Lighthouse Funds

Lighthouse Funds, established in 2006, is a Mumbai-based private equity firm that invests in early-stage, consumer-facing companies in India. With a focus on the country's dynamic economy, the firm targets middle-market businesses in the consumer and healthcare sectors, aiming to fuel their growth through strategic investments.

Rochelle D'Souza

Vice President

Anshul Jain

Managing Director

Vivek Kumar

Principal

Tarun Pande

Partner and COO

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 manufacturer and seller of medical devices based in New Delhi, India. Established in 1995, the company specializes in disposable medical devices across various categories, including infusion therapy, blood management, gastroenterology, surgery and wound drainage, anesthesia, and urology. Its extensive product portfolio features items such as IV cannulas, central venous catheters, anesthesia devices, blood administration sets, and dialysis products. Poly Medicure has a significant focus on exports, with a majority of its revenue generated from international markets. The company is dedicated to providing high-quality medical solutions to enhance healthcare delivery.

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.

Safari Industries

Post in 2024
Safari Industries (India) Ltd is an Indian company specializing in the manufacturing and marketing of a diverse range of luggage and luggage accessories. The company produces both hard and soft luggage, including suitcases, trolleys, and duffle bags. In addition to traditional luggage, Safari also offers a variety of backpacks, such as laptop bags and formal backpacks, catering to different consumer needs. The company provides online shopping and delivery services, enhancing accessibility for its customers.

Kushal's

Secondary Market in 2024
Kushal's is a fashion and jewelry brand that specializes 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, allowing customers to explore a wide array of traditional fashion accessories in one convenient location. Kushal's is dedicated to providing women with unique and fashionable jewelry options while ensuring a quality shopping experience.

Kushal's

Series B in 2024
Kushal's is a fashion and jewelry brand that specializes 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, allowing customers to explore a wide array of traditional fashion accessories in one convenient location. Kushal's is dedicated to providing women with unique and fashionable jewelry options while ensuring a quality shopping experience.

Medikabazaar

Series D in 2022
Medikabazaar is an online B2B marketplace dedicated to the procurement of medical supplies and equipment. It serves as a centralized platform for medical institutions and individual practitioners, helping them reduce operational costs while providing access to a wide range of global brands. The company connects with over 50,000 medical establishments and 150,000 independent practitioners across India, partnering with more than 13,000 suppliers, including those in Tier 2 and Tier 3 cities. Medikabazaar utilizes technology to streamline the procurement process in a complex market, featuring a voice-based search engine and an online payment portal for user convenience. Its efficient last-mile delivery system, supported by 26 strategically located fulfillment centers, ensures timely delivery of essential medical supplies, thereby enhancing the quality of patient care across diverse healthcare facilities.

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

Post in 2021
Shaily Engineering Plastics, established in 1980 and headquartered in Vadodara, India, is a precision plastic components manufacturer. It specializes in injection molding, serving diverse sectors such as healthcare (producing plastic pumps, spray devices, and insulin injector pens), consumer goods (including kitchenware, toys, and storage products), personal care (cosmetics casings), and automotive industries. The company also exports its products globally, with a significant portion of its revenue coming from international markets.

Bikaji Foods International

Private Equity Round in 2021
Bikaji Foods International Limited is a prominent manufacturer and seller of a diverse range of food products, specializing in traditional Indian snacks and sweets. Founded in 1987 and headquartered in Bikaner, India, with an additional office in Mumbai, the company offers an extensive product line that includes bhujia, namkeen, papad, packaged sweets, frozen snacks, and assorted gift packs. Bikaji Foods has successfully established an international presence, exporting its products to various markets, including Europe, North America, the Gulf countries, Australia, Japan, and Singapore. In addition to its food business, the company also operates Hotel Basant Vihar. With a focus on quality and authenticity, Bikaji has become a recognized FMCG brand both in India and abroad.

Fabindia

Private Equity Round in 2019
Fabindia is India's largest private platform specializing in products crafted through traditional techniques and hand-based processes. Based in New Delhi, the company connects over 55,000 rural producers skilled in handicrafts with urban markets, fostering sustainable employment in rural areas. Fabindia's offerings include a wide range of textile and home accessory products, such as ready-to-wear garments and contemporary home decor items, all designed to be natural, affordable, and reflective of India's rich artisanal heritage. By promoting these traditional crafts, Fabindia not only supports rural artisans but also plays a crucial role in preserving India's cultural craftsmanship.

Arkis BioSciences

Convertible Note in 2019
Arkis BioSciences Inc. specializes in the development and manufacturing of surgical tools and implantable devices aimed at treating conditions such as intracranial hypertension, traumatic brain injury, hemorrhagic stroke, and hydrocephalus. The company focuses on creating advanced catheters and minimally invasive instruments for neurosurgery, incorporating proprietary technologies like Endexo, which helps reduce complications associated with catheter use. Notable products include the Arkis Tunneling Guidewire, which streamlines ventriculoperitoneal shunt procedures, and anti-thrombogenic catheters designed to prevent obstructions. Founded in 2011 and based in Knoxville, Tennessee, Arkis BioSciences is dedicated to enhancing surgical techniques, thereby minimizing patient trauma, decreasing surgical times, and improving overall treatment outcomes. As of 2019, Arkis operates as a subsidiary of Integra LifeSciences Holdings Corporation.

Capital Trust

Private Equity Round in 2019
Capital Trust Limited is a non-banking finance company that provides enterprise and micro-finance loans to micro and small enterprises in India. With 242 branches across 63 districts and 10 states, including Uttar Pradesh, Uttarakhand, and Delhi, the company offers financial support to entrepreneurs in various sectors such as dairy and livestock, retail, manufacturing, and agriculture. Established in 1985 and headquartered in New Delhi, Capital Trust aims to empower small businesses by providing access to capital and guidance for growth and success, as exemplified by the story of Mukesh Kumar and his wife Rukmani from Aligarh who found support for their cosmetics business through the company.

Aqualite India

Private Equity Round in 2018
Aqualite India Pvt Ltd, established in 2004, is a leading manufacturer and distributor of footwear based in Bahadurgarh, India. The company specializes in producing and selling a wide range of footwear, including sandals, flip flops, and slippers, catering to men, women, and children. Aqualite India is committed to driving profitable growth while maintaining the highest standards of quality and comfort. Its mission is to provide affordable, high-quality footwear to the average Indian consumer, achieved through a focus on operational excellence and fair business practices.

Duroflex

Private Equity Round in 2018
Duroflex is a leading manufacturer of mattresses and polyurethane foam products based in Alleppey, India. With over 50 years of experience, the company has established itself as a dominant player in the mattress industry, evolving alongside changing consumer preferences, technological advancements, and market dynamics. Duroflex specializes in a diverse range of sleep products, including mattresses, pillows, and protectors, all designed to enhance the quality of sleep for its customers. The company has also positioned itself as India's largest exporter of sleep and comfort products, reflecting its commitment to innovation and excellence in the sleep systems sector.

Nykaa

Secondary Market in 2018
Nykaa is an e-commerce platform based in Mumbai, India, specializing in a wide range of beauty and wellness products for both men and women. Founded in 2012 by Falguni Nayar, Nykaa sources its products directly from brands to ensure authenticity and quality. The platform not only facilitates the sale and distribution of beauty, personal care, and wellness items but also offers a rich array of content, including product reviews, beauty tutorials, and expert articles, creating an engaging lifestyle retail experience for consumers. Additionally, Nykaa provides personalized assistance through a helpline to help customers select products that best meet their needs, enhancing the overall shopping experience.

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 based in New Delhi, India, specializing in the sale of garments, textiles, and accessories. Founded in 2001, it operates a network of retail stores ranging in size from 3,500 to 25,000 square feet. V2 Retail offers a diverse portfolio of products, including ready-made apparel, household merchandise, footwear, toys, cosmetics, home furnishings, and sports items. The company markets its products under various brands such as Godspeed, Herrlich, Glamora, ebellia, and Honey Brats. Known for its commitment to providing good quality fashion at competitive prices, V2 Retail positions itself as a provider of value and variety in the Indian retail sector. The majority of its revenue is generated from apparel sales, and as of October 2020, it operated 77 retail locations throughout India.

Stylam Industries

Private Equity Round in 2017
Stylam Industries Ltd specializes in the manufacturing and supply of high-pressure laminates, focusing on decorative laminates that combine brown Kraft papers and printed papers through a fusion process involving heat and pressure. The company's product range includes not only decorative laminates but also acrylic and solid surfaces, exterior cladding, and restroom cubicles. These products are designed for various applications, including wall paneling and the enhancement of furniture, cabinets, counters, and worktops, providing stylish finishes for both residential and commercial spaces.

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 Inc. specializes in the development and manufacturing of surgical tools and implantable devices aimed at treating conditions such as intracranial hypertension, traumatic brain injury, hemorrhagic stroke, and hydrocephalus. The company focuses on creating advanced catheters and minimally invasive instruments for neurosurgery, incorporating proprietary technologies like Endexo, which helps reduce complications associated with catheter use. Notable products include the Arkis Tunneling Guidewire, which streamlines ventriculoperitoneal shunt procedures, and anti-thrombogenic catheters designed to prevent obstructions. Founded in 2011 and based in Knoxville, Tennessee, Arkis BioSciences is dedicated to enhancing surgical techniques, thereby minimizing patient trauma, decreasing surgical times, and improving overall treatment outcomes. As of 2019, Arkis operates as a subsidiary of Integra LifeSciences Holdings Corporation.

Fabindia

Private Equity Round in 2016
Fabindia is India's largest private platform specializing in products crafted through traditional techniques and hand-based processes. Based in New Delhi, the company connects over 55,000 rural producers skilled in handicrafts with urban markets, fostering sustainable employment in rural areas. Fabindia's offerings include a wide range of textile and home accessory products, such as ready-to-wear garments and contemporary home decor items, all designed to be natural, affordable, and reflective of India's rich artisanal heritage. By promoting these traditional crafts, Fabindia not only supports rural artisans but also plays a crucial role in preserving India's cultural craftsmanship.

Suraksha Diagnostics

Series B in 2015
Suraksha Diagnostics, established in 1992 in Kolkata, is a prominent provider of comprehensive pathology and radiology services. As one of the earliest diagnostic centers in the region, it has gained a reputation for accuracy and high-quality service. The company expanded rapidly, opening a second facility in Siliguri within three years, which has since become the largest diagnostic center in North Bengal, catering to patients from the surrounding areas and neighboring states. Suraksha Diagnostics continues to grow its footprint across Bengal, Bihar, and the Delhi NCR, offering specialized diagnostic tests in areas such as imaging, cardiology, neurology, and gastroenterology. The organization aims to enhance industry standards through a robust network of laboratory and imaging services, along with tailored offerings for its clientele.

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, founded in 1980 and headquartered in Mehsana. The company offers a diverse range of products including water closets, wash basins, urinals, electronic flushing systems, and bath accessories, catering to various market needs, including special requirements. In addition, Cera provides a wide array of faucets such as single lever and sensor taps, showers, and auxiliary bathroom products. Notably, the company has expanded its portfolio to include wellness products like steam shower rooms and whirlpools, as well as kitchen sinks and tiles. Cera Sanitaryware is recognized for its innovative solutions, having introduced groundbreaking products such as water-saving twin-flush and one-piece WCs, which have set industry benchmarks. As a key player in the sanitary ware industry, Cera is committed to delivering stylish and contemporary products that enhance modern lifestyles across India.

Bikaji Foods International

Private Equity Round in 2014
Bikaji Foods International Limited is a prominent manufacturer and seller of a diverse range of food products, specializing in traditional Indian snacks and sweets. Founded in 1987 and headquartered in Bikaner, India, with an additional office in Mumbai, the company offers an extensive product line that includes bhujia, namkeen, papad, packaged sweets, frozen snacks, and assorted gift packs. Bikaji Foods has successfully established an international presence, exporting its products to various markets, including Europe, North America, the Gulf countries, Australia, Japan, and Singapore. In addition to its food business, the company also operates Hotel Basant Vihar. With a focus on quality and authenticity, Bikaji has become a recognized FMCG brand both in India and abroad.

Karma Ayurveda

Venture Round in 2014
Karma Ayurveda is a prominent Ayurvedic healthcare company located in Delhi, India, specializing in natural remedies for kidney diseases and other chronic conditions. Founded by Dr. Puneet Dhawan, an experienced Ayurvedic physician and kidney specialist, the company emphasizes personalized treatment plans tailored to each patient's needs. Karma Ayurveda boasts a team of highly skilled Ayurvedic doctors and state-of-the-art diagnostic facilities, ensuring accurate diagnosis and effective monitoring of kidney health. With a commitment to providing high-quality Ayurvedic care, the company has established itself as a leading institution in the field of alternative medicine for kidney ailments.

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.

Suraksha Diagnostics

Series A in 2013
Suraksha Diagnostics, established in 1992 in Kolkata, is a prominent provider of comprehensive pathology and radiology services. As one of the earliest diagnostic centers in the region, it has gained a reputation for accuracy and high-quality service. The company expanded rapidly, opening a second facility in Siliguri within three years, which has since become the largest diagnostic center in North Bengal, catering to patients from the surrounding areas and neighboring states. Suraksha Diagnostics continues to grow its footprint across Bengal, Bihar, and the Delhi NCR, offering specialized diagnostic tests in areas such as imaging, cardiology, neurology, and gastroenterology. The organization aims to enhance industry standards through a robust network of laboratory and imaging services, along with tailored offerings for its clientele.

Dhanuka Agritech

Private Equity Round in 2010
Dhanuka Agritech Limited is a prominent agrochemical manufacturer based in Gurugram, India, specializing in a wide array of plant protection products. Established in 1985, the company produces herbicides, insecticides, fungicides, miticides, and plant growth regulators in various formulations, including liquids, powders, and granules. Dhanuka operates a comprehensive distribution network, serving approximately 10 million farmers through over 7,200 distributors and 75,000 dealers across India. With three manufacturing units and 40 warehouses, the company ensures robust market presence facilitated by over 1,000 skilled techno-commercial staff. Dhanuka's commitment to innovation is supported by a strong research and development division, which collaborates with leading agrochemical firms from the United States, Japan, and Europe. The company has received numerous accolades, including recognition as one of the "200 Best under A Billion Companies in Asia Pacific" by Forbes and the "Company of the Year" in the agrochemical sector by FICCI. Furthermore, Dhanuka also engages in electricity generation, contributing to its diverse operations.

XSEED Education

Venture Round in 2010
Xseed Education is dedicated to transforming K-8 education by shifting the focus from rote memorization to effective learning. The company serves 750,000 children through its innovative XSEED School Learning Program, which employs a comprehensive five-step teaching process that emphasizes clear curricular objectives, hands-on activities, reflective analysis, application, and assessment. This approach fosters essential skills such as curiosity, confidence, and higher-order thinking in students. Xseed provides a robust classroom toolkit, which includes over 10,000 detailed teaching plans, application-oriented materials, and skill-focused assessments to offer personalized feedback. Additionally, the company supports educators with year-round coaching and training, enhancing their teaching practices. Xseed is also leveraging technology to further personalize learning experiences for each child. Recognized for its educational innovations, Xseed has been highlighted in prominent publications such as "Learning Re-Imagined" and featured as a case study by MIT's Legatum Center.

Radiant Hospitality Services

Venture Round in 2009
Radiant Hospitality Services is a Mumbai-based facilities management company specializing in professional housekeeping and a wide range of facilities management solutions. The company caters to hotels, corporate offices, and residential apartments, offering services such as guest house management, home care, pantry management, pest control, and dispatch and courier management. Additionally, Radiant provides support services, including help desk and reception management, as well as maintenance and engineering handyman services. Through its comprehensive offerings, Radiant Hospitality aims to enhance the operational efficiency and overall experience for its clients.

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, producing a diverse range of alcoholic beverages including whisky, brandy, rum, white rum, vodka, gin, and pastis. The company is dedicated to crafting high-quality products for both domestic and international markets, utilizing the finest grape spirits and special grape extracts in its brandy blends. Each blend undergoes meticulous crafting and testing at the company's technical center, ensuring that consumers experience the true essence of its spirits. Customer inquiries are effectively managed through phone, email, and online applications, reflecting the company’s commitment to service and quality.

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, producing a diverse range of alcoholic beverages including whisky, brandy, rum, white rum, vodka, gin, and pastis. The company is dedicated to crafting high-quality products for both domestic and international markets, utilizing the finest grape spirits and special grape extracts in its brandy blends. Each blend undergoes meticulous crafting and testing at the company's technical center, ensuring that consumers experience the true essence of its spirits. Customer inquiries are effectively managed through phone, email, and online applications, reflecting the company’s commitment to service and quality.
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