Platform to Showcase Innovative Startups and Tech NewsPlatform to Showcase Innovative Startups and Tech News
    Facebook Twitter Instagram
    Platform to Showcase Innovative Startups and Tech NewsPlatform to Showcase Innovative Startups and Tech News
    Facebook Twitter YouTube
    • Featured Startups
    • Funding News
    • CEO Interviews
    • Startup Resources
    • Inspiring Stories
    • Submit Startup
      • Pitch VCs
    • More
      • Our Team
      • Advertise
      • Write for us
      • Privacy policy
      • Startup listing
      • Steal The Deal
      • Contact
    Platform to Showcase Innovative Startups and Tech NewsPlatform to Showcase Innovative Startups and Tech News
    Home»News»Logistic Startup Leap India raises Rs 200 crore in debt round
    News

    Logistic Startup Leap India raises Rs 200 crore in debt round

    Girish ShettiBy Girish ShettiAugust 29, 20182 Mins Read
    Facebook Twitter LinkedIn Email
    Share
    Facebook Twitter LinkedIn Email

    Logistic sector enjoys huge popularity among the investment community. This was once again vindicated on Tuesday after Leap India raised Rs 200 crore debt from Piramal Capital & House Finance. The company also informed that it is simultaneously holding discussions with several investors to raise additional Rs 250 crore.

    The total period of loan consists of 7 years with a moratorium period of two years.

    Leap-India
    Logistic Startup Leap India raises Rs 200 crore from Piramal Capital & House Finance.

    Leap India seeks to revolutionize supply chain operation by providing pallets and large foldable containers to companies. Both pallets and large foldable containers are used in large cargo container ships. Company claims that their products help in efficient storage and also in reducing company’s cost of logistic operation.

    Founded in 2013 by Mr. Sunu Mathew, Leap India has already started making good revenue. The company posted a annual revenue of Rs 78 crore in the last financial year.  It aims to increase this to Rs 155 crore in the present financial year.

    The company so far has raised Rs 182 crore through multiple funding rounds. Some of its investors include Mayfield, India Nivesh and Samena Capital.

    Meanwhile, as mention above logistic sector enjoys a pretty good reputation among the investment community.  The fast growing Indian economy and the emergence of e-commerce industry along with other favorable factors have fuelled huge demand for logistic sector.

    This has certainly propelled investors to open up their coffers for logistic startups. Although today there not may be a single unicorn from the logistic industry, this does not discount in any way that the future of the entire logistic industry is pretty bright.

    Apart from Leap India, Some of the other logistic startups that are touted to become dominant players are Locus, ElasticRun, 4tigo, LogiNext and Shadowfax. All these startups are well funded and some of them already enjoy good brand reputation in the logistic industry.

    featured Leap India Logistic Startups startup funding
    Share. Facebook Twitter LinkedIn Email
    Girish Shetti

    Related Posts

    OpenAI may Exit Europe if Regulation Toughens, says CEO Sam Altman

    May 25, 2023

    Netflix kicks off its Password Sharing Feature in U.S & 100 other countries

    May 24, 2023

    WhatsApp finally allows you to Edit Sent Messages

    May 23, 2023

    Instagram faces Global Outage (it is back now)

    May 22, 2023

    Leave A Reply Cancel Reply

    Popular Post
    • Why is one Airpod louder than the other- reason and fixes Why Is One Airpod Louder Than The Other- Reason And Fixes
    • Is Real Estate Investment Trusts a Good Career Path Is Real Estate Investment Trusts a Good Career Path? [Complete Guide]
    • advertisement examples 16 Creative Product Advertisement Examples & Ad Campaigns You Must See
    • Places that hire at 15 Places that Hire at 15 Years – Top Choices for Teenagers
    • Pestel Analysis PESTEL Analysis – What it Means and its 6 Factors Explained
    Category Posts
    • how to reset instagram explore page How to Reset Instagram Explore Page: A Comprehensive Guide
    • how to convert picture to pdf on iphone without app How to Convert Picture to PDF on iPhone Without an App
    • why is share focus status on for some contacts Why Is Share Focus Status On for Some Contacts? Understanding and Managing Your Focus Status
    • why won't my phone send pictures Why Won’t My Phone Send Pictures? Troubleshooting Tips and Solutions
    • Why UX Design is Important For The Success of a Fintech Product Why UX Design is Important For The Success of a Fintech Product
    Our Partners
    Shopping online for Windows tablet - DHgate
    Platform to Showcase Innovative Startups and Tech News
    Facebook Twitter YouTube
    • Popular Posts
    • Advertise
    • Submit A Startup
    • Privacy policy
    • Disclaimer
    © 2023 Techpluto. Designed by Techpluto.

    Type above and press Enter to search. Press Esc to cancel.

    Catch the latest news from Startup World in your Inbox!
    [email protected]