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Exclusive: Leap India Secures $63 Million Funding Led by KKR

Logistics solutions startup Leap India has announced a $63 million funding round, marking its first significant capital infusion this year. The Mumbai-based firm has attracted investments from major players, including KKR, Sixth Sense, FirstBridge India, and Madhurima International, positioning it for accelerated growth.

Breakdown of the Funding Round

Leap India’s board recently approved a special resolution to issue a mix of preference and equity shares at ₹400 each, totaling ₹535 crore ($63 million). The funding details, revealed in regulatory filings with the Registrar of Companies (RoC), outline the contributions from investors:

  • KKR (Vertical Holding): ₹333 crore
  • Sixth Sense Ventures: ₹70 crore
  • FirstBridge India: ₹60 crore
  • Madhurima International: ₹50 crore
  • Remaining funds from Niveshaay Sambhav Fund and individual investors.

The newly raised capital will bolster Leap India’s business operations and cover general corporate expenses.

India logistics supply chain warehouse equipment

Leap India’s Valuation and Stake Distribution

Following this funding round, Leap India’s valuation is expected to rise to approximately ₹5,060 crore ($600 million). The latest investment significantly alters the company’s ownership structure:

  • KKR will hold a commanding 78.64% stake, strengthening its majority control.
  • Other notable investors, including Sixth Sense, FirstBridge India, and Madhurima International, will retain smaller stakes of 1.38%, 1.19%, and 0.99%, respectively.

This strategic move is a continuation of KKR’s commitment to Leap India, following its majority stake acquisition last year.

A Leader in Supply Chain Solutions

Leap India provides innovative supply chain solutions tailored for diverse industries. Its offerings include:

  • Equipment pooling
  • Packaging and inventory management
  • Transportation services
  • Repair and maintenance

The company serves clients in sectors such as e-commerce, consumer durables, beverages, and automotive. Over the years, Leap India has established itself as a key player in streamlining logistics for its growing client base.

Financial Snapshot and Historical Investments

While Leap India has yet to release its annual financial statements for the current fiscal year, its FY23 performance showed promising growth:

  • Revenue: ₹257 crore, a 20% year-on-year increase.
  • Profit: ₹9 crore for the same period.

Leap India’s trajectory reflects the impact of previous investments, including $25 million from Morgan Stanley in 2021 and a significant KKR-led stake acquisition in 2023. Last year’s investment enabled early backers like TVS Capital, North Heaven, and Mayfield to exit, consolidating KKR’s role as a principal stakeholder.

The Road Ahead

This fresh funding round underlines Leap India’s ambitious plans to scale its operations and expand its footprint. With robust backing from KKR and other prominent investors, the company is poised to address increasing demand across industries, leveraging its expertise in logistics and supply chain management.

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