Lighthouse Funds, a mid-market private equity firm known for its investments in Fabindia, Duroflex, and Wow! Momo, is looking to make its maiden investment in the fashion jewellery space, at least two people aware of the development told VCCircle, seeking anonymity.
Lighthouse is in advanced stage of discussions to back Bengaluru-based omnichannel fashion jewellery retailer Kushal's Retail Pvt. Ltd with an investment of around 300 crore ($36 million).
The investment firm may pick up a nearly 20% stake in a deal valuing Kushal's at 1,500 crore, according to one of the individuals.
The deal will include both primary and secondary components, a second person said. India SME Investments is expected to exit after nearly five years of investing in this company, the person added.
Bu hikaye Mint Mumbai dergisinin February 12, 2024 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin February 12, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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