KKR-backed supply chain solutions company Leap India has raised Rs 371.3 crore in a pre-IPO placement, attracting investments from Singapore sovereign wealth fund GIC’s subsidiary Gamnat Pte Ltd, Dymon Asia Multi-Strategy Investment (Singapore), and promoter Sunu Mathew.
The fundraising comes just a day before the company’s Rs 2,480 crore initial public offering (IPO) opens for subscription, reinforcing investor confidence ahead of its public market debut.
GIC Arm Leads the Pre-IPO Investment
According to the company’s public advertisement, Leap India allotted 2.33 crore equity shares at Rs 159 per share.
Gamnat Pte Ltd, a subsidiary of GIC, emerged as the largest investor by investing Rs 280 crore for 1.76 crore shares.
Dymon Asia Multi-Strategy Investment invested Rs 50 crore, while Matyas Possessiones Private Limited, in which promoter Sunu Mathew holds a 99% stake, invested Rs 23 crore.
IPO Opens on August 7
Leap India recently filed its Red Herring Prospectus (RHP) for a Rs 2,480 crore IPO, comprising a fresh issue of Rs 480 crore and an offer for sale (OFS) worth Rs 2,000 crore by existing shareholders.
The public issue is scheduled to open on August 7 and close on August 11.
The company plans to use the proceeds from the fresh issue to repay borrowings, purchase additional pallets, crates, and intermediate bulk containers, and meet general corporate purposes.
Asset Pooling Model for Supply Chains
Founded in 2013, Leap India operates an asset pooling platform that enables enterprises to rent reusable pallets, crates, and intermediate bulk containers instead of purchasing them outright.
The model helps companies reduce logistics costs, improve operational efficiency, and support more sustainable supply chain practices.
As of March 31, 2026, the company managed 14.7 million pooled assets across more than 10,100 customer touchpoints throughout India.
Strong Revenue and Profit Growth
Leap India has delivered robust financial growth ahead of its public listing.
For FY26, the company reported 57% year-on-year growth in operating revenue, which increased to Rs 730 crore from Rs 466 crore in FY25.
During the same period, net profit surged more than 70% to Rs 63 crore, reflecting strong demand for its supply chain asset pooling solutions and improving operational performance.
Demand for Supply Chain Solutions Continues to Rise
As businesses increasingly adopt asset-light logistics models, demand for reusable logistics infrastructure such as pallets and containers continues to grow across manufacturing, FMCG, retail, and e-commerce sectors.
With fresh capital from marquee institutional investors and a strong financial performance ahead of its IPO, Leap India is well-positioned to strengthen its leadership in India’s rapidly evolving supply chain and logistics ecosystem.
