Xander Group

Graas, a solution provider the for e-commerce industry, said on Wednesday that it has raised more than $40 million in the first close of a funding round.

Sid Yog, founder of Xander speaks about the investor's strategy in new asset classes such as warehousing and how the group is navigating in NBFC space

It will invest $250 million (Rs 1,750 crore) in logistics, warehousing, and industrial assets in the key industrial corridors

The firm has operating assets across multiple cities, including Bengaluru, Chennai and Delhi

Private equity fund Xander Group recently signed two large property deals in the country, one wherein it bought a special economic zone in Chennai for Rs 2200 crore and in another it bought a mall in Chandigarh for Rs 700 crore. Sid Yog, founder of Xander, which has committed over $2.3 billion in the country, discusses recent acquisitions and strategy going forward with Raghavendra Kamath.You have signed two deals in India. How do you look at the valuations? Have valuations gone up because of competition for rental assets?'We look at valuations deal by deal. Sometimes you see things in a deal others don't or vice versa. Obviously we would only acquire something if we see value going in and the potential for further value creation through asset or financial restructuring and/or asset management. However, relative value is also based on a risk versus return assessment. We have different platforms and strategies which are looking at different return thresholds basis the risk they are ...

Private equity group Xander group has signed two mega property deals in the country worth Rs 3000 crore.The first deal is where it bought a special economic zone in Chennai and second one pertains to a mall acquisition in Chandigarh.In one of the largest private equity deals in real estate in recent years, it has bought a operational special economic zone in Chennai for Rs 2290 crore from Shriram Properties.The deal involves buying 100 per cent stake in Gateway SEZ for Rs 1250 crore and Rs 1040 crore investmnt in the project, Xander said.The deal involves 1.7 million sq ft of occupied and operational SEZ and a partnership with Shriram to deliver the under construction of 1.9 million sq ft.Shriram will continue to develop and own residential and retail components comprising 2.6 million sq ft while Xander will have the ability to develop an additional 1million sq ft, it said.Last year , Canada based Brookfield bought 5 million sq ft of commercial properties of Hiranandani group for $ 1 .