L Catterton appoints Chetan Naik as India managing director
Consumer-focused investment firm L Catterton has named Chetan Naik managing director for India, based in Mumbai, as it builds its local consumer investment pipeline. Its India portfolio includes Farmley, Haldiram’s, Drools and Jio Platforms.
What happened
Consumer-focused investor L Catterton appointed Chetan Naik as India managing director in Mumbai, strengthening its India platform and pipeline across consumer
Key facts
- About two decades of experience
- $40 billion equity capital managed
- Investment range of $5 million to $5 billion
- More than 200 investment and operating professionals
- 18 offices
- More than 300 global investments
- Founded in 1989
Why this matters
India consumer companies seeking growth capital, strategic investors or exit options may find L Catterton increasingly active as its Mumbai-based leadership deepens local coverage.
What to watch
- Announcement of a new India consumer investment, especially a control deal or investment above a typical venture-growth round.
- Additional senior hires in Mumbai or a dedicated India advisory/operating team.
- Follow-on funding, acquisitions, IPO preparation or international expansion by Farmley, Haldiram’s or Drools.
- Evidence of L Catterton raising or earmarking capital specifically for India or Asia consumer opportunities.
- A rise in deal activity involving premium packaged food, beauty, wellness and pet-care companies at late-growth or pre-IPO stages.
- Expand India investment and operating-partner hiring around consumer sourcing, digital commerce and portfolio value creation.
- Build relationships with founder-led brands nearing institutional scale in packaged foods, beauty, personal care, pet care, health and premium retail.
- Evaluate add-on acquisitions and channel-expansion opportunities for Farmley, Haldiram’s and Drools.
- Pursue minority growth rounds, buyouts or structured capital transactions where founders seek liquidity without a full exit.
- Increase cross-border commercialization support for Indian portfolio companies targeting Gulf, Southeast Asian, US and UK diaspora markets.