Mumbai, Aug 18: Spark Midas Transactions, the investment banking arm of Spark Capital, has successfully advised NDR Smart Spaces Pvt. Ltd. on securing a strategic INR 225 crore primary equity investment from the International Finance Corporation, a member of the World Bank Group. Spark Midas Transactions acted as the exclusive financial advisor to NDR Smart Spaces, providing end-to-end advisory services through the successful closure of the transaction.
The transaction underscores Spark Midas Transactions' growing track record of advising high-growth businesses on transformative fundraising mandates across sectors. By bringing together NDR Smart Spaces and IFC, Spark has reinforced its ability to structure and execute strategic transactions that create long-term value for clients and investors alike.
The capital raise will enable NDR Smart Spaces to accelerate its expansion plans while reinforcing the increasing interest of marquee global institutions in India's rapidly evolving warehousing and logistics ecosystem.The transaction also reflects the growing confidence of leading global investors in India's logistics and industrial real estate sector, driven by strong structural growth, evolving supply chains and increasing demand for Grade A infrastructure.
Commenting on the transaction, Vaibhav Arren, Executive Director & Business Head - Midas IB, Spark Midas Transactions, said:
“We are pleased to have advised NDR Smart Spaces on this strategic equity investment from IFC. The transaction brings together a high-quality operating platform and one of the world's most respected development finance institutions, reflecting the strength of NDR's business and the long-term potential of India's logistics infrastructure sector. At Spark Midas Transactions, our focus is on helping ambitious businesses access the right strategic capital and build partnerships that support sustainable growth. We thank the NDR management team for their trust and congratulate both NDR and IFC on this significant milestone.”
Mr. Raj Srinivasan, CEO, NDR Smart Spaces commented:
“We are pleased to have partnered with IFC on this INR 225 Cr raise, with Spark Capital acting as our advisor on the transaction. IFC brings not only capital but also deep expertise in supply chain and industrial real estate, and their confidence in our platform reflects the strength of the business we have built. Spark’s Team was instrumental in structuring the deal and aiding us to a successful close.
India's warehousing and logistics sector is supported by steady manufacturing growth, the expansion of e-commerce, and ongoing investment in supply chain infrastructure. We see a long runway ahead and are well positioned to capitalise on it”
