Fireside Ventures has announced the final close of its fourth fund with a capital of Rs 2,265 crore ($253 million). An India master fund and a GIFT City feeder fund were used to raise the money. Fund IV will assist entrepreneurs developing consumer brands in various marketplaces and categories.
Indian and international investors, including US university endowments, sovereign funds like Abu Dhabi Investment Authority (ADIA) and Investment Corporation of Dubai (ICD), HarbourVest, Waterfield, Fidelity International, Sharrp Ventures, Mirabilis, Emami Limited, and a number of startup ecosystem founders, have committed to the fund. Both new and old investors are involved.
Fireside’s investment methodology focuses on assisting early-stage and scaling-stage consumer companies. Go-to-market, brand building, ESG, and corporate development are all covered by the company’s Center of Excellence.
The firm invests from first institutional cheques to later stages where startups build teams and operations.
The company’s portfolio generates more than $7 billion in market value and over $1.6 billion in revenue across all funds. The magnitude of several portfolio companies has surpassed Rs 500 crore.
Honasa Consumer, boAt, The Sleep Company, Frubon, The Good Bug, Slurrp Farm, Sweet Karam Coffee, Inito, Pilgrim, Well Being, Moxie, NewMe, and Traya are some of the famous companies in its portfolio.
Fireside Ventures currently has Rs 5,300 crore ($650 million) in total assets under management due to Fund IV.
