Global private equity firm L Catterton has raised $200 million (about ₹1,763 crore) in the first close of its India-focused consumer fund. The milestone reflects growing investor confidence in India’s expanding consumer market and signals strong appetite to support high-growth businesses across sectors such as food and beverage, fashion, health, beauty, and digital-first brands.

The new fund is part of L Catterton’s broader strategy to deepen its footprint in Asia, where consumer spending is projected to rise sharply in the coming decade. India, with its young population, increasing disposable incomes, and rapid digital adoption, is emerging as one of the most attractive destinations for consumer-focused investments. The firm’s decision to launch a dedicated India vehicle underscores its long-term commitment to the market.

L Catterton has a strong track record of investing in well-known global consumer brands and bringing strategic value beyond capital. With the India fund, the firm aims to identify and nurture companies that have the potential to scale rapidly while benefiting from its global network and expertise in brand-building.

According to industry experts, the first close of $200 million is likely to be followed by additional fundraising, as investors—ranging from global institutions to family offices—look to tap into India’s consumption-driven growth story. The fund is expected to make investments in both emerging startups and established companies, offering capital for expansion, innovation, and market leadership.

This development comes at a time when private equity and venture capital firms are increasingly diversifying portfolios toward sectors resilient to global volatility. For India, the move is another signal of global capital flowing into its consumer ecosystem, reinforcing the country’s position as a key growth market in Asia.