Logistics Startup Leap Raises $31.7 Mn To Fund Next Phase Of Growth

Mumbai-based logistics startup Leap India has raised INR 216 Cr ($31.77 Mn) in a Series C funding round led by private equity firm TVS Capital Funds. While TVS Capital has infused INR 100 Cr ($14.52 Mn), Sixth Sense Venture Fund invested INR 32 Cr ($4.64 Mn) and Samena Capital pumped in INR 40 Cr ($5.81 Mn) along with existing investors such as Mayfield and IndiaNivesh Fund. Till date, the company has raised $97 Mn from investors such as TCI Ventures, SSG Capital Management Group, and Rishabh Mariwala, son of Marico founder Harsh Mariwala. Leap India founder and CEO Sunu Mathew said that the fresh funds will help maintain the high growth trajectory. He said, “We are strengthening our capabilities by investing in track and trace technologies, enhancing our information platforms and modernising the operational infrastructure to provide a best-in-class customer experience.