L Capital Asia to invest in Indian e-commerce biz

Visual from company website

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.

“Online retail is a very attractive proposition, given the scope of growth in an emerging consumer market like India,” said Bijou Kurien, member of the strategic advisory board of L Capital, as quoted by the Indian business daily.

According to him, the Indian e-commerce sector is likely to change in the next two years with focus shifting from “topline and discounts-driven business model to improving quality of operations.”

L Capital is said to be in talks with few players in the industry and might make two to three investments (of $30 million to $50 million, each) during the current fiscal.

As part of its Asia strategy, the fund is largely investing in “bridge-to-luxury” brands and already invested $100 million in Indian companies like Genesis Luxury, PVR Cinemas and Fab India.

Recently, the fund had invested $20 million in Chinese outdoor advertising firm Asiaray Media.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.