Lighthouse Funds, a growth-stage private equity (PE) firm focused on the consumer and healthcare sectors, has invested Rs 225 crore ($26.4 million) in Indian premium wear brand KALKI Fashion.
Founded in 2007, KALKI specialises in premium bridal, festive, and occasion wear for both men and women. The brand has a growing network of large-format flagship stores across major Indian cities and is developing a significant customer base in global markets such as the US, the UK, Canada, and Australia.
“This partnership [Lighthouse Funds] will enable us to scale our retail presence in domestic and international markets, enhance supply chain efficiency, and continue to invest in new product development and customer experience to serve our customers,” said Saurabh Gupta, founder and CEO of KALKI Fashion.
This investment comes as Kalki Fashion is expanding its retail presence in India and abroad.
“KALKI has built a strong brand in the premium occasion wear segment, focusing on quality and craftsmanship. As India continues celebrating weddings, festivals, and special occasions, KALKI is poised to become the brand of choice for consumers who seek elegance and exclusivity,” said Anshul Jain, managing director at Lighthouse Funds.
The Rainmaker Group acted as the exclusive advisor for the transaction.
Lighthouse Funds closed its fourth investment vehicle at $475 million (Rs 4,000 crore) late last year. It garnered the support of existing and new investors to ramp up investments in the country, with new opportunities coming up in the healthcare and consumer sectors.
