Private equity fund, L Capital Asia which is based out in Singapore is planning to invest around USD 50 million each in selected e-commerce businesses this year.
As per an ET report, the PE firm is looking at niche online retailers which work on a differentiated model, unlike most e-commerce companies today. Announcing the investment plan, Bijou Kurien, member of the strategic advisory board of L Capital said, “Online retail is a very attractive proposition, given the scope of growth in an emerging consumer market like India. There’s a lot of excitement in the online retail space and growth is exceeding offline retail.”
Kurien further stated that there will also be a shift in the entire online market in India in the next two years. “The focus will shift from topline and discounts-driven business model to improving quality of operations,” he said.
Going ahead, the company reveals that at least USD 250 million worth of funds is likely to be directed to India, and same for China.
In India, L Capital had invested more than USD 100 million in Genesis Luxury, PVR Cinemas and Fab India.
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