Lighthouse Funds

Lighthouse Funds is a growth equity investment firm established in 2006 and based in Mumbai, India. The firm focuses on investing in middle-market companies within the consumer and healthcare sectors. Originally rooted in the United States, Lighthouse Funds shifted its attention to India in the mid-2000s, driven by a belief in the country as one of the most dynamic and vibrant economies in the world. The firm aims to support the burgeoning entrepreneurial spirit in India, fostering growth and innovation in its targeted sectors.

Sachin Bhartiya

Partner

Rochelle D'Souza

Vice President

Pande, Tarun

CFO

Boris Siperstein

Partner

39 past transactions

Kalki Fashion

Private Equity Round in 2025
Kalki Fashion provides premium bridal, festive, and occasion wear for both men and women.

Poly Medicure

Post in 2024
Poly Medicure Limited is a New Delhi-based manufacturer of medical devices that operates both locally and internationally. Established in 1995, the company specializes in a wide range of disposable medical products across several categories, including infusion therapy, blood management, gastroenterology, surgery and wound drainage, anesthesia, and urology. Its product offerings encompass IV cannulas, needle-free connectors, central venous catheters, various types of infusion sets, anesthesia devices, and blood collection systems, among others. Poly Medicure derives a significant portion of its revenue from exports, highlighting its presence in global markets. The company is committed to providing high-quality medical solutions to meet diverse healthcare needs.

Parsons Nutritionals

Private Equity Round in 2024
Parsons Nutritionals is a Private Limited Company established under the Companies Act as a Company limited by Shares. It is a non-government corporation registered with the RoC in Delhi.

Kushal's

Series B in 2024
Kushal's is a fashion and jewelry brand specializing in exclusive and antique ornament alternatives. The company offers a diverse range of products, including necklaces, western and Indian jewelry sets, earrings, pendants, bangles, and bracelets. By providing a comprehensive selection of traditional fashion accessories, Kushal's aims to create a seamless shopping experience for customers seeking on-trend and quality jewelry. The brand focuses on catering to women's fashion needs, ensuring that they have access to unique and stylish options.

Kushal's

Secondary Market in 2024
Kushal's is a fashion and jewelry brand specializing in exclusive and antique ornament alternatives. The company offers a diverse range of products, including necklaces, western and Indian jewelry sets, earrings, pendants, bangles, and bracelets. By providing a comprehensive selection of traditional fashion accessories, Kushal's aims to create a seamless shopping experience for customers seeking on-trend and quality jewelry. The brand focuses on catering to women's fashion needs, ensuring that they have access to unique and stylish options.

Medikabazaar

Series D in 2022
Medikabazaar is an online B2B marketplace specializing in medical supplies and equipment, serving both medical institutions and individual practitioners. The platform simplifies procurement by allowing users to search, compare, and purchase medical products through a voice-based search engine and an online payment portal, thus reducing operational costs. With a network of over 50,000 medical establishments and 150,000 independent practitioners across India, Medikabazaar partners with more than 13,000 suppliers, including those in Tier 2 and Tier 3 cities. The company's strategic use of technology has helped organize the complex medical supply market in India, ensuring the availability of global brands at a local level. Additionally, Medikabazaar boasts a robust last-mile delivery system supported by 26 fulfillment centers nationwide, which facilitates the timely delivery of essential medical supplies and enhances the quality of patient care.

Wow! Momo

Series C in 2021
Wow! Momo is a chain of fast-food restaurants that specializes in momos. It operates out of kiosks, food court quick service outlets, shop-in-shop models, and high street quick service restaurants. Wow! Momo was established in 2008 in Kolkata, West Bengal by Sagar Daryani, and Shah Miftaur Rahman.
Shaily Engineering Plastics is a manufacturing company specializing in the production of injection molded precision plastic components and sub-assemblies. It serves various sectors, including healthcare, consumer products, personal care, and automotive industries. The company is known for its diverse product offerings, which include tamper-proof containers and children's toys. A significant portion of its revenue is generated from markets outside India, highlighting its international presence and reach.

Bikaji Foods

Private Equity Round in 2021
Bikaji Foods International Limited is a prominent food producer based in Bikaner, India, specializing in a variety of snacks and sweets. Founded in 1987, the company offers a diverse product range that includes bhujia, namkeen, papad, packaged sweets, and frozen snacks. It serves both domestic and international markets, exporting its products to countries across Europe, North America, the Gulf region, Australia, Japan, and Singapore. In addition to its food products, Bikaji Foods operates retail outlets throughout India and manages Hotel Basant Vihar. The brand has established itself as a significant player in the fast-moving consumer goods sector, catering to the tastes of consumers both locally and abroad.

Fabindia

Private Equity Round in 2019
Fabindia is India's largest private platform for products crafted using traditional techniques and hand-based processes. Based in New Delhi, the company connects over 55,000 rural artisans with urban markets, fostering sustainable employment and preserving India's rich heritage of handicrafts. Fabindia's retail outlets offer a diverse range of textile-based products, including ready-to-wear garments and home accessories, all designed to meet contemporary tastes while remaining affordable. By emphasizing natural and craft-based materials, Fabindia not only supports rural livelihoods but also promotes the revival of traditional skills in the modern marketplace.

Arkis BioSciences

Convertible Note in 2019
Arkis BioSciences develops, markets, and sells advanced catheters and minimally invasive instrumentation for neurosurgery. Arkis' proprietary catheters incorporate Endexo, intended to reduce catheter related complications, while the company's instrumentation is designed to be less invasive over a variety of neurosurgical procedures. Altogether, the company's portfolio enables healthcare practitioners the potential to reduce surgical trauma, shorten surgical duration, and reduce treatment complications.

Aqualite India

Private Equity Round in 2018
Aqualite India is a footwear company that sells shoes, flip-flops, sandals, and slippers. It is on a mission to ensure profitable growth by adhering to the highest quality and comfort standards in footwear. In fact, in order to achieve its goal of providing quality footwear at affordable prices to the average Indian, the company is focusing on developing a culture of operational excellence and fair business practices.

Duroflex

Private Equity Round in 2018
Duroflex is a prominent mattress manufacturer based in Alleppey, India, specializing in a diverse range of sleep products, including mattresses, pillows, and protectors. With over 50 years of experience, the company has evolved alongside changing customer preferences, technological advancements, and market dynamics, while maintaining its commitment to quality and innovation. Duroflex has established itself as India's leading manufacturer of advanced sleep systems and is recognized as the country's largest exporter of sleep and comfort products. The company aims to enhance customer sleep quality by providing a variety of ergonomic and high-quality solutions tailored to meet diverse needs.

Nykaa

Secondary Market in 2018
Nykaa is an e-commerce platform based in Mumbai, India, specializing in the sale and distribution of beauty, wellness, and personal care products for both men and women. Founded in 2012 by Falguni Nayar, Nykaa provides a wide range of authentic products sourced directly from brands, ensuring a reliable delivery experience. The platform also offers a wealth of content, including product reviews, beauty tutorials, expert articles, and an e-beauty magazine, enhancing the shopping experience for consumers. Nykaa aims to deliver a content-driven lifestyle retail experience, serving a diverse portfolio of products within the Indian market.

Tynorindia

Private Equity Round in 2018
Tynorindia was conceived at a time when Orthopedic products available to the Indian patient were either of a very low quality if produced in India or they were very expensive and not affordable if they were imported.Providing world class and innovative solutions in orthopedics and allied fields, through focus on R & D. Its Vision is to work in collaboration with academic and medical fraternity to improve health care standards.

V2 Retail

Post in 2017
V2 Retail Limited is a prominent retail company in India, specializing in the sale of garments, textiles, and accessories. Founded in 2001 and headquartered in New Delhi, the company operates under various brands, including Godspeed, Herrlich, Glamora, ebellia, and Honey Brats. V2 Retail offers a diverse range of products, including ready-made apparel, household merchandise, footwear, toys, cosmetics, and home décor items. The company is known for providing high-quality fashion garments at competitive prices, emphasizing value and variety. As of October 2020, V2 Retail had a network of 77 retail stores, with sizes ranging from 3,500 to 25,000 square feet. Its revenue is primarily generated from apparel sales, and it operates exclusively within the Indian market.

Stylam Industries

Private Equity Round in 2017
Stylam Decorative Laminates are specially designed laminate sheets of classy brown Kraft papers and decorative printed papers fused together using pressure & heat.They are used for wall panelling and to add stylised finishes to furniture items, cabinets, counters, worktops and other installations.

Wow! Momo

Series B in 2017
Wow! Momo is a chain of fast-food restaurants that specializes in momos. It operates out of kiosks, food court quick service outlets, shop-in-shop models, and high street quick service restaurants. Wow! Momo was established in 2008 in Kolkata, West Bengal by Sagar Daryani, and Shah Miftaur Rahman.

Arkis BioSciences

Series A in 2016
Arkis BioSciences develops, markets, and sells advanced catheters and minimally invasive instrumentation for neurosurgery. Arkis' proprietary catheters incorporate Endexo, intended to reduce catheter related complications, while the company's instrumentation is designed to be less invasive over a variety of neurosurgical procedures. Altogether, the company's portfolio enables healthcare practitioners the potential to reduce surgical trauma, shorten surgical duration, and reduce treatment complications.

Fabindia

Private Equity Round in 2016
Fabindia is India's largest private platform for products crafted using traditional techniques and hand-based processes. Based in New Delhi, the company connects over 55,000 rural artisans with urban markets, fostering sustainable employment and preserving India's rich heritage of handicrafts. Fabindia's retail outlets offer a diverse range of textile-based products, including ready-to-wear garments and home accessories, all designed to meet contemporary tastes while remaining affordable. By emphasizing natural and craft-based materials, Fabindia not only supports rural livelihoods but also promotes the revival of traditional skills in the modern marketplace.

Indian Herbs

Private Equity Round in 2015
Indian Herbs manufacturs herbal human and animal health care products intended to produce result oriented products based on original research. Its herbal human and animal health care products offered after a detailed research, scientific development, pharmacological testing and clinical evaluation, helps consumers with pharmaceuticals and drugs primarily for the treatment of ruminants, poultry, pigs, equines, and pets.

CERA Sanitaryware

Private Equity Round in 2015
Cera Sanitaryware Limited is a prominent manufacturer and distributor of sanitary ware and faucet products in India, offering a diverse range of items including water closets, wash basins, urinals, and electronic flushing systems. The company also specializes in faucets such as single lever and sensor taps, as well as a variety of bathroom accessories and wellness products like steam shower rooms and whirlpools. Cera Sanitaryware has established itself as a leader in the industry through continuous innovation, introducing water-saving technologies and contemporary designs that appeal to modern consumers. Founded in 1980 and based in Mehsana, India, Cera Sanitaryware was previously known as Madhusudan Oils and Fats Limited before rebranding in 2002. The company's extensive product portfolio and commitment to quality have made it a preferred choice for customers seeking stylish and functional solutions for their bathrooms and kitchens.

Karma Ayurveda

Venture Round in 2014
Karma Ayurveda is a prominent Ayurvedic healthcare company located in Delhi, India, specializing in natural treatments for kidney disease and other chronic illnesses. Founded by Dr. Puneet Dhawan, an experienced Ayurvedic physician and kidney specialist, the company boasts a team of skilled Ayurvedic doctors who create personalized treatment plans tailored to each patient's needs. With state-of-the-art diagnostic facilities, Karma Ayurveda is committed to accurately diagnosing kidney conditions and effectively monitoring treatment progress. The organization has gained recognition for its dedication to providing high-quality Ayurvedic healthcare services, particularly in the realm of kidney health.

Kamaayurveda

Private Equity Round in 2014
Kama Ayurveda, established in 2002 and based in New Delhi, India, is recognized as a leader in the field of ayurvedic products. The company specializes in manufacturing a diverse range of natural beauty and personal care items, including haircare, skincare, and body care products, all grounded in traditional ayurvedic principles. Its formulations, crafted by experienced ayurvedic practitioners, utilize high-quality herbal extracts to ensure effectiveness and safety. Kama Ayurveda's products are widely used in prestigious spas and hotels globally, with a significant presence in markets such as the USA, France, and Japan. The company prides itself on its commitment to natural ingredients, offering products that are free from artificial colors, animal products, and petrochemicals. Recognized for excellence, Kama Ayurveda received the "Best New Product" award at the Extracts Trade Show in New York, further solidifying its reputation in the wellness industry.

Bikaji Foods

Private Equity Round in 2014
Bikaji Foods International Limited is a prominent food producer based in Bikaner, India, specializing in a variety of snacks and sweets. Founded in 1987, the company offers a diverse product range that includes bhujia, namkeen, papad, packaged sweets, and frozen snacks. It serves both domestic and international markets, exporting its products to countries across Europe, North America, the Gulf region, Australia, Japan, and Singapore. In addition to its food products, Bikaji Foods operates retail outlets throughout India and manages Hotel Basant Vihar. The brand has established itself as a significant player in the fast-moving consumer goods sector, catering to the tastes of consumers both locally and abroad.

Dhanuka Agritech

Private Equity Round in 2010
Dhanuka Agritech Limited is a prominent agrochemical manufacturer based in Gurugram, India, specializing in plant protection products. Founded in 1985, the company offers a diverse range of agrochemicals, including herbicides, insecticides, fungicides, miticides, and plant growth regulators, available in various forms such as liquids, powders, and granules. Dhanuka Agritech has established a robust distribution network that includes over 7,200 distributors and approximately 75,000 dealers, reaching around 10 million farmers across India. The company operates three manufacturing units and maintains a strong research and development division, collaborating with leading global agrochemical firms from the United States, Japan, and Europe to incorporate advanced technologies into its products. In addition to its agrochemical business, Dhanuka Agritech also generates electricity. The company has received multiple accolades, recognizing its contributions to the agrochemical sector and its workplace culture.

Radiant Hospitality

Venture Round in 2009
Radiant Hospitality is a Mumbai based facilities management company. Radiant provides professional housekeeping services and facilities management to hotels, corporate and apartments.

Beacon Hotels

Venture Round in 2009
Beacon Hotels is an eco-friendly hotel chain and management company.

Imperial Spirits

Venture Round in 2008
Imperial Spirits is a manufacturer of fine liquor that offers a diverse range of alcoholic beverages, including whisky, brandy, rum, vodka, gin, and pastis. The company focuses on both domestic and international markets, ensuring that its products are crafted with high-quality grape spirits and special grape extracts, particularly in its brandy blends. Each blend undergoes rigorous testing at the company's technical center to guarantee quality and consistency. Customers can reach out for inquiries through phone, email, and online applications, reflecting Imperial Spirits' commitment to customer service.

UNIBIC

Private Equity Round in 2008
UNIBIC Foods India Pvt. Ltd. is a manufacturer and marketer of premium cookies, offering a diverse range of over 20 flavors, including chocolate chip, fruit and nut, and various sugar-free options. The company's product lineup features unique varieties such as choco nut, ginger nut, and multigrain breakfast cookies, designed to appeal to a broad audience. UNIBIC's cookies are made using select ingredients, such as fruits, nuts, and spices, ensuring a delightful taste and quality. Established in 2004 and based in Bengaluru, India, UNIBIC operates as a subsidiary of Unibic Australia Pty. Ltd. The company's products are available for online purchase through platforms like Big Basket and Amazon, and they are also exported to several countries, including the United Kingdom, Australia, and the Middle East.

Beacon Hotels

Venture Round in 2007
Beacon Hotels is an eco-friendly hotel chain and management company.

UNIBIC

Venture Round in 2007
UNIBIC Foods India Pvt. Ltd. is a manufacturer and marketer of premium cookies, offering a diverse range of over 20 flavors, including chocolate chip, fruit and nut, and various sugar-free options. The company's product lineup features unique varieties such as choco nut, ginger nut, and multigrain breakfast cookies, designed to appeal to a broad audience. UNIBIC's cookies are made using select ingredients, such as fruits, nuts, and spices, ensuring a delightful taste and quality. Established in 2004 and based in Bengaluru, India, UNIBIC operates as a subsidiary of Unibic Australia Pty. Ltd. The company's products are available for online purchase through platforms like Big Basket and Amazon, and they are also exported to several countries, including the United Kingdom, Australia, and the Middle East.

Imperial Spirits

Venture Round in 2007
Imperial Spirits is a manufacturer of fine liquor that offers a diverse range of alcoholic beverages, including whisky, brandy, rum, vodka, gin, and pastis. The company focuses on both domestic and international markets, ensuring that its products are crafted with high-quality grape spirits and special grape extracts, particularly in its brandy blends. Each blend undergoes rigorous testing at the company's technical center to guarantee quality and consistency. Customers can reach out for inquiries through phone, email, and online applications, reflecting Imperial Spirits' commitment to customer service.
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