers and grow their infrastructure.
Currently, Fourcee is the only company focused on providing end to end logistics solution for liquid cargo through road and railways using its own specialized designed containers.
Mayfield India's and SIDBIVenture's investment provides an opportunity for Fourcee to expand its footprint and offer logistic solutions in India.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
