your password has been reset successfully, Please login again.

LEAP looks forward to acquiring Rs 100 Crore in two months

LEAP plans to raise funds of Rs 100 crore in two months to expand its geographical reach.
BY BEx Bureau
BusinessEx
Jul 01, 2017

LEAP India, a supply chain management solutions providing company is set out collect a sum of Rs. 100 crores in order to scale up their business while growing and setting up operations in more geographical locations.

The current capacity of the company is to supply over a million wooden pallets. The raw material is imported from Russia for the same. Additionally the company supplies about 20,000 containers on rental basis at a cost of Rs. 1.20-1.60 daily to more than 200 FMCG and automobile companies.

The company aims at reaching Rs. 100 crores this year increase from Rs. 37 crores last year given the increased demand and newer investment in the company. The company has 14 production units and 22 warehouses around the country to manage the huge inventory of over one lakh pallets.

With the growing labour cost and corporate push to improve efficiency has increased demand for pallets across sectors to move their finished goods from factory to warehouse and then to dealers, said Sunu Mathew, Managing Director, LEAP India.

Loscam, the Chinese pallet manufacturing company owned by Merchant Group worth $38 billion, is ready to enter India, looking at the increased demand and growth prospect in the particular industry.

Please add your Comment
SIMILAR News
December 15, 2017
Online home decor startup raises funding of $10 million from Accel Partners, Sequoia Capital and RB ...More
By Akshay Arora
December 15, 2017
Ratan Tata backed Teabox raises $7 million funding from RB Investments, others in Series B funding r ...More
By Akshay Arora
December 14, 2017
Rakesh Jhunjhunwala backs gaming business Nazara Technologies with Rs 180 crore. ...More
By Akshay Arora
December 14, 2017
Online food delivery startup Swiggy add on startup 48East team to build its new initiative Swiggy Ac ...More
By Akshay Arora
December 13, 2017
India's biggest paint maker Asian Paints makes another acquisition of Reno Chemicals in an all cash ...More
By Akshay Arora
December 13, 2017
Munesh Khanna backs Shopholix with Rs 1.5cr funding in pre-series A round of funding. ...More
By Akshay Arora
December 12, 2017
Food chain biz Chai Break raises Rs 5cr investment from Venture Catalysts and plans to expand in tie ...More
By Akshay Arora
December 12, 2017
Fraud Prevention Startup Simility raises $17.5 mn Investment in Series B round from Accel Partners a ...More
By Akshay Arora
December 11, 2017
Vahdam Teas raises funding in Series A round from Friseside Ventures and other existing investors. ...More
By Akshay Arora
December 11, 2017
Ed-tech startups Project Mudra and Logic Roots raises funding from venture capital firm Village Capi ...More
By Akshay Arora
December 08, 2017
The Label Life raises $20 crore funding from Centrum Group’s PE Fund and Kalpavriksh. ...More
By Akshay Arora
December 08, 2017
Emami buys 30 per cent stakes in The Man Company for undisclosed amount. ...More
By Akshay Arora