L Capital eyes investments in India’s e-commerce

Keeping the momentum, India’s e-commerce segment is gaining, L Capital Asia, the private equity fund backed by the LVMH Group plans to announce a couple of investments to the tune of 50 million dollars each this year. Sources say that the move is to take advantage of the growth prospects, this segment holds in the long run. The company is currently exploring options and is looking at niche online retailers which work on a differentiated model. Experts feel that the investments would be directed to the once successful family run businesses, to bring them back to life.

Earlier, media reports hinted at L Capital, Temasek Holdings and International Finance Corporation to be close to cracking a deal to acquire minority shares in Aditya Birla Group's retail holding company. The company has so far invested 113 million dollars (over 680 crores) in India across Fabindia, PVR Cinemas and Genesis Fashions from its first fund. While the company considers India to be less developing compared to China, it would be eyeing key investment opportunities in the country.

LVMH possesses a portfolio of 60 globally-renowned prestigious brands, including Moët Hennessy and Louis Vuitton, and is active in five sectors - wines & spirits, fashion & leather goods, perfumes & cosmetics, watches & jewellery, and selective retailing.