In a significant development within the realm of private growth equity, Singularity Growth, a growth equity platform led by operators and investors, has named Mithun Sacheti as its co-sponsor and general partner.
Sacheti is set to play a pivotal role in the investment committee, actively contributing to the decision-making process for all upcoming investments.
In an interview with CNBC-TV18, Mithun Sacheti underscored that their primary focus would be on consumer businesses. “I think that there has been a knock on the head for most entrepreneurs over the last two years because money has been hard to come by. I feel that best businesses are always going to be built with constraints and these constraints have sort of created a better environment for us to look at consumer businesses which will grow with these constraints and thus deliver better returns for all of us as well. So consumer business is the larger theme that we are looking at and that is possibly where I add value as well also. So we want to look at that as our mainstay in everything that we do,” Sacheti stated.
A seasoned entrepreneur, Sacheti is renowned for founding Caratlane and successfully selling his remaining stake to Titan for over ₹4,600 crore. This transaction valued the brand at an impressive ₹17,000 crore, marking it as India’s largest deal in the direct-to-consumer (D2C) e-commerce space.
Watch the accompanying video for the entire conversation.