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Supply chain solutions provider Leap India is raising around 535 crore rupees (around US$62.6 million) in a funding round led by private equity firm KKR through its Vertical Holding entity.
Additional investments will come from Sixth Sense Ventures, FirstBridge India, and Madhurima International.
Founded in 2013, Leap India specializes in supply chain solutions and has raised over US$100 million to date.
A regulatory filing revealed that Leap India’s board approved the issuance of US$11.6 million preference shares and US$1.75 million equity shares at 400 rupees (around US$4.68) per share through a preferential private placement.
The funds will be used for business operations and corporate purposes. Post-transaction, KKR will hold a 78.64% stake in Leap India, while other investors will own small portions.
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