Lighthouse India Fund III, an affiliate of Lighthouse Advisors, is investing over Rs 250 crore to acquire a minority stake in Aqualite Industries, one of India's leading footwear companies.
Aqualite offers more than 6,500 SKUs in hawai, non-hawai and shoe product categories. The products are sold under several sub-brands, under the umbrella of ‘Aqualite’. The company operates through its manufacturing units located across Haryana and Rajasthan. It has a pan-India distribution network of 35,000 retailers, with significant presence in north and east India.