In Apr 2022, Huarui SmartLink completed an investment in Mumbai, India Consumer Growth Fund through a Fund Commitment transaction, with committed capital of INR 5.8B. The asset is currently valued at INR 13.8B (2025 NAV), and has become one of the firm's key tracked opportunities within its global multi-asset allocation framework.

India's expanding middle class, digital payments adoption, and branded consumption upgrade created long-duration opportunities in consumer platforms and chain services. Based on its assessment of industry trends, valuation levels, and market liquidity, the team continues to deepen research coverage and post-investment monitoring around this opportunity.

The fund has already realized part of its value through portfolio distributions and partial stake exits, with further recovery expected in 2027-2029 via IPOs, strategic sales, and secondary transfers. In parallel, the investment also focuses on formal employment creation, inclusive consumer access, and women-led brands to improve the quality of growth. This remains consistent with Huarui SmartLink's investment approach centered on long-term thinking, balanced risk-adjusted returns, and sustainable value creation.