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A month-long exhibition and sale has begun in connection with the anniversary
When four friends joined hands to launch a business, their well-wishers advised them not to mix friendship and money. Ten years later, the friends’ bonding have only strengthened as Sparsh, their venture for bespoke home linen, continues to make a mark among customers.
“That is our biggest gain. Our mothers were worried if the business would mar our friendship,” says Beena Faisal, one of the entrepreneurs. The other three are Shiba Jayan, Sunu Mathew and Latha Kurien.
Bedspreads, bedsheets, table linen, cushions, towels, napkins, quilts, comforters and more are given a distinctive touch with trimmings, embroidery and applique work in Sparsh. “In fact, that is why we called it Sparsh (from
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.
Morgan Stanley India invests ₹180cr in LEAP
January 21, 2021 Morgan Stanley India Infrastructure has made an investment of ₹180 crore to acquire a stake in Leading Enterprise in Advanced Pooling (LEAP).
Founded by Sunu Mathew in 2013, LEAP is a pallet pooling company with an asset pool of approximately 4 million units including pallets, foldable large containers, crates and utility boxes.
LEAP primarily caters to fast moving consumer goods (FMCG), consumer durables, beverages, e-commerce, retail, auto and auto-component manufacturing sectors.
The timber pallets and plastic utility boxes are used by companies in FMCG and beverages sectors. Automotive OEMs and component suppliers use FLCs and crates. LEAP provides these assets on lease and helps in integrating the supply chain across suppliers, manufacturers, 3PL service providers and retailers. LEAP caters to 600+ customers and 7000+ touch-points from a pan-India network of 18 warehouses.