Lighthouse Canton closes Rs.350-Cr India-focused VC fund

Singapore-based global investment institution Lighthouse Canton has made the final close of LC Nueva AIF, at INR 350 Cr. The fund is claimed to have received significant interest from large single-family offices and institutional investors such as Small Industries Development Bank of India (SIDBI). The fund invests in revenue generating startups that also have strong unit economics and are not capital-intensive.