Fireside raises $253 mn as Indian brands draw funds

Fireside Ventures has closed its fourth consumer-focused fund at $253 million with a more diverse base of investors, or limited partners (LPs), to continue backing early-stage startups in India, a top official at the investment firm said.

- Priyamvada C

“In this fund, we have a 50-50 split between domestic and global investors. It’s a healthy mix of different types of investors including fund of funds, financial services, banks, life insurance companies, etc.,” said Dipanjan Basu, co-founder and partner at Fireside Ventures.