Cold Chain

Norwest Venture Partners to Invest $10.4M in Cold Chain Logistics Firm Snowman

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Venture and growth capital investor Norwest Venture Partners is picking up 14 per cent stake in the cold chain services firm Snowman Logistics Ltd for Rs 60 crore ($10.4 million) through a fresh issue of shares. The investment is a play on the domestic consumption story for Norwest, a Silicon Valley-headquartered multi-stage investment firm that manages more than $3.7 billion in capital. The deal is expected to value Snowman, a subsidiary of the BSE-listed Gateway Distriparks Ltd, at Rs 420-430 crore. Shares of Gateway Distriparks closed at Rs 116.5, up 0.43 per cent on the BSE on Friday. As […]

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The SupplyChains Magazine editorial team takes great pride in bringing you the best information to help you succeed in your supply chain, logistics or procurement functions. Together, our editors and contributors have more than 50 years of supply chain industry knowledge to share with you.

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