Lighthouse India

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 III on Tuesday offloaded shares of e-commerce beauty company Nykaa for nearly Rs 336 crore through an open market transaction. Lighthouse India Fund III sold 1.84 crore shares in ten tranches at an average price of Rs 182 apiece, as per the block deal data available with the BSE. The total value of the transaction is Rs 335.72 crore. These shares were acquired by ICICI Prudential Mutual Fund (MF), Aditya Birla Sun Life MF, BNP Paribas Arbitrage, Morgan Stanley Asia Singapore Pte and Ontario Teachers Pension Plan Board, among others. The stock of Nykaa, which got listed on the bourses last November, is in focus as the mandatory lock-in period for pre-offer investors came to an end on November 10. On Tuesday, shares of the company closed 4.55 per cent lower at Rs 175.20 per piece on BSE.

30 million shares of FSN e-commerce Ventures, the parent company of the beauty products retailer Nykaa, were sold by the investor on November 10 as the lock-in period ended

Lighthouse India Fund III on Wednesday offloaded shares of Nykaa's parent company FSN E-Commerce Ventures worth Rs 525 crore through open market transactions. According to the bulk deal data available with the BSE, Lighthouse India Fund III, an affiliate of Lighthouse Advisors, sold 3 crore shares of the company. The shares were sold at an average price of Rs 175.13 apiece, taking the aggregate value to Rs 525.39 crore. However, buyer(s) of the shares could not be ascertained. On Wednesday, shares of FSN E-Commerce Ventures closed 3.91 per cent lower at Rs 184.50 on BSE. In a separate transaction, Sion Investment Holdings Pte sold shares of CMS Info systems for Rs 100 crore. Sion Investment Holdings Pte offloaded 30,01,100 shares at an average price of Rs 333.05 per scrip, taking the transaction value to Rs 99.95 crore, as per bulk deal data available with the National Stock Exchange (NSE). Meanwhile, SmallCap World Fund acquired the shares of the company at the same price. CMS

Lighthouse has raised more than $450 million over the years and has invested in Indian companies that include popular online beauty retailer Nykaa and ethnic apparel and home accessories brand Fabindi

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 ...

Last month, the fund had invested Rs 1.6 billion in Duroflex, a leading mattress brand in south India