Blue-chip venture funds, investment firms backed by veteran corporate leaders as well as several startup founders are among those vying to buy stakes in a slew of new consumer brands that are challenging the dominance of incumbents.
Uppercase–a luggage brand started by former VIP Industries MD Sudip Ghose–is in talks with Flipkart-backer Accel to raise new capital, sources told us. This would be the third major deal in the space after Peak XV Partners Mokobara investment and Lighthouses bet on Safari.
Happy Friday! New-age brands are attracting capital from VC funds, founders and other types of investors. This and more in todays ETtech Morning Dispatch.
Consumer Brands: Uppercase–a luggage brand started by former VIP Industries MD Sudip Ghose–is in talks with Flipkart-backer Accel to raise new capital, sources told us. This would be the third major deal in the space after Peak XV Partners’ Mokobara investment and Lighthouse’s bet on Safari.
Shares of L Catterton Asia Acquisition Corp (NASDAQ:LCAA – Get Free Report) rose 2.4% on Tuesday . The stock traded as high as $16.55 and last traded at $13.51. Approximately 107,500 shares changed hands during trading, a decline of 44% from the average daily volume of 191,642 shares. The stock had previously closed at $13.19. […]
India Business News: LVMH-backed L Catterton and Sanjiv Mehta partner to launch an India investment platform. Mehta's consumer business expertise aids in targeting $25-150
L Catterton has formed a joint venture with former Hindustan Unilever chief Sanjiv Mehta to develop a consumer-focused investment vehicle in India. Mehta will become executive chairman of the fund in India from April 4, 2024, and will be involved with L Catterton Asia and its other global fund platforms. Mehta has over 30 years of experience at Unilever, including serving as president of Unilever South Asia and chairman of Hindustan Unilever.
L Catterton partners Sanjiv Mehta for India investment venture thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
L Catterton, which aims to deepen its presence in India, manages about $35 billion of equity capital across three multi-product platforms: private equity, credit, and real estate.