Lighthouse Funds Invests Rs 229 Crore in Safari Industries

06 Mar 2024 CW Team

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.

Technology

28 Oct 2025

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Infrastructure Transport

28 Oct 2025

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Real Estate

28 Oct 2025

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..