Mumbai-based logistics company, Tuscan Ventures has announced its strategic investment in Singapore based Rasmussen & Simonsen International Pte Ltd. (RSI), for an undisclosed amount.

Under the deal, the company will invest undisclosed sum to pick 40% stake in Rasmussen & Simonsen International.

Founded in 2004, RSI focuses on the significant demand for specialized training and consulting services in the shipping and logistics sectors.

According to official sources, the investment will allow the RSI team to fund its rapid global expansion and add the necessary human capital resources to meet the growing demand for the company's services.

RSI plans to build additional offices in India and other location like China and the UAE.

Private equity firm Tuscan Ventures specializes in value creation through operational excellence in supply chain, logistics and transportation infrastructure. It has offices in Mumbai and Singapore and has 40-years of in-house experience in the global maritime and logistics sector.