Singapore-headquartered pan-Asian private equity firm L Capital Asia is planning to invest in the Indian e-commerce space.
The LVMH Moët Hennessy Louis Vuitton (LVMH)-backed fund has decided on an outlay of $50 million for each investment in “niche online retailers that have differentiated models” or in the old traditional Indian companies that have “lost direction” and are seeking to revamp , reported The Economic Times.
