Supply Chain Solutions Provider LEAP India Acquires CHEP

Supply chain solutions provider LEAP India, which is raising INR 535 Cr (about $63 Mn) in a funding round led by private equity firm KKR, has acquired CHEP India for an undisclosed amount.

As per a report by VCCircle, the acquisition will solidify LEAP India’s supply chain footprint in the country and expand its reach. As part of the deal, Leap India has gained control of CHEP India’s warehouses, customer base, and its team. 

According to the company’s website, LEAP India, along with subsidiary TARON Material Handling Equipments, and newly acquired CHEP India, has managed 11 Mn assets. The combined entity has a customer base of 1,000 and operates 33 warehouses across the country.

Founded in 2008, CHEP India helps businesses reduce disposable packaging and optimise supply chain operations. A leader in pallet and container pooling, the company caters to sectors such as fast-moving consumer goods (FMCG), automotive, and retail.

Meanwhile, LEAP India, founded in 2013 by Sunu Mathew, provides a wide range of supply chain solutions, including equipment pooling, returnable packaging, inventory management and movement, transportation, and repair and maintenance to a diversified customer base across sectors.

Global investment firm KKR acquired a majority stake in LEAP India in 2023.  

The pallet pooling platform boasts an impressive client base of top brands such as Amazon, Flipkart, LG, Pepperfry, Pepsi, Mahindra, BHEL, Exide, among others.

It has raised over $100 Mn across funding rounds to date and is backed by the likes of TVS Capital, Schroder Adveq, among others.

In 2023, LEAP India acquired Mumbai-based asset-renting firm SKAN Marine.