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A unique platform for investing in India's startup economy
LC Nueva Investment Partners LLP is a co-investment Portfolio Management Services entity and the investment manager of the LC Nueva Alternative Investment Fund (AIF). It is a partnership between Singapore-based Lighthouse Canton and Delhi-based Nueva Capital (an investment holding company with USD 100Mn under management in private and public markets, founded by brothers Ashish and Sohil Chand). The LLP was registered as a SEBI Portfolio Manager on 4 July 2022 under Registration No. INP200007432 (valid perpetually). The fund vehicle itself, Luminere Investment Trust, is a SEBI-registered Category II AIF (Registration No. IN/AIF2/20-21/0783). The LC Nueva AIF is an 8-year fund that invests in 25–30 companies at the pre-Series A and Series A stages. Fund size: ₹350 Cr. Called-in capital: ₹344.75 Cr (as of 30 June 2024). Portfolio: 35 companies (as of 30 June 2024) across sectors including Consumer, B2B, Fintech, Edu-Tech, Health-tech, Food Tech, Mobility, Insurance Tech, Lending, PropTech, Creator Economy, and EV. The fund follows a sector-agnostic approach with a proclivity towards health-tech, consumer-tech, fintech, and education-tech, steering clear of capital-intensive businesses. Portfolio companies include: Internshala, Oliveboard, Roadzen, Redcliffe Life-tech, Dukaan, Credr, Saveo, Financepeer, Revfin, Kouzina, Homeville, Creditfair, Minkspay, Wisedrive, Zyngo, Nojoto, Trica, Nona Lifestyle, Monrow Shoes, Svish, Buyume, TABP, Alaya, Crater Club, Kashware, Pumpumpum, HSE, Updraft, Ocean Beverages, BimaPay, UnORG, Recur Club, Namdev Finvest, The Bread Company, Grip. A follow-on vehicle — the LC Nueva Momentum Fund — was launched in 2024 to explore adjacent opportunities and capitalise on secondaries.
The LC Nueva AIF invests in early-stage businesses in India, typically at pre-Series A or Series A rounds, with a sector-agnostic approach and a proclivity towards health-tech, consumer-tech, fintech, and education-tech businesses, steering clear of capital-intensive businesses. The investments team is led by Sohil Chand (ex-India Head of Norwest Venture Partners) with a long-standing track record of identifying future winners early. The fund targets 25–30 companies over its 8-year life. As an institutional investor with board or observer seats in each company, LC Nueva plays an active role: providing capital, strategic insights, global relationships, and operational support throughout the investment lifecycle — mobilising capital for purpose and walking with founders through the complete journey from venture to wealth management.
Sohil Chand
Founding Partner & Chief Investment Officer, LC Nueva AIF
Sohil is a veteran private equity fund manager, most recently as the India Head of Norwest Venture Partners, a USD 10bn global early- to late-stage venture and growth equity investor. Prior to this, Sohil helped set up and led Goldman Sachs' private equity investments in India. He has sizeable deal experience with key investments in National Stock Exchange, Swiggy, Asian Genco, Sadbhav Engineering, Thyrocare, Snowman Logistics, IRB Infrastructure, and others. Sohil holds an MBA from the University of Chicago Booth School of Business and an M.Sc. in Finance from the London School of Economics.
Ashish Chand
Founding Partner, LC Nueva AIF
Ashish is an experienced leader with long-term success in operating and investing. He currently manages investing for his family office, with key wins including Veeba, Roadzen, and Biryani by Kilo. Ashish's previous experience includes building a contact-sector business from scratch and selling it to iGate. He also helped IT&T merge with US-based design firm Axis to form Axis IT&T, which was later acquired by Jupiter Capital. Ashish holds an M.Sc. in Information Systems from the London School of Economics.
Shilpi Chowdhary
Group Chief Executive Officer, Lighthouse Canton
Shilpi is the Group CEO of Lighthouse Canton. He is responsible for driving the company's vision and objectives as well as overall business directions. He oversees the Wealth Management and Asset Management businesses of Lighthouse Canton as well as Keenai, a digital full-stack private banking and trading platform. Prior to establishing Lighthouse Canton, Shilpi was a Managing Director at Credit Suisse Private Bank managing the Ultra High Net Worth portfolio. He spent over 6 years at Citibank in India across businesses from Asset-based Financing to Wealth Management. He holds a B.Tech in Civil Engineering and a Post Graduate Diploma in Business Management from Symbiosis Centre for Management & HRD.
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