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October 18, 2017updated 20 Oct 2017 12:39pm

Lighthouse invests in V2 Retail’s store expansion plans in India

Middle-market private equity firm Lighthouse has invested Rs760m ($11.68m) in India-based company V2 Retail in order to support the retailer’s store expansion plans.

By Katie Wong

Middle-market private equity firm Lighthouse has invested Rs760m ($11.68m) in India-based company V2 Retail in order to support the retailer’s store expansion plans.

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Walmart: Going Beyond Company Disclosures

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V2 Retail offers a comprehensive shopping solution that provides a wide range of clothing at affordable prices.

The investment has been carried out by India 2020 Fund II, a fund affiliated with Lighthouse, reported India Infoline News Service.

V2 Retail chairman and managing director Ram Chandra Agarwal was quoted by PTI as saying: “We were highly impressed with Lighthouse’s track record of investing in and building leading, branded, consumer companies, and believe their assistance will be invaluable for us going forward.

“We plan to further penetrate in our core markets, such as Bihar and Uttar Pradesh, due to the large number of high-potential Tier II and III cities.”

“We plan to further penetrate in our core markets, such as Bihar and Uttar Pradesh, due to the large number of high-potential Tier II and III cities, which remain significantly underpenetrated in terms of organised retail.”

V2 Retail currently owns 44 stores in 13 states across India.

The company aims to have a total of 100 stores over the next two to three years.

Lighthouse Advisors partner Sachin Bhartiya was quoted by PTI as saying: “We have been witnessing a structural change in the Indian retail landscape over the past few years, and are very excited to partner with V2 Retail.”

Bhartiya further said that the country has added more than 400 million consumers into the middle-income bucket over the past 15 years.

In the consumer space, Lighthouse has made other investments on Bikaji Foods, FabIndia Overseas, Cera Sanitaryware, Dhanuka Agritech, Capital Trust, Kama Ayurveda, Suraksha Diagnostic, Unibic Foods and XSEED Education.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.