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June 08, 2014

Deal Alert: Aspada to invest $2-M in cold chain operator Schedulers Logistics

Impact investor Aspada has committed to invest over $2 million in Schedulers Logistics, an integrated cold-chain trucking operator that provides end-to-end cold storage and secondary distribution for fresh fruit & vegetable, food processing, and pharmaceutical industries. The investment will be used to increase the company's presence in underserved regions such as the Eastern and North-Eastern states. 

In April 2013, Aspada had announced an investment in end-to-end fresh vegetable supply chain company - Lawrencedale Agri Processing, which aggregates produce and sells to retail consumers in major markets under the LEAF brand. In January 2014, Aspada announced an investment in ThinkLink Supply Chain Services, a provider of turnkey project management, design, skill development and staffing services in India's logistics and supply chain sectors. In March 2014, Aspada made an investment in NeoGrowth Credit, a merchant cash advance business that provides loans to small merchants in India. 

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