MUMBAI, June 15 -- Global private equity firm Verlinvest is sharpening its focus on India, expanding deal sizes and moving further down the capital stack as it concentrates more of its Asia strategy on the country and doubles down on consumer-facing businesses in its fastest-growing market.

The shift reflects a broader reallocation of attention within the firm, which has gradually concentrated its emerging-market strategy on India after earlier operating out of Southeast Asia. That said, it continues to maintain a smaller footprint in China and Indonesia.

"Over the last 2-3 years, we must have invested about $200-300 million across our growth and venture arm in the country and we continue to selectively look at larger transactions," its...