Avendus Capital Advises Leap India on Its Rs 180 cr (USD 25 mn) Fundraise From Morgan Stanley India Infrastructure

This is the single largest round of investment raised by LEAP. With Morgan Stanley India Infrastructure as a partner, LEAP aims to achieve a total asset pool of 4 million and provide technologically advanced products to the market

Given its unique business model and the criticality of its assets, for both storage and transportation, LEAP has been able to navigate the COVID-19 situation successfully and has emerged stronger with an increased market share. In terms of market opportunity, India is hugely under-penetrated in terms of palletization. With our investment, we expect that LEAP will further consolidate its market-leading position

LEAP is the market leader in the Indian pallet pooling industry. Within a short period, it
has established itself as a critical player in its clients’ supply chain ecosystem through an unparalleled focus on superior product offering, customer service and operational excellence. Morgan Stanley’s investment is a testament to the great business built by Sunu and places LEAP in a robust position to consolidate market share in the underpenetrated Indian pallet market