Lighthouse III

India Manufacturing, Other consumer services, Health

Lighthouse is a small cap fund manager focused on consumer companies operating in the Indian lower middle market.

The fund manager is raising its third fund, Lighthouse Fund III with a target fund size of $200 million and will invest $15 – 20million in 10 – 12 companies. The fund is primarily focussed on family-backed, small to medium-sized consumer businesses.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
South Asia
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

:
Health, Manufacturing, Other consumer services
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
Lighthouse Advisors India Private limited
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
October 2017
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$25m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Mauritius

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
Tynor Orthotics Private Ltd India South Asia Health June 2018 Active
FSN E Commerce Ventures Private Ltd (Nykaa)

FSN sells cosmetic products, personal and home accessories to consumers in India through the e-commerce platform Nykaa.com

View investment details

India South Asia Other consumer services August 2018 Active
Duroflex Private Ltd India South Asia Manufacturing October 2018 Active
Aqualite Industries Private Ltd India South Asia Manufacturing November 2018 Active
Poly Medicure Ltd

Poly Medicure designs and manufactures medical products in India. It is one of the country's largest exporters of medical devices

View investment details

India South Asia Health September 2020 Active