L Catterton
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Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
- Reported: Expect intensifying competition and premium valuations in healthy snacking as L Catterton's dedicated India fund pours fresh capital into branded packaged foods.Reported: L Catterton launches first India fund, betting on healthy snacking and branded foods. The consumer-focused PE firm sees India at a 'snacking renaissance,' expecting packaged foods to double over the next decade from 15% of food consumption today.Watch: Packaged-food share of consumption moving above 15% in official/industry data.
- Reported: Target consumer brands with proven emotional equity and multi-market India relevance, as these attributes underpin lasting value beyond fleeting trends.Reported: Sanjiv Mehta pitches 'humbition' as the recipe for brands that outlast fleeting trends. Speaking at ET BWS 2026, the ex-HUL chief and now L Catterton figure argues durable brands are built on emotional depth, consistency and treating India as a layered, multi-market consumer landscape rather than a uniform whole.Watch:
All 16 stories on L Catterton1 leadership move at L Catterton →
Background
From 8 stories, the newest dated 3 Oct 2026. Summary written 3 Oct 2026.
L Catterton is a consumer-focused investment firm that manages around $40 billion in equity capital. [1] source: YourStory[2] source: Mint
Show 3 more paragraphs and 8 sources
It has made more than 300 global investments and has 18 offices. [2] source: Mint Its India portfolio includes Farmley, Haldiram's, Drools and Jio Platforms. [2] source: Mint In July 2026, ET Retail reported that it launched its first dedicated India fund, focused on healthy snacking and branded foods. [3] source: ET Retail
In September 2026, L Catterton agreed to invest $30 million, approximately Rs 288 crore, for a double-digit minority stake in South Indian restaurant chain Nandhana Foods. [4] source: The Hindu BusinessLine ET Hospitality reported that sources value Nandhana at about Rs 2,000 crore. [5] source: ET Hospitality Nandhana operates Nandhana Palace and RNR, with 25 outlets across Bengaluru and Chennai. [1] source: YourStory A consortium led by L Catterton bought Infront Sports & Media's majority stake in HYROX on 8 September, with Bloomberg valuing it at around 600 million euros. [6] source: ET BrandEquity The first India fund has closed three deals, including Haldiram, Farmlink and Healing Apps. [7] source: ET Small Business
In July 2026, L Catterton appointed Chetan Naik as India managing director in Mumbai. [2] source: Mint Sanjiv Mehta, formerly of HUL, is now with L Catterton. [8] source: ET BrandEquity
Sources
Questions about L Catterton
Who leads L Catterton?
L Catterton appointed Chetan Naik as its India managing director, based in Mumbai, in July 2026. He is responsible for strengthening its India platform and pipeline across consumer categories. [2] source: Mint
What is L Catterton's current strategy in India?
In July 2026, L Catterton launched its first dedicated India fund, betting on healthy snacking and branded foods. [3] source: ET Retail In September 2026, it agreed to invest $30 million in Nandhana Foods for a minority stake. [4] source: The Hindu BusinessLine A consortium it led also bought the majority stake in HYROX on 8 September. [6] source: ET BrandEquity
Stories that mention L Catterton
5 stories
L Catterton is named in these stories but is not their subject.
- Emami, ITC, Britannia and Orkla India eye Farmley stake in deal that could value the snacks brand at ₹2,000 crore
- Sugar Cosmetics raises ₹144.5 crore at ₹755 crore valuation, 75% below 2022 peak
- Farmley taps KPMG to raise $50-75M as healthy snacking heats up
- Drools-parent IB Group taps Axis, JM, Nuvama for IPO; eyes spot as India's largest listed poultry play
- L Catterton in talks for minority stake in Bengaluru's Nandhana Palace at ₹2,000 cr valuation