L Catterton to step up India focus over 2 yrs

The PE fund may write checks of $25-150 mn for growth-stage startups

- Sneha Shah

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.