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L Catterton to step up India focus over 2 yrs
Mint Mumbai
|October 04, 2023
The PE fund may write checks of $25-150 mn for growth-stage startups
Consumer-focused private equity fund L Catterton, backed by French Luxury brand LVMH, is looking to accelerate investments in India over the next 12-24 months, a top company official said.
The PE firm, which raised a $1.4 billion Asia fund in 2019 to deploy in China, Japan and India, is scouting for opportunities across consumer sub-segments, Anjana Sasidharan, partner and head of India at L Catterton said in an interview.
Founded in 1989, L Catterton manages around $33 billion of equity capital across private equity, credit and real estate.
So far in India, it has invested in companies such as Reliance Jio Infocomm ($250 million along with co-investors) Sugar Cosmetics ($50 million along with co-investors) and Drools Pet Food ($60 million).
A lot is going in India’s favour for global investors to be excited about, Sasidharan said.
This story is from the October 04, 2023 edition of Mint Mumbai.
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