Japan’s Mitsui O.S.K. Lines to invest in an Indian logistics startup soon

Japan's Mitsui O.S.K. Lines Ltd (MOL), the world’s second-largest ship owner by fleet size, is preparing to invest in an Indian logistics startup, marking a key step in its strategy to diversify beyond traditional marine operations. The move reflects the company’s growing interest in building a stable, sustainable non-marine portfolio amid the cyclical volatility of global shipping.

MOL recently committed just under ₹2,000 crore for minority stakes in commercial real estate projects in Gurgaon and Chennai, and now has its sights set on India’s booming logistics and supply chain management sector.

“We have concluded discussions with a startup connected to logistics and very soon, hopefully, we will make an announcement about it,” said Captain Anand Jayaraman, Executive Officer, South Asia and Middle East, MOL, during a media interaction.

The upcoming investment is expected to align with broader logistics chain management trends, including real-time logistics planning, logistics planning software, and demand forecasting in logistics areas that are gaining traction among modern logistics service providers in India.

Through MOL Plus, its corporate venture arm launched in 2021, MOL has been actively scouting for startups in logistics and distribution, as well as clean tech and sustainability, particularly under its newer investment platform, MOL Switch, introduced in 2024. An India-focused investment desk has also been established to streamline and fast-track partnership decisions.

“We are looking at acquisition opportunities in the logistics sector; that’s the main focus for acquisition,” Jayaraman added.

MOL’s pivot into India’s logistics ecosystem is driven by the need for more predictable revenue streams and alignment with best logistics strategies for businesses. 
Rather than full buyouts, MOL plans to be a co-investor, targeting startups that can add value to its long-term global supply chain infrastructure.

As India experiences rapid growth in logistics and supply chain trends, MOL’s investment plan signals increasing confidence in the country's infrastructure and innovation potential. The strategic expansion also highlights how global shipping giants are adapting to new business realities by embracing logistics services, smart technologies, and localized partnerships.
An official announcement from MOL regarding the Indian logistics startup investment is expected in the coming weeks.