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Govt. of India, ITC back Fireside Fund II
Bengaluru-based Fireside Ventures closes its second fund with a corpus of ₹863 crore; the venture capital firm plans to invest in 15-20 digital-first consumer brand startups.
Bengaluru-based Fireside Ventures closes its second fund with a corpus of ₹863 crore; the venture capital firm plans to invest in 15-20 digital-first consumer brand startups.
Vikram Chachra, founding partner, 8i Ventures, points out that in the early-stage space, VC investors have shown a clear bias towards pedigreed founders but that is beginning to change.
There is a small but significant trend in India. It is creating brands that are first successful in foreign countries before coming home.
The heads of two well-known consumer brands in India – Symphony and Luminous – said that innovation and understanding the consumer’s needs helped catapult them to the top.