According to The Economic Times, sources reported that Lighthouse Funds LLC, a private equity firm, has signed an agreement to acquire a 25% stake in Bikaji Foods International, a manufacturer of snacks like bhujia, papad, namkeen and sweets, for INR1,200 million ($19.65 million). Both the entities are based in India.
Rumor (November 27, 2013):
According to The Economic Times, Lighthouse Capital Partners, Inc., a US-based venture capital firm, is in talks to acquire a minority stake in Bikaji Foods for approximately INR1,500 million ($24.13 million).
Reportedly, Sequoia Capital, Norwest Venture Partners and Tano Capital, LCC are also in the race to acquire a minority stake in Bikaji Foods.