Morgan Stanley India invests ₹180cr in LEAP - The Hin

Morgan Stanley India invests ₹180cr in LEAP - The Hindu BusinessLine


Morgan Stanley India invests ₹180cr in LEAP
January 21, 2021
Morgan Stanley India Infrastructure has made an investment of ₹180 crore to acquire a stake in Leading Enterprise in Advanced Pooling (LEAP).
Founded by Sunu Mathew in 2013, LEAP is a pallet pooling company with an asset pool of approximately 4 million units including pallets, foldable large containers, crates and utility boxes.
LEAP primarily caters to fast moving consumer goods (FMCG), consumer durables, beverages, e-commerce, retail, auto and auto-component manufacturing sectors.
The timber pallets and plastic utility boxes are used by companies in FMCG and beverages sectors. Automotive OEMs and component suppliers use FLCs and crates. LEAP provides these assets on lease and helps in integrating the supply chain across suppliers, manufacturers, 3PL service providers and retailers. LEAP caters to 600+ customers and 7000+ touch-points from a pan-India network of 18 warehouses.

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