New Delhi: Gifting platform Ferns N Petals on Saturday said Lighthouse India Fund III has invested Rs 200 crore (USD 27 million) in it.
Ferns n Petals (FNP) said in a statement that the company plans to invest in improving its systems and technology to enhance the customer experience for all gifting opportunities.
“We are very excited to partner with Lighthouse and look forward to learning from their deep consumer insights developed through a focused investment approach,” said Vikas Gutgutia, Founder and Managing Director, FnP.
It expects a turnover of around Rs 600 crore in the current financial year.
Pavan Gadiya, CEO, Retail and Online, Ferns N Petals India, GCC and APAC Region, said, “With this fundraising, we are looking to improve our systems and technology to ensure an excellent customer experience for all gifting occasions. planning to invest.
“FnP has all the ingredients, including leading brand recall, its extensive supply chain network, a strong technology stack, and an experienced management team, to capture a large portion of this growth,” he added.
Lighthouse is a leading mid-market private equity firm focused on growth investments in India. It has more than half a billion dollars in assets under management and has invested in more than 25 companies in consumer brands, digital transformation, healthcare and specialty manufacturing.
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