L Catterton India fund targets $200-M more
Mumbai-based L Catterton's India consumer-focused joint venture, formed in partnership with former Hindustan Unilever Chairman Sanjiv Mehta in 2024, is targeting a corpus of USD 400 million, with a greenshoe option for an additional USD 200 million. (It had closed USD 200 million in Sep-25.)The fund intends to make seven to nine investments by the end of 2027, with an average cheque size of about USD 50 million per investment. The fund has already deployed half of the USD 200 million raised previously. Current investments from the India fund, along with the Asia fund, include Farmley, Healing Hands Clinic, and Haldiram’s.
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