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4x growth in all companies! This venture fund doesn't chase unicorns


4x growth in all companies! This venture fund doesn t chase unicorns
Fireside closed its second fund in January this year at Rs 863 crore, and Singh believes that its strategy of not chasing unicorns has paid off
Ajita Shashidhar | April 9, 2021 | Updated 16:59 IST
Kanwal Singh, V.S. Kannan Sitaram, Dipanjan Basu and Vinay Singh of Fireside Ventures
Multi-stage venture fund, Fireside Ventures, has witnessed a four-fold growth across all its portfolio companies in the last one year. The venture fund which invests only in new-age consumer brand start-ups claims that in the last one year six of its investee brands have crossed the Rs 100 crore revenue threshold. COVID-19 made ecommerce mainstream and this helped our brands, as all of them are digital-first in their DNA, explains Kanwal Singh, Founder and Managing Partner, Fireside Ventures.      ....

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