Private equity firm L Catterton to raise $600 million for its first India-dedicated fund

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Here’s a structured list based on the provided information:

Fund

  • Name: L Catterton India Fund-I
  • Amount: $600 million

Investors

  • International Finance Corporation (IFC)
    • Investment Amount: $30 million
    • Co-investment Amount: $30 million

Startups Supported

  1. Sugar Cosmetics
  2. Farmley
    • Recent Fundraise: $40 million round led by L Catterton
  3. Drools
  4. Impresario (Parent Company of Restaurant Chain Social)
  5. Jio Platforms (Owned by Reliance Industries)

Founders/Key People

  • Sanjiv Mehta: Former HUL CEO, Executive Chairman for India.
  • Anjana Sasidharan: Partner and Head of India Investments.
  • Scott Chen: Managing Partner, L Catterton Asia.

Fundraising Series

  • Type: Category II AIF (Alternative Investment Fund)

Date

  • Disclosed: (Date not explicitly mentioned in the provided text)

Additional Context

  • L Catterton’s India-focused fund is noted to be the first by a global private equity firm dedicated to India, targeting investments primarily in food and beverages, consumer services, and consumer brands.

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2025-05-28 05:29:00