About Fireside Ventures
Fireside Ventures is a venture capital firm founded in 2015. It is primarily based out of Bengaluru, India. As of Apr 2026, Fireside Ventures is an active investor, having invested in 85 companies, with 10 new investments in the last 12 months. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Retail to Consumer and Food and Agriculture Tech. Most recently it participated in the $***** Series B round of FRUBON Overall, Fireside Ventures portfolio has seen 3 unicorns, 1 IPO and 14 acquisitions including key companies like Cult.fit, Licious and boAt. A lot of funds co-invest with Fireside Ventures, with names like Alteria Capital sharing a substantial percentage of its portfolio. Fireside Ventures has team of 30 people including 5 partners.Key Metrics
Team Members
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Fireside Ventures' List of Top Investments
Fireside Ventures has a portfolio of 85 companies, including 3 unicorns. Their most notable investments are in SumMor and SumMor.Their portfolio spans across India and United States. They have invested in Retail, Consumer, Food and Agriculture Tech and 16 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Fireside Ventures:
1. Cult.fit
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts. It offers various membership tiers providing access to different combinations of in-person and virtual fitness options. These options include group fitness classes led by trainers, access to gyms with varying levels of equipment and amenities, and live at-home workout sessions. Memberships also incorporate access to sports activities such as badminton and swimming. The company also provides coaching programs focused on weight loss and wellness resources. The offerings aim to create a holistic fitness experience.
Key facts about Cult.fit
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹1,270Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $714M
- Employee Count: 1,832 as on Apr 30, 2025
- Investors: Temasek, Axis Bank and 95 Others
- Latest Funding Round: Series G, Mar 21, 2026, $*****
- Highlight: Editors' Pick
2. Licious
Online retailer of fresh and high-quality meat products. The company provides a platform for customers to order meat through their mobile devices. Customers can sign in using their mobile number and an OTP verification process.
Key facts about Licious
- Founded Year: 2015
- Location: Bengaluru (India)
- Annual Revenue: ₹845Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $490M
- Employee Count: 2,177 as on Aug 31, 2025
- Investors: Temasek, Multiples Alternate Asset Management and 65 Others
- Latest Funding Round: Series G, Sep 21, 2023, $*****
- Highlight: Editors' Pick
Online brand offering grooming and personal care products for mens. The company offers range of offerings includes shaving kits, razors and blades, pre-shave and post-shave products, beard care kits, skincare solutions, hair care, bath care products, and fragrances like perfumes and deodorants tailored to mens preferences. It also offers durable, technologically advanced trimmers for beard, hair, and body grooming with precise blades and long battery life.
Key facts about Bombay Shaving
- Founded Year: 2015
- Location: Gurugram (India)
- Annual Revenue: ₹271Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $69.8M
- Employee Count: 174 as on Aug 31, 2025
- Investors: Malabar Investments, Fireside Ventures and 101 Others
- Latest Funding Round: Series D, Nov 12, 2025, $*****
- Highlight: Editors' Pick
4. boAt
Retailer of personal audio and wearable products, plus mobile accessories. The company provides various types of headphones, earphones, and earbuds. Also offered are smart watches, speakers, and related accessories. The company provides options for personalizing certain products.
Key facts about boAt
- Founded Year: 2016
- Location: Gurugram (India)
- Annual Revenue: ₹3,100Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $171M
- Employee Count: 495 as on Aug 31, 2025
- Investors: Malabar Investments, Analah Ventures and 55 Others
- Latest Funding Round: Angel, Feb 01, 2024, $*****
- Highlight: Editors' Pick
5. Kapiva
Provider of ayurvedic healthcare and nutritional products to improve health. It offers a diverse portfolio of ayurvedic products, including ayurvedic juices, herbal capsules, gummies, powdered drinks, plant based proteins, cooking oils, hair, skin, and body oils. The products helps improve heart health, blood sugar and chronic care, weight management, skin care, and daily wellness products.
Key facts about Kapiva
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹349Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $78.5M
- Employee Count: 508 as on Aug 31, 2025
- Investors: Fireside Ventures, Orbimed and 35 Others
- Latest Funding Round: Series D, Sep 29, 2025, $*****
- Highlight: Editors' Pick
Fireside Ventures' Year-on-Year Investment Trends
Fireside Ventures has invested in 85 companies over the last 11 years, with an average of 7 new investments annually in the last 10 years. In 2025, it made 24 investments, while as of Apr 2026, it has made 11 investments in this year. Its most recent first time investment was in DUSQ and most recent follow-on round was in FRUBON.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 8 | 11 |
2025 | 10 | 14 | 24 |
2024 | 12 | 10 | 22 |
2023 | 9 | 8 | 17 |
2022 | 7 | 7 | 14 |
2021 | 7 | 5 | 12 |
2020 | 1 | 12 | 13 |
2019 | 2 | 12 | 14 |
2018 | 12 | 10 | 22 |
2017 | 4 | 8 | 12 |
Fireside Ventures' Investments by Stage
Fireside Ventures has made 58 investments in Seed stage with an average round size of $2.22M, 21 investments in Series A stage with an average round size of $4.93M, 2 investments in Series B stage with an average round size of $15.5M, 2 investments in Series F stage with an average round size of $31.7M and 1 investment in Conventional Debt stage.Stage of entry | No. of Investments |
|---|---|
Seed | 58 |
Series A | 21 |
Series B | 2 |
Series F | 2 |
Conventional Debt | 1 |
Note: We have considered here, only first round of investments
Fireside Ventures' Investments by Sector
Fireside Ventures has a diverse portfolio, with companies operating in the Consumer, Retail, Consumer Goods, Food and Agriculture and Food and Agriculture Tech. Notably, it has invested in 72 Consumer (B2C) companies, 71 Tech companies, 13 Enterprise (B2B) companies and at least 12 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 54 |
Retail | 54 |
Consumer Goods | 39 |
Food and Agriculture | 17 |
Food and Agriculture Tech | 17 |
Others | 59 |
Note: We have considered here, only first round of investments
Fireside Ventures' Investments by Geography
Fireside Ventures has made most investments in India (83), followed by United States where it has made 2 investments.Country | No. of Investments |
|---|---|
India | 83 |
United States | 2 |
Note: We have considered here, only first round of investments
Fireside Ventures' recent investments
Fireside Ventures has made 11 investments in 2026 so far. FRUBON and Amaha are the latest among them.Here are the most recent investments by Fireside Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 13, 2026 | India | Series B | 2467 | ||
Mar 30, 2026 | India | Series A | 2354 | [+1] | |
Mar 06, 2026 | India | Conventional Debt | 3780 | ||
Mar 06, 2026 | India | Series B | 2167 | ||
Feb 18, 2026 | India | Series A | 5605 | [+1] |
Unicorns in Fireside Ventures' Portfolio
Fireside Ventures has 3 unicorns in its portfolio - boAt, Cult.fit and Licious. The most recent unicorn in their portfolio is boAt. It became a unicorn in 2022, 4 years after Fireside Ventures first invested in it.Here is a list of unicorns in Fireside Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
77 | Retailer of personal audio and wearable products, plus mobile accessories | 2016 | Gurugram | Series C | fswxesp | ||
86 | Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru | Series G | yebbgzz | ||
83 | Online retailer of fresh and high-quality meat products | 2015 | Bengaluru | Series G | omsoavu |
IPOs and Publicly Listed companies in Fireside Ventures' Portfolio
1 of Fireside Ventures' portfolio company became public - Mamaearth. It got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Nov 2023 at marketcap of $1.25BHere are Fireside Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 07, 2023 | Dec 05, 2016 | Seed | 9804 |
Acquired companies in Fireside Ventures' Portfolio
14 companies from Fireside Ventures' portfolio have been acquired. The most recent acquisition were Solethreads in Mar 2026 by Tauseef Mirza.Here are Fireside Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 30, 2026 | Jun 26, 2023 | Series A | 1290 | |
Feb 12, 2026 | Jun 17, 2021 | Series A | 1258 | |
Nov 06, 2025 | Mar 09, 2021 | Seed | 8303 | |
Sep 25, 2024 | Nov 09, 2015 | Seed | 5174 | |
Jun 02, 2023 | Feb 23, 2015 | Series A | 7066 |
Team profile of Fireside Ventures
Fireside Ventures has a team of 30 members including 5 Partners and 14 Principals located in India. Fireside Ventures' team sits on the board of 16 companies.Here is a list of top team members in Fireside Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Bengaluru | Bombay Shaving, boAt and 11 more | ||
Partner | Bengaluru | |||
Partner | - | The Sleep Company, NatHabit and 1 more | ||
Partner | Bengaluru | |||
Partner | Bengaluru | - | ||
Principal | Mumbai | |||
Principal | Bengaluru | |||
Principal | Bengaluru | - |
Co-investors of Fireside Ventures
Over the past 11 years, 1934 investors have co-invested in Fireside Ventures's portfolio companies. This includes funds and angels.
- Invested before Fireside Ventures: Alteria Capital, Maninder Gulati and 670 others have invested in rounds before Fireside Ventures. There are 5 companies where Alteria Capital has invested before Fireside Ventures and 3 companies where Maninder Gulati has invested before Fireside Ventures.
- Top Co-investors of Fireside Ventures: 465 investors entered a company along with Fireside Ventures. These include investors like Alteria Capital (4 companies).
- Invested after Fireside Ventures: A total of 797 investors have invested in Fireside Ventures's portfolio after their investments. Top Investors include Stride Ventures (13 companies), Alteria Capital (12 companies) and Kanwaljit Singh (7 companies).
Recent News related to Fireside Ventures
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FruBon Raises Funding From Fireside, Others to Scale Dairy Business in IndiaViestories•Apr 13, 2026•FRUBON, Fireside Ventures, NSFO
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Amaha Secures INR 50 Cr in Series A Funding RoundEnablers•Mar 31, 2026•Amaha, Fireside Ventures, Lightbox
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Rozana Secures $22.5 Million Series A to Scale Rural Logistics Across IndiaBusiness Outreach•Mar 07, 2026•Rozana, Fireside Ventures, Bertelsmann India Investments
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Rozana Raises ₹290 Crore Led by Bertelsmann IndiaLivemint•Mar 06, 2026•Rozana, Bertelsmann India Investments, Fireside Ventures, FE Securities and 3 others
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Stable Money Raises $25 Mn Led by Peak XV at $175 Mn ValuationEntrackr•Feb 18, 2026•Z47, Peak XV Partners, Stable Money, RTP Global and 4 others
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DUSQ Raises Rs 24 Cr in Seed Round Led by Fireside VenturesStartupNews•Feb 13, 2026•Fireside Ventures, DUSQ, Rigel Capital, Sinar Mas and 5 others
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USV to Acquire 79% Stake in Wellbeing Nutrition for Rs 1,583 CrNewsDrum•Feb 12, 2026•Wellbeing Nutrition, USV India, USV, Fireside Ventures
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Nester Secures INR 19 Cr in Pre-Series A Funding RoundEnablers•Feb 11, 2026•Sadev Ventures, OTP Ventures, Titan Capital, Fireside Ventures and 2 others
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Supertails Bags $30 Mn To Open New Pet ClinicsStartupNews•Feb 10, 2026•Saama Capital, Supertails, RPSG Capital Ventures, Fireside Ventures and 3 others
