May 7, 2019

Lighthouse closes capital raise for Fund III at Rs 1,750 crore

Lighthouse Funds, a private equity firm focused on growth investments in India’s consumer sector, announced the close of its final fund raise for Fund III at $250 million, or Rs 1,750 crore.

Of the amount, $20 million came from co-invest capital from World Bank’s IFC and a family office from the Middle East, Lighthouse officials said. Lighthouse has made four investments from Fund III, which include footwear-maker Aqualite Industries; Duroflex, a mattress brand in south India; beauty retailer Nykaa; Tynor Orthotics, a manufacturer and exporter of orthopaedic and fracture …

(As published in on Wed, May 7 2019. )

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