Fireside Ventures closes Fund IV at $253 Mn

Fireside Ventures has announced the final close of its fourth fund with a corpus of Rs 2,265 crore ($253 million). The fund was raised through a GIFT City feeder fund and an India master fund. Fund IV will support founders building consumer brands across categories and markets.

The fund has secured commitments from Indian and global investors, including US university endowments, sovereign funds such as Abu Dhabi Investment Authority (ADIA) and Investment Corporation of Dubai (ICD), HarbourVest, Waterfield, Fidelity International, Sharrp Ventures, Mirabilis, Emami Limited, and several founders from the startup ecosystem. The participation includes a mix of existing and new investors.

Fireside’s investment model focuses on supporting early-stage and scaling-stage consumer companies. The firm provides support through its Centre of Excellence, which covers go-to-market, brand building, ESG, and corporate development.

The firm invests from first institutional cheques to later rounds where companies expand teams and operations.

Across all funds, the firm’s portfolio generates over $1.6 billion in revenue and more than $7 billion in market value. Several portfolio companies have crossed Rs 500 crore in scale.

Its notable portfolio companies 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 stand at Rs 5,300 crore ($650 million).