Private Equity Fund Investments
Agri warehousing firm Leap India raises Rs.104-Cr as debt from CDC Group
Coimbatore-based agricultural warehousing and logistics firm Leap India Food and Logistics Pvt Ltd has completed an INR 104 crore round of debt financing from UK-based CDC Group. The company, which seeks to connect the grain supply chain from farm to business, will utilise these funds towards building silos in low-income states. Leap India was advised by Algo Legal while J Sagar Associates was the legal advisor to CDC on the transaction. Founded in 2017 by Rajeev Karthikeyan, Anurag Malempati and Nikhila Karthikeyan, Leap India Food is currently developing 9 locations for INR 700 crore for the Food Corporation of India under the “PPP†mode.
From the Venture Intelligence PE-VC Deal Database: Between Apr-18 and Feb-20, Leap India Food and Logistics had raised funding from IFU and SBICAPS Ventures.
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