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KKR to double down on LEAP India as company raises $63 mn

VCCircle · 2m

Private equity firm KKR is set to increase its investment in LEAP India Pvt Ltd, a storage and supply chain services provider. KKR is investing INR 333 crore ($62.7 million) in LEAP India's latest funding round, while other investors include Sixth Sense, First Bridge, and Madhurima International. LEAP India specializes in packaging solutions that improve storage and product movement across supply chains. The company has seen notable revenue growth and improved operating profit and margin in recent years. KKR acquired an 80.63% stake in LEAP India in August 2023.