L Catterton to launch $600 Mn India-focused fund; IFC proposes $30 Mn

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

Funds

  • Fund Name: L Catterton India Fund (Fund I)
  • Proposed Investment: Up to $30 million by the International Finance Corporation (IFC)
  • Co-Investment Envelope: Up to $30 million
  • Target Commitments: $600 million

Investors

  • Investor: International Finance Corporation (IFC)

Startups

  • Target Sectors:
    • Food and Beverage
    • Consumer Services (including healthcare)
    • Retail and Restaurants
    • Consumer Brands

Founders

  • Sanjiv Mehta: Former CEO of Hindustan Unilever, partnered with L Catterton to establish the investment vehicle.
  • Anjana Sasidharan: Partner at L Catterton, heading India investments.

Fundraise Series

  • Type: Private equity vehicle focusing on growth capital for mid-market companies.

Date

  • Announcement Date: March 2024

Additional Information

  • Investment Strategy: Focused on companies positioned for scaling in response to consumer demand and economic growth in India.
  • L Catterton’s Existing Portfolio: Includes Sugar Cosmetics, Farmley, Drools, Impresario (owner of restaurant chain Social), and a minority stake in Jio Platforms.

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2025-05-28 09:34:26