Lighthouse Funds

Lighthouse Funds is a private equity firm founded in 2006 and headquartered in Mumbai, India. It focuses on growth equity and early-stage investments in Indian consumer-facing companies, with additional emphasis on the healthcare sector and middle-market businesses. The firm targets companies in India that show scalable consumer frameworks, strong management, and potential for expansion in a dynamic domestic market. Lighthouse Funds leverages its experience as investors and entrepreneurs to support portfolio companies through growth, providing strategic guidance and capital to accelerate expansion.

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 is a medical device manufacturer and exporter based in New Delhi, India. It develops, manufactures, and sells a broad range of disposable medical devices across infusion therapy, anesthesia, gastroenterology, urology, blood management, and surgery and wound care, including cannulas, infusion sets, catheters, masks, and drainage systems, as well as dialysis products and related accessories. The company serves international markets, deriving a majority of its revenue from exports, and operates in a single segment: medical devices. Founded in 1995, it focuses on supplying hospitals and healthcare providers worldwide.

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 manufactures and sells luggage and luggage accessories. Its product range includes hard and soft luggage cases, laptop bags, backpacks, suitcases, trolleys, duffle bags, and other travel essentials.

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
Established in 1987, Bikaji Foods International produces and sells a wide range of Indian food products, including bhujia, namkeen, papad, snacks, and sweets. It exports its products to various countries worldwide and operates retail outlets in India.

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 Indian e-commerce company specializing in beauty and wellness products for men and women. Founded in 2012 by Falguni Nayar, it offers authentic products sourced directly from brands, along with comprehensive content including reviews, expert articles, and a beauty magazine. Nykaa also provides customer support to help choose suitable products.

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 is a diagnostic services company founded in 1992 in Kolkata as Suraksha Diagnostics and Eye Centre. It was among the first centers to offer pathology and radiology under one roof, delivering integrated testing and medical consultation. The company rapidly expanded, opening a second center in Siliguri within three years, the largest facility in the region, serving North Bengal and neighboring states. It has since grown across West Bengal, Bihar, Assam, Meghalaya, and Delhi NCR, building a network that includes a flagship central reference laboratory, satellite laboratories, and diagnostic centers with sample collection points to broaden access to pathology and radiology services for patients and clinicians.

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
Established in 1987, Bikaji Foods International produces and sells a wide range of Indian food products, including bhujia, namkeen, papad, snacks, and sweets. It exports its products to various countries worldwide and operates retail outlets in India.

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 is a diagnostic services company founded in 1992 in Kolkata as Suraksha Diagnostics and Eye Centre. It was among the first centers to offer pathology and radiology under one roof, delivering integrated testing and medical consultation. The company rapidly expanded, opening a second center in Siliguri within three years, the largest facility in the region, serving North Bengal and neighboring states. It has since grown across West Bengal, Bihar, Assam, Meghalaya, and Delhi NCR, building a network that includes a flagship central reference laboratory, satellite laboratories, and diagnostic centers with sample collection points to broaden access to pathology and radiology services for patients and clinicians.

Dhanuka Agritech

Private Equity Round in 2010
Dhanuka Agritech is an India-based manufacturer and marketer of plant-protection agrochemicals, offering herbicides, insecticides, fungicides, miticides, and plant growth regulators in liquids, dusts, powders, and granules. The company operates a nationwide manufacturing and distribution network, with multiple production facilities, warehouses, and branch offices supporting thousands of distributors and dealers and reaching a large number of farmers across India. It maintains a robust research and development program with NABL-accredited laboratories and international collaborations with leading agrochemical companies to bring new technologies to the Indian market. The business also exports its products and is headquartered in Gurugram; it was established in 1985.

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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