Singapore's Lighthouse Canton launches venture debt fund in India

Plans to raise as much as $135m as startups hunt for financing

20230116 L-R Ankit Agrawal - Director - Venture Debt - Lighthouse Canton Sanket Sinha

Ankit Agrawal, left, is director of venture debt at Lighthouse Canton, while Sanket Sinha, right, is head of asset management. (Photo courtesy of Lighthouse Canton)

SAYAN CHAKRABORTY, Nikkei staff writer

January 16, 2023 17:26 JST

BENGALURU -- Singapore-based asset management company Lighthouse Canton on Monday said it is launching a venture debt fund in India, sharpening its focus on the South Asian nation as startups there hunt for alternative sources of capital amid a drought in equity funding.