by Mumbai, India – KKR, a global investment firm, has acquired a controlling stake in LEAP India, a leading pallet pooling platform. The deal was valued at around Rs 3,000 crore (around $400 million).
“We are excited to partner with LEAP India to support its growth and expansion plans,” said Amit Momaya, Director of infrastructure at KKR. “We believe that LEAP India is well-positioned to capitalize on the growing demand for logistics solutions in India.”
LEAP India is a leading pallet pooling platform in India. The company provides a range of logistics solutions, including pallet pooling, inventory management, and transportation. LEAP India has a network of over 1,000 customers and operates in over 100 cities in India.
The acquisition of LEAP India by KKR is a significant development in the Indian logistics market. The deal is a vote of confidence in the growth prospects of the Indian logistics market and the potential of LEAP India to be a leading player in the market.
“We are delighted to partner with KKR,” said Sunu Mathew, Founder and Managing Director at LEAP India. “KKR’s deep experience in the logistics sector and its global network will be invaluable to us as we continue to grow our business.”
The acquisition of LEAP India by KKR is expected to help the company to expand its network, improve its product offerings, and reach new customers. The deal is also expected to help LEAP India to become a more sustainable and efficient company.
Key takeaways from the story:
- KKR has acquired a controlling stake in LEAP India, a leading pallet pooling platform.
- The deal was valued at around Rs 3,000 crore (around $400 million).
- LEAP India is a leading logistics solutions provider in India.
- The acquisition is a significant development in the Indian logistics market.
- The deal is expected to help LEAP India to expand its network, improve its product offerings, and reach new customers.
Implications of the story:
The acquisition of LEAP India by KKR is a significant development in the Indian logistics market. The deal is a vote of confidence in the growth prospects of the Indian logistics market and the potential of LEAP India to be a leading player in the market.
The deal is also expected to help LEAP India to expand its network, improve its product offerings, and reach new customers. This will help to boost the growth of the Indian logistics market and make it more efficient.
The deal is also a sign of the growing interest in the Indian logistics market by global investors. This is a positive development for the Indian economy as it will help to attract more foreign investment into the country.
