Fireside Ventures Closes Fund IV At $253 Mn To Invest In Consumer Brands

VC firm Fireside Ventures has announced the final close of its Fund IV at INR 2,265 Cr (about $253 Mn), raised through its gift city feeder fund and India master fund.

The VC firm aims to back 30-35 early stage consumer brands through the fund. Its initial cheque size would be in the range of $1 Mn to $12 Mn.

In a statement, Fireside said that the fund secured commitments from a clutch of Indian and global investors, including US University Endowments, global sovereign funds like Abu Dhabi Investment Authority (ADIA), Investment Corporation of Dubai (ICD), financial institutions like HarbourVest, Waterfield, Fidelity International.