$400M India fund for consumer brands: raised by Lighthouse


Lighthouse Funds is basically a private equity player that has been investing in India since 2008. As per the reports, it has been expected to have $400 million in funds raised by Lighthouse.

Using these funds, the Lighthouse aims to target the fast-growing consumer brands segment in the country. This is going to be the largest funding made by Lighthouse Funds.

Lighthouse has raised more than $450 million over the years across three funds. The company has put its money into various organizations, some of them are Nykaa, Fabindia, Wow Momo, Bikaji, Duroflex, etc.

The investment range of Lighthouse is mainly between $10 million and $30 million. The company has overall invested in around 25 companies.

Its first fund was raised in the year 2009 to the tune of $100 million which was followed by $135 million in 2015 and $230 million in 2019.

In the new funds are expected to close by the end of this year, with existing as well as new investors likely to participate. The existing investors of Lighthouse are International Finance Corporation and CDC.

Apart from being the private equity player, there are other venture capital firms that have unveiled new funds for India which are totaling in excess of $4.7 billion.


"We are seeing good interest, and are hopeful that the strength of the portfolio and performance of Funds II and III are good tailwinds for these discussions," said Mukund Krishnaswami, Founding Partner, Lighthouse Funds, according to the Reuters report.

Tags : Lighthouse, StartupsDekho