LVMH backed L Catterton taps Unilever veteran Vikram Kumaraswamy to co-lead India push

The private capital company L Catterton appointed Vikram Kumaraswamy, an experienced Unilever manager, as a partner and wife of India. According to a press release by the company, the company doubles in one of the fastest growing consumer markets in Asia and will lead with Anjana Sasidharan and Sanjiv Mehta, the President of India.

The company is supported by Lvmh Moët Hennessy Louis Vuitton, the world’s largest luxury group, hosting brands such as Louis Vuitton, Sephora and Dom Pérignon.

L Catterton recently launched a fund aimed at rising up to $ 600 million only for India. The Fund has the support of investors such as International Finance Corporation, which announced that it has made a commitment of $ 30 million in May and can invest more than 30 million dollars.

Also read: Farmley upgrade $ 40 mn in the C Series Fund round led by L Catterton

This fund follows the establishment of a joint attempt between Lindustan Unilever (Hul) former CEO of Hindustan (Hul) in March 2024 and Sanjiv Mehta. Together, the joint venture will contribute to 5% of the total fund size with the investment division between Mehta and the company.

Funds, food and beverage, health-leading services, restaurants and branded retail, such as consumer categories will target 7-9 Middle Market agreements. The agreement will range from 25 million dollars to $ 150 million.

Kumaraswamy brings about thirty years of global experience to Unilever, including global corporate development and the President of the Treasury. 15 billion dollars of investment, merger and purchasing and disposal processes between the regions continued. When the movement returns to India after global clues in London, Singapore and Indonesia, it points to a pivot from corporate strategy to private capital.

Mehta and Sasidharan and L Catterton is expected to help deepen the basis of the new generation of consumer giants in a market where they are still built.

India’s consumption story

India’s special consumption has doubled in the last decade – according to the Deloitte India and India Retail Association, from 1 trillion to $ 2.1 trillion in 2024.

With a 7.2 % compound annual growth rate (CAGR), the country will be the third largest consumer market until 2026 due to increasing revenues and urban demand.

Kumaraswamy, “… The country’s consumer market has become increasingly distinguishing in the midst of its rapid development and its organized is exciting to return to India at the moment …” he said.