This is the largest alternative investment fund (AIF) to date for India's warehousing and logistics sector. 

The new fund follows the success of WOLP Fund 1, which raised ₹500 crore in 2021 from high net-worth investors and family offices.

WOLP Fund 2 aims to develop 8-12 million square feet across tier I and tier II cities, as well as in-city projects in Mumbai, Delhi, and Bangalore. The first fund achieved 100% commitment across six investments totalling approximately 6.5 million square feet within 1.5 years. About 50% of these projects are expected to be delivered, leased, and operational by mid-2023.

The warehousing industry has become a significant contributor to India’s $1 trillion economy, drawing considerable interest from national investors due to favorable policy changes. Welspun One is notable for allowing domestic capital investment in the Indian warehousing sector.

The success of WOLP Fund 1 has encouraged the company to scale up its second fund, providing domestic investors the opportunity to participate in this asset class, which has already attracted substantial foreign institutional capital.