Indian private equity and venture capital firm Lighthouse Advisors’ affiliate, Lighthouse India Fund III,  revealed that it has injected more than 2.5 billion rupees ($35 million) to buy a minority stake in footwear manufacturer Aqualite Industries.

Aqualite Industries intends to use the funds for capacity extension, marketing and development plans.

In November, Lighthouse India Fund III had committed $22.7 million in Indian mattress manufacturer Duroflex.

In September, the fund injected $16 million in Mumbai-based cosmetic and wellness products retailer Nykaa.