Venture debt fund research profile
LC Venture Debt Fund is Lighthouse Canton’s venture-debt strategy for India and Southeast Asia. It provides senior-secured growth capital, with potential equity upside, to Series A and later companies. The manager’s official portfolio page names the attributable companies shown here; it does not present the record as the newer LC Luminere performing-credit fund.
At a glance
Research profile
Open a section to inspect the evidence. The first view starts with the investment point of view; the rest stays quiet until you need it.
Investment lens
LC Venture Debt Fund uses a venture debt; series a and later approach across Fintech, healthtech, mobility, consumer technology.
Current evidence
Lighthouse Canton’s official LC Venture Debt Fund page continues to identify the named portfolio and growth-debt team; the fund’s first close at INR 155.4 crore was announced on 16 January 2023, and 2024 coverage documented a new INR 300 crore debt round for Udaan involving Lighthouse Canton.
Strategy
Venture debt; Series A and later
Sector focus
Fintech, healthtech, mobility, consumer technology
AIF structure context
Indian private credit, venture-debt and special-situations funds are commonly structured as Category II AIFs. Verify the specific vehicle and registration before investing.
Current signal
Lighthouse Canton’s official LC Venture Debt Fund page continues to identify the named portfolio and growth-debt team; the fund’s first close at INR 155.4 crore was announced on 16 January 2023, and 2024 coverage documented a new INR 300 crore debt round for Udaan involving Lighthouse Canton.
Investor questions
LC Venture Debt Fund is covered in Rupeia's private credit research universe. The current public record describes the strategy as Venture debt; Series A and later, with a sector focus of Fintech, healthtech, mobility, consumer technology. The profile should be read with the linked source trail and Typical route: Category II AIF context.
The profile displays only company or asset names attributable to LC Venture Debt Fund in the reviewed public sources: Pumpumpum, Saveo, LoanTap, Rentomojo, Connect & Heal, Zolostays, International Battery Company, Amber, MyShubhLife, ShopUp, Rupeek, Eupheus Learning, Rusk Media, Ziraaf, ePayLater, uHoo, Vidyut, Udaan, 3ev Industries, Alt Mobility, Celcius, 4baseCare, Magenta, College Dekho, Routematic, Wiz Freight, Agraga, Carrum. It does not represent a complete current portfolio unless the manager has published one.
The 2023 launch materials disclosed a first close and target corpus; the public record does not disclose audited fund-level IRR, DPI, realised losses or net returns. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.
Public fund size: First close: INR 155.4 crore in January 2023; target corpus: INR 550 crore plus a stated greenshoe option of INR 550 crore.. Public terms or access information: Senior-secured venture-debt loans with equity upside; Series A and later companies; stated ticket size of US$1–5 million; fund life of seven years from final close with up to a two-year extension; vehicle-level fees and carry are retained in the official factsheet source.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Sanket Sinha (MD & CEO, Global Asset Management); Ankit Agrawal (Managing Director, Head – Growth Debt); Ashish Jain (Director, Growth Debt); Neelaksh Arora (Vice President, Growth Debt). Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.
Review borrower concentration, security and seniority, cash versus accrued income, defaults, recoveries, fund leverage and liquidity. The current open diligence point is: The official portfolio page names the fund’s India and Southeast Asia portfolio, but does not publish a complete country split, fund-level net returns or a full borrower-by-borrower schedule. Vehicle-level fees, carry and current subscription status require direct manager confirmation..
2024-10-28: Lighthouse Canton’s official LC Venture Debt Fund page continues to identify the named portfolio and growth-debt team; the fund’s first close at INR 155.4 crore was announced on 16 January 2023, and 2024 coverage documented a new INR 300 crore debt round for Udaan involving Lighthouse Canton.
Next step
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