(CercleFinance.com) – KKR and LEAP India today announced the signing of definitive agreements under which funds managed by KKR will acquire a majority stake in LEAP India.
Founded in 2013 by Sunu Mathew, LEAP is a leading pallet pooling platform in India, offering a wide range of supply chain solutions including equipment pooling, returnable packaging, inventory management and movement, transportation, repair and maintenance, etc.
Today, the company operates a network of 21 warehouses and over 3,500 customer locations, and manages over 6 million total assets, including pallets and containers, across India for its customers.
“The investment builds on strong macroeconomic tailwinds in India, which emphasize modernizing, automating and optimizing the efficiency of supply chains and logistics services,” explains KKR.
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