Leap India, a logistics and supply chain infrastructure company backed by global investment firm KKR, has raised ₹371.3 crore through a pre-IPO placement ahead of its upcoming initial public offering.

The pre-IPO placement saw participation from several notable investors. Gamnat Pte Ltd, a subsidiary of Singapore's sovereign wealth fund GIC, invested alongside Dymon Asia Multi-Strategy Investment (Singapore), and Leap India's promoter Sunu Mathew.

The placement was conducted prior to the opening of the IPO subscription period, allowing these investors to acquire stakes at the pre-issue stage.

Leap India operates in India's pallet pooling and reusable packaging segment, providing shared pallets, containers, and other supply chain infrastructure to industries such as fast-moving consumer goods, retail, agriculture, and pharmaceuticals. The company's model addresses a longstanding inefficiency in Indian logistics, where high dependence on one-way packaging and low palletization rates has contributed to elevated logistics costs relative to global benchmarks.

KKR, a major global private equity and investment firm, is a key backer of Leap India. The firm's involvement underscores the broader investor appetite for India's logistics infrastructure sector, which has drawn sustained capital from both domestic and global funds. GIC, the sovereign wealth fund of Singapore, is one of the world's largest such funds and a prominent investor in Indian companies across various sectors. Dymon Asia is an alternative investment management firm based in Singapore.

India's logistics sector has been a focal point for policy attention, with the government's National Logistics Policy aimed at reducing logistics costs as a share of GDP and improving supply chain efficiency—a backdrop that has supported investment interest in companies building scalable logistics infrastructure.

Further details regarding the IPO, including subscription status and brokerages' assessments, are available in the original report.

Source: CNBC-TV18