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Morgan Stanley India Infrastructure on Thursday said it has invested Rs 180 crore to acquire stake in LEAP India. Founded in 2013, LEAP India is an asset pooling company dedicated to providing dependable and cost-effective solutions to supply chains across India, according to a statement. The company has an asset pool of approx 4 million units, including pallets, foldable large containers (FLC), crates and utility boxes, it said. LEAP now aims to achieve a total asset pool of 6 million and provide technologically advanced products to the market, its founder promoter and managing director Sunu Mathew said. Its business is linked to India s consumption story and primarily caters to fast-moving consumer goods (FMCG), consumer durables, beverages, e-commerce, retail, auto and auto-component manufacturing sectors, Morgan Stanely said in the statement.
Morgan Stanley fund invests $25 mn in LEAP India
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Morgan Stanley and LEAP (Leading Enterprise in Advanced Pooling) today announced that Morgan Stanley India Infrastructure, an infrastructure focused fund on Thursday said that it has invested Rs180 crore ($25 Million) to acquire a stake in LEAP India. Founded by Sunu Mathew in 2013, LEAP is India’s largest pallet pooling company with an asset pool of approx. 4 million units including pallets, foldable large containers, crates and utility boxes.
“This is the single largest round of investment raised by LEAP. Now with Morgan Stanley India Infrastructure as a partner, LEAP aims to achieve a total asset pool of 6 million and provide technologically advanced products to the market, said Sunu Mathew, Founder Promoter and Managing Director of LEAP India.