Fireside Ventures has announced the complete closing of its fourth fund, which has a corpus of Rs 2,265 crore ($253 million). The fund was established using a GIFT City feeder fund and an India master fund. Fund IV will help creators establish consumer brands across categories and markets.
Key Highlights
- Fireside Ventures raises $253 million for Fund IV, reinforcing its focus on early-stage consumer brand investments.
- The fund closure signals strong investor confidence and supports Fireside’s expansion into seed-stage startups.
The fund has received commitments from Indian and international investors, including US university endowments, sovereign funds such as the Abu Dhabi Investment Authority (ADIA) and the Investment Corporation of Dubai (ICD), HarbourVest, Waterfield, Fidelity International, Sharrp Ventures, Mirabilis, Emami Limited, and several startup founders. Existing and new investors have participated.
Fireside's investing strategy focuses on assisting early-stage and scaling consumer businesses. The organization provides assistance through its Centre of Excellence, which focuses on go-to-market, brand building, ESG, and corporate development.
The organization makes investments ranging from early institutional cheques to subsequent rounds in which companies expand their staff and activities.
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Across all funds, the firm's portfolio generates over $1.6 billion in revenue and more than $7 billion in market value. Several portfolio firms have exceeded Rs 500 crore in size.
Its portfolio firms include Honasa Consumer, boAt, The Sleep Company, Frubon, The Good Bug, Slurrp Farm, Sweet Karam Coffee, Inito, Pilgrim, Well Being, Moxie, NewMe, and Traya.
With Fund IV, Fireside Ventures' total assets under management now total Rs 5,300 crore ($650 million).
