21.11.2014 - Reverse Logistics may raise $125 million, step into new markets
Refurbished goods retailer Reverse Logistics Corps, which owns and operates GreenDust.com, is in talks with global hedge funds and wealth funds to raise about $125 million (Rs 772 crore) in another round of funding. Among those the Delhi-based company is talking to for Series B capital are Temasek, the sovereign investment arm of the government of Singapore, and hedge fund Falcon Edge Capital, according to two persons privy to the development. Separately, two Middle Eastbased sovereign funds and a Far East-based family office are also believed to be in the running to buy a stake in GreenDust, a transaction that could potentially value the company at between $375 million (Rs. 2,300 crore) and $400 million (Rs 2,470 crore). GreenDust founder Hitendra Chaturvedi and Temasek spokesperson Stephen Foreshaw declined to comment on the developments. An email query sent to Falcon Edge Capital remained unanswered till as of press time. .......................................Full Article: Source