Lemon Tree, headquartered in New Delhi, India, is a mid-market hotel company with two main hotel brands, Lemon Tree and Red Fox. Lemon Tree targets business travelers looking for a high-quality product and efficient service at a moderate price. Red Fox targets the budget-conscious business and leisure traveler by offering safe, clean, comfortable and reliable limited service hotel rooms. Warburg Pincus made its initial investment in Lemon Tree in 2006. Since then, the company has grown to become one of the largest owner and operator of mid-market hotel rooms in India.
Warburg Pincus is a leading global private equity firm focused on thesis-driven growth investing at scale. With more than $58 billion in assets under management, our active portfolio of more than 180 companies is highly diversified by stage, sector and geography. As an experienced partner to outstanding management teams, we help build durable companies with sustainable value. We have raised 18 private equity funds, which have invested more than $74 billion in over 860 companies in more than 40 countries.