Latest news with #LighthouseFunds
Business Standard
15 hours ago
- Business
- Business Standard
Knest Onboards Lighthouse Funds as a Strategic Partner, Secures a landmark ₹300 Crore Backing
PRNewswire Pune (Maharashtra) [India], June 20: In a move that underscores the rising global confidence in India's construction technology sector, Knest Manufacturers Pvt. Ltd., one of the world's leading construction technology companies, has raised ₹300 crore from Lighthouse Funds. The strategic infusion marks a significant milestone in Knest's journey to redefine how India and the world build. With the investment, Knest plans to double down on its R & D efforts, expand production capabilities and accelerate vertical integration. Knest has been bringing both Make In India and Made In India to the forefront; this investment is set to further that. Nitin Mittal, Chairman & Managing Director, Knest, remarked, "We are building far more than formwork--we are building the future of Indian construction of high-rises, sprawling skylines & sustainable urban ecosystems. In Lighthouse, we gain not just capital but a like-minded partner who shares our vision for innovation, operational excellence, and sustainability. It's an honour to lead the sector, a responsibility we embrace with humility and unwavering commitment." Knest's flagship aluminium formwork systems are custom-designed to enable faster, more cost-optimised construction cycles--up to 3x quicker than traditional methods--while improving finish quality, reducing labour intensity and lowering environmental impact. Complementing this is Knest's patented hydraulic safety screen, a cutting-edge vertical safety solution that is gaining rapid traction among high-rise developers. Looking ahead, the company plans to diversify into adjacent formwork and construction technologies, all while staying rooted in sustainable practices. Sachin Bhartiya, Co-founder and Partner at Lighthouse Funds, said: "Knest exemplifies the kind of future-forward, mission-led company we love to back. They're fundamentally transforming how buildings go up. With a sharp focus on sustainability, safety, and speed, Knest is poised to lead the next wave of construction innovation in India." The Systematix Group acted as the exclusive advisor on this transaction. About Knest Founded in 2015, Knest has steadily emerged as the flagbearer of next-generation building systems, including aluminium formwork technology and hydraulic safety screens. With patented technologies, an expanding international footprint of 8+ countries, and an unrelenting focus on quality, the company is transforming the landscape of high-rise development. Headquartered in Pune, the company operates three state-of-the-art manufacturing facilities across Maharashtra and Gujarat. This production infra has an expanse of 10,00,000+ Sq. Ft. and an annual capacity of 2,00,000+ Sq. Mt. aluminium formwork, and an expanding line of construction safety solutions.
Malaysian Reserve
16 hours ago
- Business
- Malaysian Reserve
Knest Onboards Lighthouse Funds as a Strategic Partner, Secures a landmark ₹300 Crore Backing
PUNE, India, June 20, 2025 /PRNewswire/ — In a move that underscores the rising global confidence in India's construction technology sector, Knest Manufacturers Pvt. Ltd., one of the world's leading construction technology companies, has raised ₹300 crore from Lighthouse Funds. The strategic infusion marks a significant milestone in Knest's journey to redefine how India and the world build. With the investment, Knest plans to double down on its R&D efforts, expand production capabilities and accelerate vertical integration. Knest has been bringing both Make In India and Made In India to the forefront; this investment is set to further that. Nitin Mittal, Chairman & Managing Director, Knest, remarked, 'We are building far more than formwork—we are building the future of Indian construction of high-rises, sprawling skylines & sustainable urban ecosystems. In Lighthouse, we gain not just capital but a like-minded partner who shares our vision for innovation, operational excellence, and sustainability. It's an honour to lead the sector, a responsibility we embrace with humility and unwavering commitment.' Knest's flagship aluminium formwork systems are custom-designed to enable faster, more cost-optimised construction cycles—up to 3x quicker than traditional methods—while improving finish quality, reducing labour intensity and lowering environmental impact. Complementing this is Knest's patented hydraulic safety screen, a cutting-edge vertical safety solution that is gaining rapid traction among high-rise developers. Looking ahead, the company plans to diversify into adjacent formwork and construction technologies, all while staying rooted in sustainable practices. Sachin Bhartiya, Co-founder and Partner at Lighthouse Funds, said: 'Knest exemplifies the kind of future-forward, mission-led company we love to back. They're fundamentally transforming how buildings go up. With a sharp focus on sustainability, safety, and speed, Knest is poised to lead the next wave of construction innovation in India.' The Systematix Group acted as the exclusive advisor on this transaction. About Knest Founded in 2015, Knest has steadily emerged as the flagbearer of next-generation building systems, including aluminium formwork technology and hydraulic safety screens. With patented technologies, an expanding international footprint of 8+ countries, and an unrelenting focus on quality, the company is transforming the landscape of high-rise development. Headquartered in Pune, the company operates three state-of-the-art manufacturing facilities across Maharashtra and Gujarat. This production infra has an expanse of 10,00,000+ Sq. Ft. and an annual capacity of 2,00,000+ Sq. Mt. aluminium formwork, and an expanding line of construction safety solutions. Logo –
Business Mayor
04-05-2025
- Business
- Business Mayor
Kalki Fashion raises Rs 225 cr from Lighthouse
Occasion wear brand Kalki Fashion on Tuesday said it has raised Rs 225 crore from Lighthouse Funds. The funds will be deployed for expanding retail presence domestically and in international markets and new product development, its founder and chief executive Saurabh Gupta said. Without sharing the exact numbers or the stake to be held by Lighthouse, an official statement said Kalki has delivered consistent profit growth over the years, and strong unit economics are at the core of its operations. Lighthouse managing director Anshul Jain said the company has built a strong brand in the premium occasion wear segment, focusing on quality and craftsmanship. 'As India continues celebrating weddings, festivals, and special occasions, it is poised to become the brand of choice for consumers who seek elegance and exclusivity,' Jain added. The brand was founded in 2007 and specialises in premium bridal, festive, and occasion wear for both men and women. It is sold through stores domestically, and an e-commerce platform and the company also boasts of customers in the US, UK, Canada, and Australia. READ SOURCE
India Gazette
29-04-2025
- Business
- India Gazette
KALKI Fashion Levels Up. Lighthouse Backs the Vision
HT Syndication New Delhi [India], April 29: KALKI Fashion, one of India's leading names in occasion wear and bridal couture, has entered a strategic investment partnership with Lighthouse Funds--marking a major step forward in the brand's expansion. With eight flagship stores already dominating key metropolitan markets, KALKI Fashion has established itself as the go-to destination for contemporary Indian silhouettes for the modern clientele. This partnership with Lighthouse Funds--known for changing consumer brands into household names--represents more than capital injection; it's an alliance positioned to elevate KALKI Fashion onto the global stage. KALKI Fashion's design signature has positioned the brand as a definitive voice in premium Indian occasion wear. Its portfolio spans bridal couture, festive collections, and menswear, delivered through an elevated retail experience across both physical and digital touchpoints. With a robust D2C platform now contributing 35% of business volume, KALKI Fashion has spotlighted ethnic wear commerce through virtual consultations, predictive styling tech, and convenient delivery. This capital infusion will accelerate KALKI Fashion retail expansion, with plans to establish new experiential stores in untapped domestic markets and international fashion capitals where demand for contemporary Indian occasion wear is surging. It will also transform KALKI Fashion's digital architecture through personalization technologies and frictionless omnichannel journeys--arriving just in time for the upcoming wedding season and ensuring a wholesome shopping experience across platforms. With Lighthouse's strategic backing, KALKI Fashion aims to expand beyond its core bridal clientele to capture emerging segments, including luxury pret enthusiasts and international fashion connoisseurs drawn to India's rich heritage. The investment will affect the collection development cycles, enabling faster response to seasonal trends while preserving the brand's signature craftsmanship. Limited-edition capsules and exclusive collaborations are set to launch ahead of the festive calendar. This arrives as KALKI Fashion begins a supply chain reimagination, with Lighthouse's support fast-tracking deployment of advanced inventory systems to ensure near-perfect stock availability. Enhanced production capabilities will elevate the brand's customization services, delivering even bespoke bridal couture with new levels of speed and precision. The brand's international footprint has grown significantly, with overseas clientele now contributing three-quarters of digital revenue across North America, Europe, the Middle East, and Asia-Pacific. The upcoming season will spotlight KALKI Fashion's creative evolution capsule lines like KALKI Weaves for handloom connoisseurs and Rooted by KALKI Fashion celebrating craftsmanship. Backed by strong financials--including double-digit revenue growth, healthy margins from in-house production, and a full-price retail model--KALKI Fashion enters this next phase from a position of strength. As the brand secures an investment by Lighthouse Funds, it is all set to bring Indian occasion wear to the global stage with not just garments, but timeless moments that cross borders and traditions. About KALKI Fashion : Born in Mumbai, India in 2007, KALKI Fashion evokes the very spirit of the city it was founded in. An upstart, innovative, and dynamic brand - KALKI - offers the best of contemporary, ethnic Indian fashion and fusion-wear styles. Staying true to the brand's unique promise of premium and wearable fashion, KALKI Fashion unveils fresh collections and all-new designs throughout the fashion calendar. KALKI Fashion's design and aesthetic sensibility seek inspiration from all walks of life- be it the beauty of nature and heritage in art, architecture and culture, intricate creations, and the modern world to the home-bound handloom traditions of India. (ADVERTORIAL DISCLAIMER: The above press release has been provided by HT Syndication. ANI will not be responsible in any way for the content of the same)
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Business Standard
29-04-2025
- Business
- Business Standard
Lighthouse invests ₹225 crore in premium occasion wear Kalki Fashion
Private equity (PE) firm Lighthouse Funds, with a total fund size of ₹4,000 crore, has invested ₹225 crore in premium occasion wear brand Kalki Fashion for an undisclosed amount of equity. The fund, which has previously backed Wow! Momo and Kama Ayurveda, will fund the South Delhi brand's expansion across domestic and international retail markets. Speaking on the investment, Saurabh Gupta, founder and chief executive officer of Kalki Fashion, said, 'We are thrilled to partner with Lighthouse Funds as we enter our next growth phase. This partnership will enable us to scale our retail presence in domestic and international markets, enhance supply chain efficiency, and continue to invest in new product development and customer experience to serve our customers.' The Rainmaker Group acted as the exclusive advisor on this transaction. This investment comes as Kalki Fashion is actively expanding its retail presence in metro cities and Tier 1 cities, and internationally. Anshul Jain, managing director, Lighthouse Funds, commented, 'Kalki has built a strong brand in the premium occasion wear segment, focusing on quality and craftsmanship. As India continues celebrating weddings, festivals, and special occasions, Kalki is poised to become the brand of choice for consumers who seek elegance and exclusivity.' Founded by Saurabh, Shishir, and Nishit Gupta, Kalki offers premium bridal, festive, and occasion wear for both men and women. On the international front, it has a strong customer base in the United States, the United Kingdom, Canada, and Australia. Lighthouse is a mid-market private equity firm focused on growth investments in the consumer, manufacturing, and healthcare space. The firm has invested in over 35 companies across the country. Lighthouse's marquee investments include leading Indian brands such as Duroflex Mattresses, Fabindia, Kushal's Retail, and Nykaa, among others.
