Fireside Ventures has secured 22.65 billion rupees (~$253 million) for its fourth fund, strengthening its ability to back India’s fast-growing new-age consumer brands.
Key Highlights
- Investors include U.S. university endowments, Abu Dhabi Investment Authority, Investment Corporation of Dubai, Fidelity International, and others.
- Founded in 2017, Fireside now manages $650 million AUM across four funds.
- Portfolio: 60+ consumer brands, including Mamaearth (Honasa), boAt, The Sleep Company.
- India’s consumer market outlook:
- Retail sector expected to nearly double to $1.93 trillion by 2030.
- Online retail forecast to surge from $75B (2024) → $260B (2030).
Fireside’s new fund positions it strongly to capture India’s next wave of consumer growth.