L Catterton, supported by LVMH, has appointed Unilever’s former executive Vikram Kumaraswamy to jointly lead its expansion efforts in India.

Private equity firm L Catterton has appointed Vikram Kumaraswamy—a seasoned Unilever executive—as partner and co-head of its India business. He will lead alongside Anjana Sasidharan and India executive chairman Sanjiv Mehta as the firm doubles down on one of Asia’s fastest-growing consumer markets, according to a press release by the company.The firm is backed by LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury group and home to brands like Louis Vuitton, Sephora, and Dom Pérignon. L Catterton recently launched a fund exclusively for India, targeting to raise up to $600 million. The fund has the backing of investors such as International Finance Corporation, which disclosed in May that it is committing $30 million and may co-invest an additional $30 million.Also read: Farmley raises $40 mn in series C funding round led by L CattertonThis fund follows the formation of a joint venture in March 2024 between L Catterton and Sanjiv Mehta, former CEO of Hindustan Unilever (HUL). Together, the joint venture will contribute 5% of the total fund size, with the investment split between Mehta and the firm.The fund will target 7–9 mid-market deals across consumer categories such as food and beverage, healthcare-led services, restaurants, and branded retail. Deal sizes will range between $25 million and $150 million.Kumaraswamy brings nearly three decades of global experience at Unilever, including as global head of corporate development and treasury. He led $15 billion in investments, M&A, and divestitures across regions. His move signals a pivot from corporate strategy to private equity as he returns to India after global stints in London, Singapore, and Indonesia.Also read: Minimalist fails to attract investor interest after seeking fourfold jump in valuation to $300 millionWith Mehta and Sasidharan, he’s expected to help L Catterton deepen its foothold in a market where the next generation of consumer giants is still being built.India’s private consumption has nearly doubled over the last decade—from $1 trillion in 2013 to $2.1 trillion in 2024, according to Deloitte India and the Retailers Association of India. With a 7.2% compound annual growth rate (CAGR), the country is projected to become the world’s third-largest consumer market by 2026, buoyed by rising incomes and urban demand.”…It is exciting to be returning to India at this time, when the country’s consumer market is becoming increasingly discerning and organised amid its rapid development…” said Kumaraswamy. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.