Fireside Ventures closes new $118 million fund; will invest in 15 - 20 new companies

Fireside Ventures focuses on investing in consumer brands, and has already deployed 95% of their first fund.

Fireside Ventures closes new $118 million fund; will invest in 15 - 20 new companies | 創雷 (BEAM) News

Fireside Ventures, an early-stage venture capital firm from India, has recently closed a second fund of $118 million.

The new fund will invest in digital-first consumer brand startups focused on sectors ranging from food and beverages, beauty/personal care, and lifestyle/home products, according to the company.

The company also added that it aims to invest in a total of 15 - 20 companies.

Managing Partner of Fireside Ventures, Kanwaljit Singh.

Launched in 2017, Fireside Ventures focuses on investing in early to growth stages of consumer brands startup companies.

The firm's first fund closed at $50 million in February 2018, where over 95% of the money has already been deployed into 18 companies.

According to the firm, Fireside Ventures has invested in 22 brands, with a cumulative portfolio valuation crossing $1 billion, roughly an 8x growth on the fund.

Fireside Fund II has presently invested in 4 companies to date, which are FableStreet, Sarva, Gynoveda, and Slurrp Farm.

“We are now eager to go all out and partner with young Indian entrepreneurs who are creating exciting, new, digital-first brands across the consumption spectrum and are consciously building brands that focus on [what is] good for consumers and good for the world,” said Kanwaljit Singh, founder and managing partner at Fireside Ventures.

Please log in to read this article.

Register for free today and enjoy the following:

  • Get access to members-only content.
  • Expand your network and exchange messages with other members.
  • Promote your company, post up jobs, find customers, and raise funds.
  • Receive special invitations to upcoming events and community activities.
  • and lots more!

創雷 (BEAM) is a Hub for Startup News, Business Networking, and Entrepreneurial Resources. Expand your network, discover new possibilities, and tap into a vast database of resources that can help you go further in your business and career.


Download the App

The app for business networking and startup resources. Be part of the global community of CEOs, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 創雷 (BEAM). All Rights Reserved (Legal).