Investing in India’s startup economy: LC Nueva

India has witnessed exponential growth in internet penetration over the last decade, with over 700 million users accessing the internet. This digital reach has led to the emergence of technologically enabled businesses solving conventional problems in innovative ways.

The Indian startup ecosystem is amongst the top three globally. It has emerged as one of the most attractive investment opportunities, resulting in substantial foreign and domestic venture capital flows into India.

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Lighthouse Canton, in partnership with Delhi based Nueva Capital run by Ashish and Sohil Chand, has formed LC Nueva Investment Partners and has launched the LC Nueva Alternative Investment Fund - A unique platform for investing in India’s startup economy. The Fund seeks to invest in 25-30companies at the pre-series A and Series A stages over its 8-year fund life. It will have a sector-agnostic approach, with a proclivity towards health-tech, consumer-tech, fintech & education-tech businesses, steering clear of capital-intensive businesses. Sohil Chand, is ex-India head of Norwest Venture Partners, and has a long-standing track record of identifying future winners early and Ashish Chand, is an experienced business leader with long-term success in operating IT Services businesses and investing from his family office

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Some of LC Nueva AIF’s notable investments are:

• Redcliffe: India’s leading tech enabled healthcare diagnostics business. 
• Pumpumpum: India’s first used car leasing business.  
• Svish: D2C company that is reinventing the personal hygiene space with novel products.

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Lighthouse Canton's and Nueva Capital’s venture teams have years of experience investing in high-quality startups in the early stages of the growth curve and managing these investments throughout the investment lifecycle. Together with our network of investors, founders and entrepreneurs, we are committed to helping these companies enhance performance by bringing to them the necessary capital, strategic insights, global relationships, and operational support.

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