Everyone will be entered to win a Breeo Fire Pit and six-months of free coffee for which winners will be drawn on the last Friday night of the season. Door prizes will be awarded to several winners throughout the evening. “The schedule is posted on our website and people can watch our social media pages or sign up for our email list to stay updated.”ĭuring Fireside Fridays, corn hole winners receive gift cards. We have anything from jazz to classical to country to blues to worship music,” said Esh. “The live music artists that are booked for the summer cover a wide range of styles and genres, so there will be something for everyone. Its portfolio companies include: The Baker’s Dozen, NatHabit, Smytten, Traya, The Sleep Company, 10Club, among others.Live music features a wide variety of local artists.
Launched in 2017, Fireside Ventures said it currently manages Rs 3,000 crore ($395 million) of assets under management (AUM) and has invested in 31 brands.
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The company said its average investment size will remain around $1 million-$2 million for Series A and pre-Series A companies, the funding slowdown notwithstanding, while expressing the possibility that an investment, in a single startup, can also go upwards of $10 million. The third fund is anchored by new and existing Indian and global investors which include, Self-Reliant India Fund, Investment Corporation of Dubai, SBI, Premji Invest, Waterfield – Fund of Funds, ITC Limited, Emami Limited, Sharrp Ventures and several startup founders. “We believe the next 150-200 million shoppers will come from there as consumers continue to experiment and feeling inhibited to shop on the current e-commerce platforms,” Singh added. It is still very formative days, there are still teething issues but we’ll observe over the next one year to encourage other companies to go live on the ONDC,” Sitaram said. “Mamaearth, our portfolio company, is already on the ONDC and other companies are observing the incremental value. Kannan Sitaram, venture partner, Fireside Ventures, said the government’s open network for digital commerce (ONDC) was a promising avenue and will encourage its brands to leverage the network.
It largely backs direct-to-consumer (D2C) – expected to be a $100-billion opportunity by 2025 - focused companies. The VC firm will continue to back existing portfolio companies from 65% of the capital reserved in the fund II. “Less than 20% of our holdings in companies we have sold and continue to hold the rest for value creation,” Vinay Singh, partner at Fireside Ventures, told FE.įurther, from the third fund, Fireside Ventures will make only new investments. Fireside has also sold some stake in Mamaearth and boAt, both IPO-hopeful companies.Īlso Read: Vedanta shareholders approve shifting of cash reserves It has fully sold off its stake in Pipa Bella to Nykaa, some in Bombay Shaving Company to Reckitt Benckiser, its holding in Azani, a sports nutrition company, to CureFit, and also offloaded its stake in Kwik24 to BigBasket.
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The VC firm has already made five partial exits and as many full exits from its previous funds and generated a return of about 75% from those exits. Wipro, Reliance, HCL Technologies, Infosys, IDBI Bank, Delta Corp, Adani Group stocks in focus on
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