L Catterton closes $200 million India consumer fund first round
L Catterton has achieved a $200 million first close of its India-focused consumer fund, targeting up to $600 million. Partnering with ex-HUL chief Sanjiv Mehta, the fund will back mid-sized consumer brands across food, retail, healthcare, and products. Its first bet is Farmley, reflecting India’s premium wellness trend. IFC and Kotak Private are key investors.