Fireside Ventures has successfully closed its fourth fund at $253 million. This consumer-focused venture capital firm attracted investments from prominent Indian and global investors.The Bengaluru-based firm was one of the earliest VCs in India to focus specifically on consumer brands with early investments in the likes of Mamaearth, boAt, and Yoga Bar, now household names in the country.
Fireside Ventures has announced the final close of its fourth fund at $253 million, with investments from both Indian and global investors.
The list of investors include US University Endowments, Abu Dhabi Investment Authority, Investment Corporation of Dubai, HarbourVest, Waterfield, Fidelity International, Sharrp Ventures, Mirabilis, and Emami Ltd.
Founders across the startup ecosystem also participated, the consumer-focused venture capital firm said in a statement.
“The environment around us is evolving fast, but the principles of building enduring brands remain the same: clarity of purpose, a sharp view of the consumer, and laser sharp focus on execution. Our role is to help founders anchor to these fundamentals as they navigate the journey to scale,” said Kanwaljit Singh, founder & managing partner, Fireside Ventures.
Fireside was one of the earliest VCs in India to focus specifically on consumer brands with early investments in the likes of Mamaearth, boAt, and Yoga Bar, now household names in the country.
The firm now has total assets under management of $650 million across four funds and has a portfolio of over 60 companies. Its portfolio companies now have a collective revenue of over $1.6 billion and are valued at more than $7 billion, according to Fireside.
Bengaluru-based Fireside is led by Kanwaljit Singh, Vinay Singh, Kannan Sitaram, Dipanjan Basu and Adarsh Menon.
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