Lighthouse Fund

Private equity fund Lighthouse on Monday said it has invested Rs 229 crore in luggage brand Safari for an undisclosed stake. The investment by the mid-market consumer and healthcare-focused platform is the second bet taken by its newest fund, Lighthouse India Fund IV AIF, as per an official statement. It was not immediately clear how the company intended to deploy the newly raised funds. Lighthouse's co-founder and partner Sachin Bhartiya said the Private Equity (PE) fund sees structural tailwinds to the travel sector, and added that the Indian luggage market has been a beneficiary of increasing leisure travel and wedding spends. "Safari is uniquely positioned to capture this opportunity with the confluence of expanding discretionary spends and changing consumer behaviour in favour of branded luggage with aspirational appeal," he said. Safari's chairman and managing director Sudhir Jatia said the luggage market still remains "highly unorganised" and his company aims to penetrate .

Lighthouse India Fund and two individual investors Mala Gaonkar and Narotam Sekhsaria sold shares worth nearly Rs 500 in Nykaa

Revfin plans to use the funds to expand its geographical footprint to 25 states and capture over 10 per cent national market share of financed electric three-wheelers

Gifting platform Ferns N Petals on Saturday said Lighthouse India Fund III has invested Rs 200 crore (USD 27 million) in it. The company plans to use the funds to invest in improving its systems and technology to enhance customer experience for all gifting occasions, Ferns N Petals (FnP) said in a statement. "We are very excited to partner with Lighthouse and look forward to learning from their deep consumer insights, developed through a focused investment approach," FnP Founder & Managing Director Vikaas Gutgutia said. The company, which operates through a network of over 400 franchised stores across India, also has operations in the UAE, Singapore, and Qatar and plans to further expand into Saudi Arabia, Malaysia, Indonesia, the Philippines and the UK soon. It expects a turnover of nearly Rs 600 crore in the current financial year. "With this fundraising, we plan to invest in improving our systems and technology to ensure a superlative customer experience for all gifting ...

The Competition Commission of India (CCI) on Tuesday approved Lighthouse Funds' acquisition of additional stake in Bikaji Foods International Ltd. The acquirers are Lighthouse India Fund III and Lighthouse India III Employee Trust, according to a combination notice filed with the regulator. Lighthouse Funds is a USA-based company. It acts as the sponsor and controls private equity funds that make investments in consumer companies in India. Bikaji Foods is engaged in the manufacture and sale of snacks. Lighthouse Funds already exercises control over Bikaji Foods and there is no change in its control as a result of the proposed combination, as per the notice. "Commission approves acquisition of additional equity share capital of Bikaji Foods International by Lighthouse Funds," the regulator said in a tweet.

The India-focused PE firm will use the fund to write cheques of $25 million and below for investees