Lighthouse, a private equity firm has invested Rs 200 crore in gifting platform Ferns N Petals (FnP) from its Lighthouse India Fund III.
The funds will be used to build up the delivery experience, upgrade its systems and technology platform, said Pawan Gadia, CEO of retail and online at Ferns N Petals India, GCC, and APAC regions in a statement issued by the company.
The company operates through a franchisee model and has a network of over 400 stores across India. It also has a presence in three countries beyond India, including UAE, Singapore, and Qatar. It plans on expanding its geographical footprint to Saudi Arabia, Malaysia, Indonesia, the Philippines, and the UK.