Fireside Ventures, a venture capital has raised $118 million for second fund.
The Bengaluru-based company intended to raise Rs 750 Cr in the fresh round but bagged an additional Rs 113 Cr through the greenshoe option.
Kanwaljit Singh, managing partner & founder, Fireside Ventures said, “It is a mark of confidence that the fund I investors have shown with a repeat investment in the new fund.”
Launched in 2017, Fireside Ventures is an early stage venture fund with a focus on consumer brands. Fireside invests in young start-ups and supports them through their evolution by providing in house resources along with a partner and advisor network.
The fund aims to invest in consumer brands across sectors such as food and beverages, personal care, kids & education, Lifestyle and home products etc.
Fireside Ventures current portfolio includes Boat, Yoga Bar, Samosa Singh, Goodness Beverages, Design Café, Bombay Shaving Company, Mama Earth, Pipa Bella, Vahdam Teas, Kwik 24, Magic Crate and Alpha Vector amongst others.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.