LEAP India Pvt. Ltd. Has raised ₹100 crore in fresh funding from homegrown private equity firm TVS Capital.
Supply chain and logistics solutions provider LEAP India has raised Rs 100 crore (around $14.7 million at the current exchange rate) in fresh funding from homegrown private equity firm TVS Capital, two people aware of the development told TechCircle.
TVS Capital is sponsored by the TVS Group and the Shriram Group and follows a ‘designed for India’ strategy.
The infusion is part of a new funding round as LEAP India looks to embark on an expansion drive, one of the people cited above said on the condition of anonymity.
Email queries sent to LEAP India seeking further details did not yield a response till the time of publishing this report.
Founded in 2013, LEAP India’s offerings span project, freight and logistics management as well as IT and consultation solutions.
Among its flagship products is MyLEAP, a cloud-based tool which offers end-to-end tracking of equipment.