LEAP India
Mumbai-based asset-pooling and returnable-packaging company that rents/pools pallets, foldable large containers (FLCs) and other material handling equipment (incl. forklifts) to FMCG, e-commerce, automotive and consumer-durables companies across India. Founded in 2013 by Sunu Mathew. KKR became majority shareholder in August 2023. LEAP filed a ₹2,400 Cr IPO DRHP with SEBI in September 2025 (SEBI approval received December 2025; listing not…
LEAP India: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 6 Aug 2026 | Pre-IPO placement | ₹371.3 Cr | Gamnat Pte Ltd (GIC) Dymon Asia Multi-Strategy Investment (Singapore) Matyas Possessiones Private Limited (promoter Sunu Mathew) | source |
| 24 Dec 2024 | Undisclosed | ₹535 Cr (~$62.8 Mn) | KKR FirstBridge India Madhu Sudhir Jain Madhurima International Niveshaay Sambhav Fund Rakesh Shah Sixth Sense Ventures | source |
| 4 Aug 2021 | Secondary | $34 Mn | IIFL Fund Schroder Adveq | source |
| Jan 2021 ~ | Primary | $25 Mn (₹180 Cr) | Morgan Stanley India Infrastructure | source |
| 26 Jul 2019 | Series C | ₹216 Cr ($31.77 Mn) | TVS Capital Funds IndiaNivesh Fund Mayfield Samena Capital Sixth Sense Ventures | source |
| 29 Aug 2018 | Debt | ₹200 Cr ($28.48 Mn) debt | Piramal Capital & Housing Finance Limited | source |
| 6 Jan 2017 | Series B | ~$13 Mn | IndiaNivesh Growth Fund Mayfield Rishabh Mariwala Sixth Sense Ventures TCI Ventures | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 8 Jan 2025 | LEAP India | CHEP India | ~$85 Mn (₹7,150 Mn enterprise value) | source |
| 2 Aug 2023 | KKR | LEAP India | Undisclosed | source |
| 24 Feb 2023 | LEAP India | SKAN Marine Services | Undisclosed | source |
News on LEAP India
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1 Sep 2026
LEAP India Q1 Profit Rises 30% to ₹24.7 Crore -
14 Aug 2026
LEAP India Shares List at 4% Premium: Hold or Sell?
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Who founded LEAP India?
LEAP India was founded by Sunu Mathew in 2013.
How much funding has LEAP India raised?
LEAP India has raised $200.35 Mn across 7 tracked funding round(s), most recently on 2026-08-06. Figures are compiled from cited public sources.
Who are the investors in LEAP India?
Investors in LEAP India include Gamnat Pte Ltd (GIC), Dymon Asia Multi-Strategy Investment (Singapore), Matyas Possessiones Private Limited (promoter Sunu Mathew), KKR, FirstBridge India, Madhu Sudhir Jain, Madhurima International, Niveshaay Sambhav Fund.
What does LEAP India do?
Mumbai-based asset-pooling and returnable-packaging company that rents/pools pallets, foldable large containers (FLCs) and other material handling equipment (incl. forklifts) to FMCG, e-commerce, automotive and consumer-durables companies across India. Founded in 2013 by Sunu Mathew. KKR became majority shareholder in August 2023. LEAP filed a ₹2,400…
Where is LEAP India headquartered?
LEAP India is headquartered in Mumbai, Maharashtra, India.
What is LEAP India's business model?
LEAP India's core value proposition centers on Asset access instead of ownership (circular economy model).
How does LEAP India make money?
LEAP India's cited revenue streams include Pooled-asset rental fees (pay-per-use vs. buying outright).