L Catterton appoints Chetan Naik to lead India consumer investing
Based in Mumbai, Naik joins as managing director for India as L Catterton expands its consumer investment platform across beauty, food, fashion, quick commerce and digital businesses.
What happened
L Catterton appointed Chetan Naik managing director for India, based in Mumbai, to expand its consumer investment platform. The firm targets India opportunities
Key facts
- About two decades of experience
- $40 billion equity capital managed
- $5 million to $5 billion investment range
- More than 200 investment and operating professionals
- 18 offices
- More than 300 global investments
Why this matters
Consumer companies seeking capital, strategic expertise or partnership in India may find L Catterton increasingly active, particularly in categories where it can build a connected consumer portfolio.
What to watch
- Announcement of a second India-based senior hire, local advisory board or dedicated India consumer fund allocation.
- New L Catterton India investments or add-on acquisitions in beauty, food, pet care, fashion, quick commerce or consumer technology.
- Changes in valuation multiples or deal structures for profitable Indian consumer brands versus venture-backed digital-first businesses.
- Portfolio collaboration announcements involving Farmley, Haldiram's, Drools or Jio Platforms.
- Large founder-led consumer companies initiating pre-IPO rounds, stake sales or consolidation discussions.
- Quick-commerce margin improvement, regulatory changes, and evidence that platforms can sustain brand discovery and repeat purchase economics.
- Build a dedicated India consumer investment and operating team around Mumbai, using L Catterton's global category experts for diligence and portfolio support.
- Pursue minority-to-control transactions in established Indian brands seeking expansion capital, founder liquidity or professionalization before a public-market listing.
- Increase attention to adjacencies around Farmley, Haldiram's, Drools and Jio Platforms, including distribution, premium food, pet ecosystems, digital commerce and data-enabled consumer services.
- Use strategic partnerships and structured capital where valuation expectations prevent conventional buyouts.
- Recruit sector operators and establish relationships with quick-commerce platforms, modern trade chains and regional distributors to create post-investment growth advantages.