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There has been some correction in valuations among consumer brands: Fireside’s Kanwaljit Singh
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There has been some correction in valuations among consumer brands: Fireside’s Kanwaljit Singh

By Andrew McCollum

Kanwaljit Singh, managing partner and co-founder, Fireside ventures; Image Credit: Special Arrangement

Synopsis

Startups are wrestling with a tough funding environment. Fireside Ventures, on the other hand, has maintained the “rhythm” of their investing. In fact, the pace has gone up, says Kanwaljit Singh, founder and managing partner of the VC firm. ET Prime spoke to him at length where he also talked about correction in valuations in the consumer brands space.

Fireside Ventures, known for backing consumer brands and turning them into household names, is now looking for more opportunities in newer areas, such as gaming. boAt, Mamaearth and Vahdam are some of the names that the VC firm has backed. Fireside’s founder and managing partner Kanwaljit Singh spoke to Mugdha Variyar and discussed the performance of his portfolio companies, profitability, and newer bets. Here are some edited excerpts: It’s

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