Parsons Nutritionals Secures Rs 700 Crore Investment from Lighthouse Funds

• ByStartupStory     |    April 17, 2024

Parsons Nutritionals, a leading contract manufacturer, has successfully secured a substantial investment of Rs 700 crore from renowned private equity firm Lighthouse Funds. This marks Parsons Nutritionals’ maiden private equity funding, poised to propel the company’s expansion endeavors to new heights.

Lighthouse Funds’ latest investment comes as the third installment from Fund IV, the firm’s recently established fourth private equity fund, demonstrating its confidence in Parsons Nutritionals’ growth potential. The investment round witnessed active participation from co-investors of Lighthouse, alongside notable entities such as the International Finance Corporation (IFC), Evolvence India, HDFC AMC’s Fund of Funds, and several prominent family offices.

Expressing enthusiasm about the collaboration, SS Mann, Chairman of Parsons Nutritionals, stated, “As we continue to evolve as an institution, it was the right time to have a partner in Lighthouse on our next journey of growth. Their long-term vision and familial values perfectly match the DNA we have at Parsons. We look forward to this association.”

Established in 2002, Parsons Nutritionals has carved a niche for itself in the FMCG landscape, specializing in the production of a diverse range of packaged food and beverages. From ready-to-drink mixes to biscuits, chocolates, and confectionery, the company’s portfolio extends to encompass personal care products such as shampoos and soaps.

Sachin Bhartiya, Co-Founder and Partner of Lighthouse Funds, remarked, “With years of manufacturing excellence underpinned by a strong focus on product quality, operational efficiency, and distributed manufacturing, Parsons is uniquely positioned to benefit from the macro tailwind of increased consumption and outsourcing trends. This investment fits well into our long-term thesis of consumer products getting more organized, more branded, and more premium.”

Lighthouse Funds, a mid-market private equity firm, specializes in growth investments within the consumer and healthcare sectors. Since its inception in 2007, the firm has supported over thirty companies across these domains, including notable brands like Unibic, Bikaji and Wow! Momo, Kama Ayurveda and Nykaa, Duroflex Mattress, and Fabindia, among others.

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