D2C-focused Fireside Ventures closes third fund at $225-M

Bangalore-based Fireside Ventures, a direct-to-consumer (D2C) focussed fund, has announced the closing of its third and largest fund at USD 225 million. This is nearly double the size of its previous fund of USD 120 million. The new fund will invest in 25-30 startups. ITC, Premji Invest, Waterfield Fund of Funds, Emami are among the limited partners (LPs), who have invested in the third fund. Ten founders of Fireside Ventures' previous portfolio companies have also invested in the new fund.