+
Lighthouse Funds Invests Rs 229 Crore in Safari Industries
ECONOMY & POLICY

Lighthouse Funds Invests Rs 229 Crore in Safari Industries

In a strategic move to tap into the burgeoning travel market in India, mid-market consumer and healthcare-focused fund Lighthouse Funds has announced an investment of Rs 2.29 billion in luggage maker Safari Industries. This investment comes through their recent fund, Lighthouse India Fund IV AIF, marking the second investment by Lighthouse from its newly raised fourth private equity fund.

Sachin Bhartiya, co-founder and partner at Lighthouse Funds, emphasized the growth potential of the Indian luggage market, attributing it to increasing leisure travel and wedding expenditures. Bhartiya noted the significant improvements in rail, road, and aviation connectivity over the past decade, indicating favorable conditions for the sector. He highlighted India's high tourism potential and the visible structural tailwinds driving growth in the luggage market.

?Safari is positioned to capture this opportunity with expanding discretionary spending and changing aspirational consumer behavior in favor of branded luggage,? Bhartiya stated, underlining Safari's potential to capitalize on the evolving consumer preferences.

In response to the investment, Sudhir Jatia, chairman and managing director of Safari Industries, expressed confidence in leveraging Lighthouse's expertise to penetrate deeper into the Indian market. Jatia affirmed that the collaboration would strengthen Safari's position in the industry as it seeks to capitalize on the growing demand for branded luggage in India.

The investment by Lighthouse Funds underscores the growing interest of private equity firms in sectors poised for substantial growth, leveraging emerging consumer trends and market dynamics. As the travel and leisure sectors continue to expand in India, partnerships like these are expected to drive innovation and market leadership for companies like Safari Industries.

The injection of funds by Lighthouse into Safari Industries signals a strategic alignment with the evolving needs and preferences of Indian consumers, positioning both entities for mutual growth and success in the dynamic landscape of the travel market.

In a strategic move to tap into the burgeoning travel market in India, mid-market consumer and healthcare-focused fund Lighthouse Funds has announced an investment of Rs 2.29 billion in luggage maker Safari Industries. This investment comes through their recent fund, Lighthouse India Fund IV AIF, marking the second investment by Lighthouse from its newly raised fourth private equity fund. Sachin Bhartiya, co-founder and partner at Lighthouse Funds, emphasized the growth potential of the Indian luggage market, attributing it to increasing leisure travel and wedding expenditures. Bhartiya noted the significant improvements in rail, road, and aviation connectivity over the past decade, indicating favorable conditions for the sector. He highlighted India's high tourism potential and the visible structural tailwinds driving growth in the luggage market. ?Safari is positioned to capture this opportunity with expanding discretionary spending and changing aspirational consumer behavior in favor of branded luggage,? Bhartiya stated, underlining Safari's potential to capitalize on the evolving consumer preferences. In response to the investment, Sudhir Jatia, chairman and managing director of Safari Industries, expressed confidence in leveraging Lighthouse's expertise to penetrate deeper into the Indian market. Jatia affirmed that the collaboration would strengthen Safari's position in the industry as it seeks to capitalize on the growing demand for branded luggage in India. The investment by Lighthouse Funds underscores the growing interest of private equity firms in sectors poised for substantial growth, leveraging emerging consumer trends and market dynamics. As the travel and leisure sectors continue to expand in India, partnerships like these are expected to drive innovation and market leadership for companies like Safari Industries. The injection of funds by Lighthouse into Safari Industries signals a strategic alignment with the evolving needs and preferences of Indian consumers, positioning both entities for mutual growth and success in the dynamic landscape of the travel market.

Next Story
Infrastructure Urban

Jupiter Opens First EV Showroom in Hyderabad

Jupiter Electric Mobility Pvt Ltd (JEM), the electric commercial vehicle arm of Jupiter Wagons Ltd, has inaugurated its first showroom in New Bowenpally, Secunderabad, Hyderabad. The launch also marks the introduction of its 1.05-tonne four-wheeler electric light commercial vehicle (eLCV), JEM TEZ, to Telangana’s growing logistics and intra-city freight market. This expansion underscores JEM’s commitment to delivering purpose-built sustainable mobility solutions and accelerating the electrification of India’s logistics sector.The new showroom, operated by Arven Motors Pvt Ltd, offers cus..

Next Story
Infrastructure Energy

Premier Energies Launches 620W DCR Solar Modules in India

Premier Energies Limited, one of India’s largest integrated solar manufacturers, has launched its next-generation 620W DCR solar modules using G12R TOPCon technology, now among the most powerful large-format panels available in the country.The new modules, built with Tunnel Oxide Passivated Contact (TOPCon) architecture, deliver superior power density, improved temperature coefficients, and enhanced low-light performance. The rectangular G12R N-type cell design enables higher string power and balance-of-system optimisation, making the panels suitable for utility-scale projects as well as com..

Next Story
Infrastructure Energy

ONGC Starts Gas Sales from Rajasthan Chinnewala Tibba Block

Oil and Natural Gas Corporation Limited (ONGC) has commenced natural gas sales from the Discovered Small Field (DSF-II) Block RJ/ONDSF/Chinnewala/2018, marking the successful monetisation of the Chinnewala Tibba field in the Rajasthan Kutch Onland Exploratory Asset (RKOEA). Gas sales officially began on 25 August 2025.This development highlights ONGC’s commitment to boosting domestic energy production and strengthening India’s energy security under the guidance of the Ministry of Petroleum and Natural Gas. Located in western Rajasthan, close to the Indo-Pakistan border, the Chinnewala Tibb..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?