Prøve GULL - Gratis
Lighthouse exploring fashion jewellery bet
Mint Mumbai
|February 12, 2024
Bengaluru-based Kushal's has 74 brand outlets, primarily in South India
Lighthouse Funds, a mid-market private equity firm known for its investments in Fabindia, Duroflex, and Wow! Momo, is looking to make its maiden investment in the fashion jewellery space, at least two people aware of the development told VCCircle, seeking anonymity.
Lighthouse is in advanced stage of discussions to back Bengaluru-based omnichannel fashion jewellery retailer Kushal's Retail Pvt. Ltd with an investment of around 300 crore ($36 million).
The investment firm may pick up a nearly 20% stake in a deal valuing Kushal's at 1,500 crore, according to one of the individuals.
The deal will include both primary and secondary components, a second person said. India SME Investments is expected to exit after nearly five years of investing in this company, the person added.
Denne historien er fra February 12, 2024-utgaven av Mint Mumbai.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Mumbai
Mint Mumbai
THE WILD RIDE OF SME IPOS: WHAT'S NEXT?
The market for public listings for small and medium enterprises (SMEs) has boomed since covid, fuelled by younger investors with a higher risk appetite, and the growing popularity of digital trading platforms. This surge gave SMEs, which had long struggled with limited funding options, a new avenue for capital.
3 mins
November 19, 2025
Mint Mumbai
How will vertical property cards help flat owners?
Maharashtra plans to include the names of individual flat owners in land records and issue 'vertical property cards' to them, stating their share in a property. These cards will provide a clear legal proof of ownership, benefiting owners, buyers and lenders.Mint explains how.
2 mins
November 19, 2025
Mint Mumbai
Clear sky for shares
Indian shares snapped a six-day winning streak to end lower on Tuesday.
1 min
November 19, 2025
Mint Mumbai
Morgan Stanley bets on India stocks
Indian equities are set to reverse their historic underperformance against emerging market peers next year, powered by government policy actions, according to Morgan Stanley.
1 min
November 19, 2025
Mint Mumbai
CVC, EQT in talks to buy ValueLabs at $1 bn valuation
Global private equity majors EQT Partners, PAG, Blackstone and CVC are among suitors in talks to acquire a controlling stake in software services firm ValueLabs from the promoters, according to three people with information on the deal.
2 mins
November 19, 2025
Mint Mumbai
Should wills be made in city of origin, or where the assets are?
I'm a Hindu man who has lived in Bengaluru for the past five years. I am originally from Mumbai. I own a flat near Koramangala in Bengaluru and do not have any property in Mumbai or anywhere else in the country. Should I make my will in Bengaluru or Mumbai, especially when considering stamp duty and related formalities?
2 mins
November 19, 2025
Mint Mumbai
Apollo Tyres’ margins hold up, but competition is closing in
Apollo Tyres Ltd saw a higher-than-anticipated improvement in profitability in the September quarter (Q2FY26) on easing raw material costs.
1 mins
November 19, 2025
Mint Mumbai
Groww beats BSE m-cap as stock scarcity sparks frenzy
A series of short squeezes, driven by soaring demand and low trading float, has propelled digital investment platform Groww's market value past that of one of the exchanges it listed on, making it the only broker to hold this feat.
3 mins
November 19, 2025
Mint Mumbai
Electric passenger vehicle retail sales surge 57% in Oct
Electric passenger vehicle retail sales rose 57% in October to 18,055 units, with Tata Motors retaining the top slot in the segment, data from industry body Federation of Automobile Dealers Associations (Fada) showed.
1 min
November 19, 2025
Mint Mumbai
Top court takes up PIL on RCom fraud
The Supreme Court on Tuesday issued notices to the government, Central Bureau of Investigation (CBI), Enforcement Directorate (ED) and former promoter of Reliance Communications Anil Ambani on a plea seeking a court-monitored probe into alleged fund diversion and financial irregularities at the company and group entities.
1 mins
November 19, 2025
Listen
Translate
Change font size