With these investments, among others, and two more in coming days, Lighthouse Funds hopes to complete investing its India 2020 Fund II which had closed at $135 million. Lighthouse Funds has disclosed it has put Rs 50 crore in Exeed and Rs 60 crore in SME lending non-banking finance company Capital Trust. Deviating from investing in mostly brand-driven businesses, India-focused private equity firm Lighthouse Funds is now steering towards disruptive start-ups such as a primary education provider Xseed and Uttar Pradesh-based lender Capital Trust. Lighthouse Advisors co-founder and managing director Sean Sovak told dna that plans are in an advance stage to launch the third fund. As the process of investing its second fund draws to a close, plans are on for the next installment.

Source: dna June 19, 2016 15:52 UTC