India’s Fireside Ventures announces first close of Fund II at $60m

Fireside Ventures managing partner Kanwaljit Singh

Fireside Ventures, an early-stage venture investment fund focused on consumer brands, Tuesday announced the first close of its second fund after securing total commitments of $60 million.

Fireside Fund II, which targets to raise $100 million, is anchored by Indian and global investors and institutions. L’Oréal’s corporate venture capital fund, BOLD (Business Opportunities for L’Oréal Development), has also invested in the second fund.

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