Global funding agency KKR mentioned it has signed definitive agreements underneath which the funds managed by it should acquire a majority stake in LEAP India, a pallet pooling platform in India, for an unspecified quantity.
LEAP is offering provide chain options, together with tools pooling, returnable packaging, stock administration and motion, transportation, and restore and upkeep, to a diversified and huge buyer base throughout segments reminiscent of e-commerce, client durables, drinks, fast-moving client items and automotive.
The firm operates a community of 21 warehouses and greater than 3,500 buyer areas, and manages greater than 6 million whole belongings, together with pallets and containers, throughout India for purchasers.
Ami Momaya, Director, Infrastructure at KKR, mentioned LEAP would play an essential function in driving the nation’s continued modernisation and development.
Sunu Mathew, Founder and Managing Director at LEAP India, mentioned, “Going forward, we look to tap into KKR’s global expertise to accelerate our growth and deliver impactful solutions to our clients.”
KKR is making this funding as a part of its Asia infrastructure technique. The acquisition of LEAP marks KKR’s newest infrastructure funding in India.
