Supply chain solutions firm LEAP India raises another $13 mn
LEAP India Pvt Ltd, a Mumbai-based supply chain solutions company, has raised Rs 88.34 crore ($13 million) in its Series B round of funding from a clutch of new and existing investors,
The company will use the funds to hire more professionals and develop its asset-pooling service.
LEAP India provides returnable packaging and pooling of equipment such as wooden pallets, metal wire mesh, boxes and plastic containers. The company offers its services to Indian companies and MNCs in areas such as FMCG, consumer durables, beverages and auto.
The supply chain firm has raised $ 23 million in equity and debt funding so far.
The largest transaction involved Singapore s distressed assets fund management firm SSG Capital Management Group investing Rs 580 crore ($87 million) to acquire a 40% stake in Future Supply Chain Solutions Ltd last year.