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Fireside Ventures announces final close of third fund at $225 million

Fireside is betting big on market for D2C brands in India which is set to touch $100 billion by 2025

Fireside Ventures
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L-R- Kannan Sitaram-Venture Partner, Dipanjan Basu-CFO and Partner

Peerzada Abrar Bengaluru
Fireside Ventures, an early-stage venture fund investing in digital-first consumer brands, said that it has closed its third fund at Rs 1,830 crore ( $225 million). This is double the size of its previous fund which had a corpus of Rs 863 crore, and the first fund had a corpus of Rs 350 crore.

Fireside Fund III is anchored by new and existing Indian and global investors which includes, Self-Reliant India Fund, Investment Corporation of Dubai, SBI, Premji Invest, Waterfield - Fund of Funds, ITC Limited, Emami Limited, Sharrp Ventures and several start-up founders.

“What is exciting is that we

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