India, Jan. 8 -- 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 busines...