George Soros-backed fund to invest $2 million in Indian Logistics Co.

Aspada Investment Company, which is backed by billionaire investor George Soros' Economic Development Fund is investing $2 million (Rs. 11 crore) in integrated cold chain trucking operator Schedulers Logistics.

The Mumbai-based firm which provides end to end storage and distribution for fruit, vegetable, food processing and pharmaceutical industries will use the funds to expand in Eastern and North-Eastern states.

'We are thrilled to be working with the Aspada team,' said Arvind Gangoly, chief executive of Schedulers.


ET