A complete logistics and agri-tech solution provider LEAP India grabbed INR 164 Cr in Series B financing round from Danish SDG Investment fund and Neev Fund.

LEAP India strives is to build a large platform of grain storage sites that could assist FCI and the private sector to make grain storage more efficient with the use of technology and modern storage infrastructure.

Moreover, LEAP India, (Leading Enterprise in Advanced Pooling) is a leader in providing pallets and foldable large containers (FLC’s),

having 70 per cent of market share and takes care of the pooling and supply chain requirements in 2500 + locations with over 6 million + total assets managed, 4000 + consumer touchpoints in India. Currently, the company has 22 manufacturing centres and 25 warehouses across the country.

Commenting on the plans, Leap India promoters said, “SDG Fund’s investment along with round two of investment from the Neev Fund, backed by the UK Government - Department for International Development (DFID) and State Bank of India, will allow us to expand and reach a critical size, while, at the same time, team up with strong, foreign institutional investors."

They further stated that with the goal to connect the grain supply chain from farm to business and to transform itself into a robust Agri-Silos and Logistics platform, Leap India will utilise the investment towards tangible future growth.

The investors, however, are acknowledging the country’s complex challenge to enhance food storage mechanisms and attenuate undernourishment. This will also improve the investor's accuracy to the Sustainable Development Goals of poverty alleviation by doubling farmer income through food security in India.