Lighthouse Funds invests in luggage maker Safari Industries

Mid-market consumer and healthcare-focused fund Lighthouse Funds has announced a significant investment of Rs 2.29 billion in luggage maker Safari Industries. This move is aimed at tapping into the growing travel market in India, as the fund recognizes the favorable conditions and potential for growth in the sector.

Lighthouse Funds, through their recently raised private equity fund Lighthouse India Fund IV AIF, has made this strategic investment in order to strengthen its position in the travel and leisure sector. This investment marks their second allocation from the fourth private equity fund and highlights their dedication to leveraging emerging consumer trends and market dynamics.

Growth Potential in the Indian Luggage Market

Sachin Bhartiya, co-founder and partner at Lighthouse Funds, sees significant growth potential in the Indian luggage market. Favorable factors such as improving rail, road, and aviation connectivity, along with increasing leisure travel and wedding expenditures, support the expanding demand for branded luggage in India.

Bhartiya emphasized India’s high tourism potential as a driver for growth in the luggage market. The increased discretionary spending and changing aspirational consumer behavior are creating favorable conditions for the demand of branded luggage. With these factors in mind, Bhartiya believes that Safari Industries is well-positioned to capture the growing opportunity and capitalize on the evolving consumer preferences.

Confidence in Collaboration

In response to the investment, Sudhir Jatia, chairman and managing director of Safari Industries, expressed confidence in leveraging Lighthouse’s expertise to further penetrate the Indian market. Jatia affirmed that this collaboration would strengthen Safari’s position in the industry, allowing them to meet the growing demand for branded luggage in India.

The partnership with Lighthouse Funds is seen as a favorable opportunity for Safari Industries to expand its market presence. By capitalizing on Lighthouse’s expertise and aligning with the changing needs and preferences of Indian consumers, Safari Industries aims to achieve mutual growth and success in the vibrant and dynamic landscape of the travel market.

Driving Innovation and Market Leadership

As the travel and leisure sectors continue to thrive in India, partnerships between private equity firms – such as Lighthouse Funds – and companies such as Safari Industries are expected to drive innovation and establish market leadership, meeting the evolving demands of Indian consumers.

The injection of funds by Lighthouse into Safari Industries is a clear indication of strategic alignment. Both entities recognize the evolving needs and preferences of Indian consumers, positioning themselves for substantial growth and success in the booming travel market. With this investment, Safari Industries aims to consolidate its position as a leading player in the industry while responding to the changing preferences and aspirations of discerning Indian travelers.

In conclusion, Lighthouse Funds’ recent investment in Safari Industries underscores their confidence in the booming Indian travel market and their strategic alignment with evolving consumer trends. Through partnerships like these, companies in the luggage industry, such as Safari Industries, are well-positioned to capture the expanding opportunities and propel themselves towards market leadership amid a dynamic and exciting travel market in India

Lighthouse Funds Seizes Opportunity in Indian Travel Market with Investment in Safari Industries