New Delhi, Aug. 19 -- Global private equity (PE) firm Investcorp, which has backed Indian companies such as InCred and Wakefit, plans to invest $1 billion in the country over the next five years, drawn by significant growth opportunities in sectors including logistics and manufacturing.

Investcorp on Tuesday said it has invested Rs.500 crore in 20Cube 3PL Solutions, its latest bet on India's logistics sector, and aims to build the company as a platform for organic expansion and acquisitions within the sector.

"We are putting in a substantial amount primarily into the company to be able to drive growth on day one, and we're already starting to look at M&A opportunities to create this as a platform play within the logistics sector," Gaura...