"The interesting thing is that 90% of the money has come from domestic funds. We will continue to invest in series A to series A (rounds)," said @Kanwal_fireside, founder & managing partner, @firesideventure, announcing the close. @EconomicTimes@ETtech https://t.co/GW7ctC1CMI
Domestic consumption story of India is a solid theme to invest as the country sees sharp rise in the per capita income. With India all set to become the third largest economy in the coming years, this domestic consumption is likely to increase further. Many domestic VC funds are betting big on this theme as they support many home-grown brands in their growth journey. Fireside Ventures, which is a Rs 3,000 crore big fund house, is one such VC fund which has invested in many marquee startups including boAt, MamaEarth, SlurrpFarm, YogaBar, Vahdam, Kapiva and many others. In a conversation with theBizz Buzz,Dipanjan Basu, Cofounder & Partner at consumption-focussed VC fund, Fireside Ventures said that India will see several large consumer brands in coming years.
Read more : https://t.co/PMhfrqVt6P
#satrtups #vcfund #fundraising #economy #domesticconsumption #bizzbuzz
"Given the size and the opportunity in India, we think that multimillion dollar brands can be built without burning capital," says @basu1_d, co-founder and partner, @firesideventure Via @businessline & @Isha77215175
https://t.co/mSG8PM2Xsm
"Several of our companies see the Middle East as a focused market for expansion. Most provide solutions to problems which are common globally. Mamaearth, Slurrp Farm & Kapiva have already started their journey in the ME," says @basu1_d
Via @khaleejtimes https://t.co/9SdIN0eGge
"I think all the good funds have dry powder & they are doing their due diligence. The companies who are doing well, are able to show growth & a profitability path, all of them are able to raise capital," says @basu1_d. Via @FinancialXpress & @AyantiBera
https://t.co/NTEpRGmEtU
"We've seen +ve changes in investor behaviour in backing startups with a balanced growth strategy + strong unit economics. This is driving business model innovation at startups," says @basu1_d in @EconomicTimes https://t.co/preXpLGLYU
Let me know a one liner of what she might me thinking …Here is mine - ‘ I might as well go to Bangalore now that I am used to the traffic ..... https://t.co/rFUfIQ2csU
"...@firesideventure has built a credible reputation as a venture partner for entrepreneurs,” said @Kanwal_fireside, who is the managing partner at Fireside Ventures. Via @vccircle and @rawtaman https://t.co/HLTkditQIa
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#Gaming is the largest emerging digital consumption basket globally, and Giga Fun Studios is our first investment in the space. Shreyans Gangwal, VP, explains our view of gaming as a landscape for consumer brands - first, as a function of time spent by consumers daily.
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