International Finance Corporation (IFC) plans to invest around $21 million in LEAP India, a supply chain solutions company. The money will fund the company's capital expenditure plans for the next five years.
IFC's presence as an equity investor will provide comfort to additional investors and help the company attract more debt funding required to complete its expansion plans, said IFC.
In addition to the expected equity investment, the team will also explore long-term debt financing to the company that is currently not available in the local market, said the World Bank's investment arm.
Founded by Sunu Mathew, LEAP India is a