“Fireside Ventures” that invests in consumer brands or startups, has raised $118 million marking the final close of its second fund. Company had targetted a corpus of INR 750 Cr (approximately $100 Mn) in this round, but raised an additional INR 113 Cr ($18 Mn) through the greenshoe option.
About 100 limited partners (LPs) in Fireside Fund II include Investment Corporation of Dubai, Nippon India Digital Innovation AIF, Bajaj Holdings and Investment Ltd, ITC Ltd, L’oreal, Pidilite, Small Industries Development Bank of India (Sidbi), PremjiInvest among others.