Premji Invest participates in Fireside Ventures' ?180cr fund
Fireside Ventures, a consumer brand-focused venture fund, has received commitments worth ?180 crore from investors including Premji Invest and RP-Sanjiv Goenka group, among others. Fireside was started by Kanwaljit Singh, who has invested in Paper Boat, ID Fresh and several other companies. "We are aiming to become a top tier venture investor in the consumer brands space," Singh said.
New Delhi, Jun 12 (PTI) Fireside Ventures, an early stage consumer brand-focused venture fund, has received commitments worth Rs 180 crore from investors like Premji Invest, Mariwala family office and RP-Sanjiv Goenka group. The maiden fund from Fireside has also received commitment from WestBridge capital and Emami, a statement said. Avendus is the exclusive advisor-partner for Fireside Ventures in the fund raise, it added. Fireside was started by Kanwaljit Singh, who has over 30 years of experience in companies like Hindustan Unilever, Intel and Carlyle Group. He was the co-founder of Helion Ventures before starting Fireside Ventures. 