DFX Intelligence
Private Equity Intelligence
Firms, funds, people, portfolio companies and transactions from sworn filings and cited announcements, kept as a graph with a date and a source on every edge. Reported gross assets are never fund size, regulatory AUM is never dry powder, and a deal value prints only when someone disclosed it.
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Firms / L••••••••• A•• P•••••• L••••••
L••••••••• A•• P•••••• L••••••
Hybrid manager · probableunsizedMumbai, Maharashtral••••••.com
L••••••••• is India’s leading growth-stage private equity firm focused on the consumer and healthcare sectors.
Classification
- Class
- Hybrid managerprobable, confidence 65%
- Basis
- R4: P•••••• Equity Funds are 0 of 1 distinct vehicles; hedge, securitized or liquidity vehicles 0
- Size band
- unsizeddefined by: no P•••••• Equity Fund GAV on a filing from 2021 or later
Classification history (1)
- Sep 14, 2026Hybrid manager (probable, 65%, cls-pe-2)R4: P•••••• Equity Funds are 0 of 1 distinct vehicles; hedge, securitized or liquidity vehicles 0
Regulatory footprint (Form ADV)
- Adviser type
- unknown
- Form ADV filings
- unknown
- RAUM
- unknownregulatory assets under management of the adviser; not dry powder, not a fund size
- PE funds, latest filing
- unknown
- PE fund GAV, latest filing
- unknownreported gross assets (Form ADV), not fund size
- All private fund GAV
- unknownevery private fund type, latest filing
- 2024 PE fund GAV
- $252Msum over funds typed Private Equity Fund with a 2024 or later as-of date
- PE share of funds, lifetime
- unknown
- Employees
- unknown
Stated criteria beside observed behaviour
30 observed deals
Stated by the firm
- Sectors
- healthcare, consumer, building products
- Geography
- Europe
- Revenue
- not stated or not yet read
- EBITDA
- not stated or not yet read
- Enterprise value
- not stated or not yet read
- Equity check
- not stated or not yet read
- Control
- not stated or not yet read
- Thesis
- L••••••••• identifies and invests in category-leading companies in high-growth sectors with multi-year tailwinds.
Observed from deals on record
- roles
- add on 2, unknown 25, minority 2, platform 2
- period
- to 2019-03-12, from 2018-09-06, undated holdings 27, dated observations 8
- window
- last 2019-03-12, first 2018-09-06
- control
- control 2, unknown 27, minority 2
- companies
- 30
- geography
- investments
- 31
- seller kinds
- transactions
- 4
- cadence by year
- 2018 add ons 1, other deals 2, 2019 add ons 1
- platform add on
- add ons 2, platforms 2, add ons per platform unknown
- sector known for
- 0
- disclosed value usd
- n 0
- sector distribution
- holding period years
- n 0
- repeat counterparties
- role financial adviser, shared 2, entity id 59c96b32-49da-4497-81fa-3ee8eb81cf72
- subsector distribution
30 companies on the graph (4 transactions); 2 platforms and 2 add-ons; observed 2018 to 2019
Funds
3 on record
| Fund | Vehicle | Vintage | Reported gross assets (Form ADV), not fund size | GAV by year | Form D sold | Lifecycle |
|---|---|---|---|---|---|---|
| L••••••••• I•••• F••• I••• L•••••• ADV: P•••••• Equity Fund | buyout or unlabelled | 2018 first reported on Form ADV | $252M as of Jun 7, 2024 | no Form D | Mature | |
| L••••••••• A•• P•••••• L•••••• F••• I•• | buyout or unlabelled | unknown | unknown | no reporting | no Form D | Unknown |
| L••••••••• A•• P•••••• L•••••• F••• I•• | buyout or unlabelled | unknown | unknown | no reporting | no Form D | Unknown |
Team
19 current, 0 former
Managing partner (4)
- M••••• K••••••••• · Founder & Managing Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- S••••• B••••••• · Founder & Managing Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- S••• S•••• · Founder & Managing Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- S••• S•••• · Co-founder · start date unknown Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
Partner (5)
- A••••• J••• · Managing Director · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- M••••• R•••••• · Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- R••••••• D•••••• · Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- S••••• B••••••• · Partner · start date unknown Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
- S••••• B••••••• · Partner · start date unknown Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
Vice president (6)
- A••••• M••••••••• · Senior Associate · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- A••••• M•••••• · Vice President · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- A••••• G•••• · Associate Vice President · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- G••••• S••••• · Vice President · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- J•••••• S•••••••• · Senior Associate · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- T•••• P••••• · Senior Associate · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Platform (4)
- R•••• S••••• · Vice President - ESG & Impact · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- S•••••• T•••••• · Office Manager · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- S••••••• B•••• · Associate Vice President - Compliance · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- T•••• P•••• · Partner & COO · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Portfolio
31 relationships, 2 platforms, 2 add-ons
Transactions
3 on record
| Date | Type | Target | This firm’s role | Source |
|---|---|---|---|---|
| Mar 12, 2019 | Add-on acquisition | K••• A••••••• | Sponsor (confirmed) | l••••••.com |
| Dec 4, 2018 | Minority investment | A••••••• I••••••••• | Sponsor (confirmed), Sponsor (confirmed) | l••••••.com |
| Sep 6, 2018 | Add-on acquisition | N•••• | Sponsor (confirmed) | l••••••.com |
Placement agents, lenders, advisers and co-investors
3 relationships
Placement agents (2)
- C••••• C•••••• L•• 1 shared · one time · last Jan 1, 2018
- G••••• C•••••• S•••••••• I••• 1 shared · one time · last Jan 1, 2022
Financial advisers (1)
- E• 1 shared · one time · last Dec 4, 2018
LP commitments
0 disclosed
No LP commitment collected yet. An LP edge needs a public disclosure with a quote, such as a pension plan’s report or an announcement naming the LP.
Events
37 most recent
- Jun 11, 2025June 11, 2025 L••••••••• Funds invests Rs 300 Cr in Knest Manufacturing...
- Apr 29, 2025April 29, 2025 L••••••••• invests ₹225 crore in premium occasion wear Kalki Fashion...
- Apr 9, 2025L••••••••• A•• P•••••• L•••••• reports 1 P•••••• Equity Fund(s) on its current Form ADV (ERA - Active); not in the 2011-2024 extract
- Aug 23, 2024August 23, 2024 L••••••••• Funds To Reboard Cap Table Of Medtech Firm After Multi- Bagger Exit...
- Apr 15, 2024April 15, 2024 L••••••••• Funds invests ₹700 crore in FMCG contract manufacturer Parsons Nutritionals...
- Mar 4, 2024March 4, 2024 PE fund L••••••••• invests Rs 229 cr in Safari for undisclosed stake...
- Feb 28, 2024February 28, 2024 L••••••••• invests Rs 284 crore in jewellery brand Kushal’s...
- Jan 16, 2024January 16, 2024 Wow! Momo raises Rs 350 cr from Malaysia’s Khazanah Nasional Berhad; early investors exit...
- Sep 11, 2022September 11, 2022 L••••••••• appoints V. Anantharaman as Advisor...
- Mar 11, 2022March 11, 2022 L••••••••• invests USD 27 million (INR 200 crores) in Ferns N Petals, I••••’s leading gifting...
- Nov 10, 2021November 10, 2021 L••••••••• backed N•••• completes blockbuster IPO...
- Apr 12, 2021April 12, 2021 Cosmetics firm N••••, headed for markets, acquires online jewellery brand Pipa Bella...
- Feb 19, 2021February 19, 2021 ADIA joins Poly Medicure cap table as L••••••••• ups stake...
- Jul 1, 2020July 1, 2020 IndiGo former president Aditya Ghosh joins Fabindia board...
- May 30, 2019May 30, 2019 L••••••••• Funds appoints FMCG veteran PK Hariharan as operating partner...
- May 30, 2019May 30, 2019 FMCG veteran PK Hariharan joins L••••••••• as Operating Partner...
- May 30, 2019May 30, 2019 PE firm L••••••••• names seasoned FMCG executive as operating partner...
- May 27, 2019May 27, 2019 Avendus fund buys into Bikaji Foods as L••••••••• makes another partial exit...
- May 27, 2019May 27, 2019 Avendus Fund invests Rs 40 crore in Bikaji Foods...
- May 27, 2019May 27, 2019 Avendus fund acquires stake in Bikaji Foods...
- May 7, 2019May 7, 2019 L••••••••• hits final close of third private equity fund...
- May 7, 2019May 7, 2019 PE fund L••••••••• closes third fund at $230 million...
- May 7, 2019May 7, 2019 L••••••••• closes capital raise for Fund III at Rs 1,750 crore...
- Mar 12, 2019March 12, 2019 Spain's P••• makes I•••• entry with investment in PE-backed K••• A•••••••...
- Mar 12, 2019March 12, 2019 P••• enters I••••; partners with K••• A•••••••...
- Dec 5, 2018December 5, 2018 I••••: L••••••••• invests $35.5m for minority stake in footwear maker A•••••••...
- Dec 4, 2018L••••••••• invests INR 250 crores in footwear brand A•••••••...
- Dec 4, 2018December 4, 2018 L••••••••• invests INR 250 crores in footwear brand A•••••••...
- Dec 4, 2018December 4, 2018 L••••••••• I•••• invests over Rs 2.5 bn for minority stake in A•••••••...
- Oct 29, 2018October 29, 2018 I••••: L••••••••• Advisors invests $22m in mattress manufacturer Duroflex...
- Sep 6, 2018September 6, 2018 L••••••••• Invests Rs 113 Cr in Beauty Retailer N•••• as TVS Shriram Fund Exits Completely...
- May 18, 2018May 18, 2018 IIFL Fund acquires stake in Bikaji Foods...
- Apr 8, 2015April 8, 2015 XSEED acquires ed-tech startup Pleolabs...
- Apr 6, 2015April 6, 2015 XSEED Education Acquires Pleolabs To Foray into Ed-Tech Space...
- Mar 13, 2015March 13, 2015 L••••••••• part-exits Dhanuka Agritech with a multi-bagger...
- Apr 16, 2014April 16, 2014 L••••••••• Funds acquires 12.5% stake in Bikaji Foods International for Rs 90 crore...
- Jul 26, 2011July 26, 2011 Dhanuka Agritech to expand Sanand facility, plans Rs 40 cr investment...