Fireside Ventures: A Bengaluru Firm Founded by Kanwaljit Singh

Overview

Fireside Ventures is a venture capital firm headquartered in Bengaluru. Kanwaljit Singh founded the firm in 2017. He brought over 30 years of consumer experience from Hindustan Unilever, Intel, and Carlyle. The firm invests exclusively in early-stage consumer brands rather than technology companies. It backs businesses across health and wellness, food and beverage, and personal care.

Investment Focus and Stage

Fireside Ventures positions itself as the first institutional investor in most of its companies. The firm uses a staged capital model built around how consumer brands actually grow. Its fourth fund plans to back 30 to 35 early-stage consumer brands. Initial checks on that fund range from $1 million to $12 million. The firm reports a portfolio success rate between 70 and 80 percent.

Fund Size and Portfolio

Fireside Ventures closed its fourth fund at Rs 2,265 crore, about $253 million. The firm's total assets under management reach roughly Rs 5,300 crore across all funds. Mama Earth, boAt, The Sleep Company, and Kapiva all count among its confirmed investments. Yogabar, Pilgrim, Slurrp Farm, and Traya also sit within its wider portfolio. Global investors like ADIA and HarbourVest have backed its recent funds.

Leadership

Kanwaljit Singh founded Fireside Ventures and serves as managing partner. Dipanjan Basu, Vinay Singh, and Kannan Sitaram later joined him as co-founders. Basu brings over 20 years of investment and e-commerce experience. Sitaram has more than 30 years of consumer sector background. Together they built the firm into one of India's leading consumer-brand investors.