Get All Access for $5/mo

Lighthouse Invests INR 229 Cr in Luggage and Travel Accessories Brand Safari Industries This is the Lighthouse's second investment from the new fund, following an INR 284 crore investment in Series B in the fashion jewellery brand Kushal's.

By Paromita Gupta

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Freepik

Mid-market consumer and healthcare-focused fund Lighthouse Funds has invested INR 229 crores in Safari Industries (India) Limited through its recent fund Lighthouse India Fund IV AIF (Alternative Investment Fund).

Renently, It has invested INR 284 crore in Series B in a fashion jewellery brand Kushal's. The target size of Lighthouse Fund IV AIF is INR 3,500 crore.

Sudhir Jatia, Chairman and Managing Director of Safari Industries said, "We are delighted to welcome Lighthouse Funds into Safari. Indian luggage market still remains highly unorganised, and we intend to leverage Lighthouse's experience in building high-quality brands as we penetrate deeper into the Indian market."

Mumbai-based Safari Industries manufactures and retails a range of hard and soft luggage, rolling bags and back-packs. The company claims that it currently has over 9,300 online and offline customer touch points, more than 800 SKUs across categories.

Sachin Bhartiya, Co-founder and Partner at Lighthouse Funds commented, "The Indian luggage market is a beneficiary of increasing leisure travel and wedding spends. Over the past decade, we have seen dramatic upgrades in rail and road connectivity and significant growth in the aviation sector. India's tourism potential is huge, and we see structural tailwinds for the sector. Safari is uniquely positioned to capture this opportunity with the confluence of expanding discretionary spends and changing consumer behaviour in favour of branded luggage with aspirational appeal."

Paromita Gupta

Entrepreneur Staff

Features Writer with Entrepreneur India

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at paromita@entrepreneurindia.com. 
Business News

Apple Is Adding ChatGPT to iPhones This Week. Here's How It Works.

ChatGPT will take over questions that Siri can't answer.

Marketing

He Pitched His First Business at 12 and Sold a Company for 8 Figures When He Was 23. Here's This Gen Z Marketing Expert's Next Big Move.

Griffin Haddrill built a marketing empire working with artists like Justin Bieber and Lil Nas X. Learn how he tapped into Gen Z's digital culture and turned viral campaigns into a business model.

Growing a Business

5 Effective Strategies to Boost Your Business's Online Presence

Boosting your online presence in 2025 is the key to success for businesses looking to grow. Working on your branding and reputation management is important to drive more sales and improve conversion.

Growing a Business

How to Spot Trends and Anticipate Market Shifts Before Your Competition

Discover how to identify disruptive trends before your competitors by mastering the art of anticipating market shifts. Learn strategies for staying ahead and gaining a competitive edge in business.

News and Trends

2025 to Test AI Ideas for Viability: Sequoia's 3 Predictions

If 2024 was AI's primordial soup year, 2025 will be about the foundations solidifying, according to David Cahn, partner at Sequoia Capital

Personal Finance

This Candlestick Trading Masterclass Can Help You Unlock Passive Income for Your Business

Learn what it takes to make smart investments in the stock market.