Brands
YSTV
Discover
Events
Newsletter
More

Follow Us

twitterfacebookinstagramyoutube
Yourstory

Brands

Resources

Stories

General

In-Depth

Announcement

Reports

News

Funding

Startup Sectors

Women in tech

Sportstech

Agritech

E-Commerce

Education

Lifestyle

Entertainment

Art & Culture

Travel & Leisure

Curtain Raiser

Wine and Food

Videos

ys-analytics
ADVERTISEMENT
Advertise with us

Parsons Nutritionals bags Rs 700 Cr from Lighthouse

Parsons Nutritionals will use the funds towards expanding the firm’s manufacturing capacities across both existing and emerging product categories.

Parsons Nutritionals bags Rs 700 Cr from Lighthouse

Tuesday April 16, 2024 , 2 min Read

Parsons Nutritionals, an FMCG contract manufacturer, has secured Rs 700 crore from private equity fund Lighthouse Funds in its maiden private equity funding. This is Lighthouse’s third investment from Fund IV, its recently established fourth private equity fund. 

The round saw participation from co-investors of Lighthouse, along with International Finance Corporation (IFC)—a member of the World Bank Group, Evolvence India, HDFC AMC's Fund of Funds, and other prominent family offices.

The RainMaker Group (TRMG) served as the exclusive financial advisor for this transaction.

Parsons Nutritionals will use the funds towards expanding the firm’s manufacturing capacities across both existing and emerging product categories.

"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," said SS Mann, Chairman, Parsons Nutritionals. 

Also Read
Healthcare provider Medulance secures $3M in Series A funding

Established in 2002, Parsons Nutritionals specialises in the production of packaged food and beverages, including ready-to-drink mixes, biscuits, chocolates, confectionery, and malted beverages. Additionally, the company has also expanded its portfolio to include personal care products such as shampoos and soaps. 

"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 organised, more branded, and more premium," said Sachin Bhartiya, Co-Founder and Partner of Lighthouse Funds. 

Mid-market private equity firm Lighthouse is focused on growth investments in the consumer and healthcare space. Since its inception in 2007, the firm has backed more than thirty companies across consumer and healthcare spaces. 

Some of its investments include Unibic, Bikaji and Wow! Momo, Kama Ayurveda and Nykaa, Duroflex Mattress, and Fabindia, among others. 


Edited by Kanishk Singh