LEAP's press release in SCMPro Magazine - Outlay
LEAP's press release in SCMPro Magazine- Expert's Review
SCMPro LSP Summit And Award 2016
LEAP was part of the LSP Summit of SCMPro and was nominated for various award Categories
LEAP won the SCMPro Awards 2016
SCMP is a monthly magazine for Supply Chain professionals for ENTERPRISE USERS as well as SERVICE PROVIDERS. The magazine contains specialist articles, news and information designed to update the readers on the developments in supply chain industry. Specialised articles are also contributed by the Industry Leaders and Academicians. Besides, there are other updates published to keep the readers keep pace with the Industry. Published in the 1st week of the month, the magazine is distributed to the readers through courier.
LEAP Raises Series B Round of Funding
Economic Times , 6/01/2017 : "Mumbai based supply chain solutions company LEAP India Pvt Ltd has raised a Series B round of financing from new investors IndiaNivesh Growth Fund, Sixth Sense and TCI Ventures" The $13 million (approximately Rs 88.34 crore) round saw participation from existing investors Mayfield and Marico's Rishabh Mariwala, who manages Sharp Ventures, the family office of Marico founder and chairperson Harsh Mariwala participated in the round. Founded in 2013, LEAP provides returnable packaging and pooling of equipment. The company caters to Indian companies and MNC clients in the field of FMCG, consumer durables, beverages and auto space. The returnable packaging provided by LEAP include wooden pallets for storing and foldable large containers for transfer and storage of products during movement from one location to the other. “With the onset of GST, the size of warehouses will only get larger.In order to bring efficiency in the supply chain, scaling up these large warehouses seems difficult without the usage of pallets. By leasing pallets to customers, LEAP is ensuring faster proliferation of pallets across India's warehouses,“ said Vikram Godse, managing partner of MF Advisors LLP, the Indian arm of venture capital firm Mayfield. Including the current round, LEAP has raised $ 23 million in equity and debt funding so far. The current round will be utilized for strengthening the team and developing asset pooling service by the company in a largely unorganized market. “Our fundamental of being `Quick and accurate' for distribution of products to the last mile will gain strength,“ said Sunu Mathew, promoter and managing director at LEAP.
"Logistics firm Leap raises $13m in funding"
Times News Network , Bengaluru: Mumbai-based logistics solutions company Leap India has raised $13 million (Rs 88 crore) in series B funding from its existing investors Mayfield,Rishabh Mariwala, who manages Sharp Ventures, the family office of Marico founder Harsh Mariwala, and new investors IndiaNivesh Growth Fund, Sixth Sense and TCI Ventures.Leap previously raised $23 million through a combination of debt and equity.Leap, which counts Carlsberg and Pernod Ricard as customers, provides packaging solutions like wooden pallets and foldable large containers on a rent for storing and moving products across the supply hain. The firm caters to customers in the FMCG, consumer durables,beverages and auto space and has 377 touch points across the country that allows customers to hire and de-hire pallet and foldable containers. Leap competes with Australian logistics solutions firm Chep that offers container pooling services in the country. Sunu Mathew, promoter and managing director of Leap, said fresh capital would be deployed to bolster its technology platform and hire employees as it seeks to expand its footprint into other tier 1 and 2 markets. “Palletization drives efficiency and saves cost significantly.Instead of carton boxes directly loaded on to the trucks, the palletized load increases the truck turnaround time substantially. A 9-tonner truck requires 14 people and 3.5 hours to load and unload carton boxes. But if you palletize it and use a forklift, it takes 30 minutes to load and unload goods. It gives you 15%-17% cost efficiency compared to loading cartons directly onto the trucks,” said Mathew.Vikram Godse, managing partner of MF Advisors, said, “With the onset of GST, the size of warehouses will only get larger. In order to bring about higher levels of efficiency in the supply chain, scaling up these large warehouses seems difficult without the usage of pallets. By variablising capex through leasing of pallets to customers, Leap is ensuring faster proliferation of pallets,” Systematix Capital acted as the sole financial advisor to Leap for this transaction.