VC fund (Cat II) · SEBI registry
L Catterton India Trust
Growth (Series C+) · E-commerce & Retail · Mumbai
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- E-commerce & Retail
- City
- Mumbai
- HQ / office
- India office: Bandra Kurla Complex, Mumbai; global HQ Greenwich, Connecticut, USA
- Fund registered
- 2024
- Investments on record
- 9
- Corpus (as reported)
- L Catterton India Fund-I: $200M first close (2024-25), targeting $400M with $200M green-shoe (up to $600M); firm-wide ~$40bn AUM globally
- Website
- www.lcatterton.com
- Profile ↗
About
India vehicle of L Catterton, the world's largest consumer-focused private equity firm (backed by LVMH and the Arnault family), with ~$40bn AUM globally. The India fund invests in mid-sized consumer companies; L Catterton India is chaired by former Hindustan Unilever CEO Sanjiv Mehta.
Investment focus
Cat II consumer-focused private equity — growth/middle-market and high-growth companies in consumer products & services, lifestyle, wellness, healthcare and retail
Cheque size
USD 25 million - 150 million per company (approx INR 200 Cr - 1,250 Cr)
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/24-25/1588
SIDBI Fund of Funds
None found — LVMH/Catterton-backed global consumer PE; no government or SIDBI LP. India fund is a JV with former HUL CEO Sanjiv Mehta (private).
Team & organisation
India leadership: Sanjiv Mehta (Executive Chairman, India), Anjana Sasidharan (Partner & Co-Head India), Vikram Kumaraswamy (Partner & Co-Head India, Jul 2025); part of broader Asia team under MP Scott Chen
Category II AIF under SEBI (AIF) Regulations 2012. Sponsor: L Catterton India Sponsor LLP; Investment Manager: L Catterton Mumbai Advisory Services Pvt. Ltd.; Trustee: Orbis Trusteeship Services Pvt. Ltd. India fund in fundraising; part of global multi-fund L Catterton platform (~$40B AUM).
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Frequently asked
- What does L Catterton India Trust invest in?
- Cat II consumer-focused private equity — growth/middle-market and high-growth companies in consumer products & services, lifestyle, wellness, healthcare and retail
- What cheque size does L Catterton India Trust write?
- As compiled from public sources: USD 25 million - 150 million per company (approx INR 200 Cr - 1,250 Cr)
- How do I pitch L Catterton India Trust through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
- ⚑ foreign-HQ (Greenwich, USA; LVMH-backed); PE (consumer growth/buyout), not early-stage startup VC
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://www.lcatterton.com; https://www.business-standard.com/markets/news/lvmh-backed-l-catterton-seeks-sebi-approval-for-rs-4-000-crore-india-fund-124071900774_1.html