WestBridge backed RegTech Company TSS Consultancy appoints Renowned Anti-Money Laundering expert John Mathew as Advisor

• He is appointed as an advisor for platform development & AML Training Programs for company boards
• John has spent 36 years holding various senior-level positions at HDFC Group where he worked in HDFC Ltd & HDFC Asset Management
• John is a qualified professional and seasoned leader with rich experience in anti-money laundering (AML) compliances, mutual fund operations, risk management and customer delight
• He has been on many governmental and industry committees relating to AML and headed the HDFC group conglomerate on AML Principal Officers

Leading reg-tech company TSS Consultancy, which has built TrackWizz for fighting financial crimes, has announced the appointment of John Mathew as Advisor, who comes with 36 years of rich experience holding various senior-level positions at the HDFC Group.

John Mathew

Prior to joining TSS, John was a member of the start-up team at HDFC Asset Management. He has been on many governmental and industry committees relating to AML and headed the HDFC Group conglomerate on AML Principal Officers. John has led many initiatives within the industry, such as setting up the first unified digital KYC model, conceptualised and facilitated the launch of the MF Central aggregator platform, and liaising with regulatory bodies and committees on AML/CFT standards and compliance.

Commenting on John’s appointment Sagar Tanna, CEO & Founder, TSS Consultancy says, “TSS philosophy is to empower the finance industry in fighting financial crime, money laundering, terror financing, etc, with its software product suite TrackWizz & Screenzaa. We are serving more than 350+ financial institutions and customers in India including Banks, Lending companies, Capital and commodity market institutions & insurers. With John’s appointment, we are confident that he will help us grow the TrackWizz platform with cutting edge capabilities that will make our financial institutions better equipped to combat financial crimes.”

John comes with an expertise in anti-money laundering (AML) related compliances, mutual fund operations, risk management, and customer delight. He has completed his Doctorate from the University of Hertfordshire, England with a specialisation in Enforcement of AML in Indian Banks and Financial Institutions. He has also completed an Executive Program in Management from Columbia Business School, New York. John is ACAMS certified, which is considered the gold standard in AML. Apart from this, he has also completed the Investment Foundation certification from CFA Institute, a Systems Management diploma, and holds a bachelor's degree in commerce from Mumbai University.

Commenting on his appointment, John Mathew, Advisor, TSS Consultancy, says, “TSS is a market leader in AML solutions and has a long-term vision for fighting financial crime. As a crusader myself in fighting financial crime, I believe we have shared synergies in bringing together cutting-edge AML technology solutions and operational expertise for our clients. AML professionals who are also our financial soldiers have been at the forefront in preventing criminals from using and abusing the financial ecosystem. I look forward to sharing my knowledge and expertise in strengthening the resolve to fighting crime and raising the bar in their AML practice, in order to keep our financial systems safe.”

TSS Consultancy is focussed on fighting financial crime specifically in Money laundering, monitoring and screening, terrorist financing and Insider trading through its multi module software product called TrackWizz, continuously strengthened by a team of over 400+ professionals and supporting more than 350+ financial institutions including Banks, Stock Brokers, Stock Exchanges, Hedge Funds and other financial institutions across 3 countries India, South Africa and the US. Combining technology and rich data sources, TrackWizz is the only comprehensive AML solution made in India helping financial institutions fully comply with the Prevention of Money Laundering Act (PMLA).

The Company recently raised funding from Westbridge at a valuation of Rs 900 crore.

TSS Consultancy was founded in 2008 by Sagar, Sameer & Chandrakant Tanna. Headquartered in Mumbai, they are financial technology and compliance partners for over 350 institutions which include Banks, Stock Brokers, Stock Exchanges, Hedge Funds and other financial institutions across 3 countries India, South Africa and the US, with 400+ team strength. TSS Consultancy tech platform TrackWizz & Screenzaa, one of its kind software product suite, is designed to empower the finance industry in fighting financial crime, money laundering, terror financing etc.

WestBridge Capital Invests in Leading Reg-Tech Company TSS Trackwizz at ₹ 900 Cr Valuation

• TSS Consultancy’s tech platform TrackWizz, helps financial institutions fight financial crime, detect malpractices such as money laundering and terrorist financing
• TrackWizz is a software suite by TSS aimed at BFSI, NBFC, brokerage firms , Insurance companies, Banks and payment solutions providers
• The company has grown its revenues by 43% to touch Rs 60 crore and is currently serving 350+ financial institutions
• The Company has been profitable since its inception
• TSS has also become the first reg tech company in India to receive direct authorisation to launch business in the GIFT City. 
• Funds raised to be primarily used for research & development particularly artificial intelligence and significantly scale SAAS offerings (TrackWizz Screenzaa) including launching new products in niche areas of financial crime

India’s leading Reg-tech company TSS Consultancy has received an investment from WestBridge Capital at a valuation of Rs 900 crore. This is a maiden round raised by the Company. Funds raised will be used for research & development particularly artificial intelligence and to significantly scale its SaaS offerings including the launch of new products in niche areas of financial crime.

Sagar Tanna, Founder CEO, TSS

TSS Consultancy was founded in 2008 by Sagar, Sameer and Chandrakant Tanna. Headquartered in Mumbai, the company is a financial technology and compliance partners for over 350 institutions which include Banks, Stock Brokers, Stock Exchanges, Hedge Funds and other financial institutions across 3 countries India, South Africa and the US with 400+ team strength. TSS Consultancy tech platform TrackWizz, one of its kind software product suite, is designed to empower the finance industry in fighting financial crime, money laundering, terrorist financing etc.

Sagar Tanna, Founder & CEO, TSS Consultancy, says, “As India walks towards becoming a five trillion economy, the government has been proactive about uprooting unlawful financial activities from our systems. We believe protecting our financial systems and complying with the law of the land is crucial. Our mission is to help every financial institution and empower financial soldiers to fight financial crime with cutting edge technology and data intelligence with reasonable investments in the area of money laundering, KYC, Terrorist financing and Insider Trading.”

India is one of the members of the FATF and as part of this, it has FIU (Financial Intelligence Unit), which is directly under the Finance Ministry. All the businesses in the country are required to share suspicious information with this unit under the law, if they suspect that a customer is doing suspicious transactions. TrackWizz is the only made in India software and has an excellent curated watchlist combined with transaction monitoring and regulatory reporting, a full blown anti money laundering (AML) solution.

Trackwizz platform under its AML solution provides a relief to both small and large institutions by helping them prevent or report money laundering activities by using a risk based approach.

Deepak Ramineedi, Partner at WestBridge Capital, says, “We are excited to partner with Trackwizz as they expand their market leadership by enhancing their suite of robust and innovative products in a fast-growing compliance market, a top-of-mind space for both financial institutions and governments globally.”

TSS, which has been profitable since its inception, has grown its revenues by 43% in the last 12 months. The Company’s topline is Rs 60 crore. Trackwizz is now used by brokerage firms that generate about 70% of the daily trading volume on both the major exchanges. Apart from the brokers, Trackwizz is also used by top banks in India, NBFC’s and Fintech companies. Currently with its clients like HDFC securities, Axis Bank, Zerodha, among others, Trackwizz aims to provide cutting edge technology solutions and is dedicated to serving the finance industry focussed on fighting financial crime, making operations efficient and helping business grow while keeping the economy crime free.

TSS has also become the first reg tech company to obtain a licence to do business in the International Financial Centre (GIFT City).

According to a report by IBEF, the RegTech Market size was estimated to be USD 7.6 Billion in 2021 and is projected to be worth USD 19.5 billion by 2026 with a CAGR of 20.8%. As governments and regulators become more stringent with financial networks being used for nefarious activities, TrackWizz is rightly positioned to help the financial sector root out crimes which can have serious ramifications for any country’s economy.

About TSS:

TSS Consultancy’s tech platform called TrackWizz, helps financial institutions fight financial crime specifically towards money laundering and surveillance. Serving 350+ institutions with its 400+ team of technologists and certified financial crime professionals with a dedicated focus on India, it is a rare jewel made in and for India.

About WestBridge Capital:

WestBridge Capital is an experienced investment firm, managing over $7.5Bn of capital across investment funds in India and Mauritius that primarily focuses on investments in India. WestBridge Capital leverages both its capital and experience to help companies succeed. WestBridge seeks to partner with some of India’s most promising mid-sized companies for the long-term, whether they are public or private. Over the course of their careers, the team at WestBridge has led investments in over 150 companies. Armed with this wealth of experience, the team at WestBridge is able to assist its portfolio companies – when required -- in many areas including strategy, operations, management recruiting and fundraising.

Debt Collection SaaS Platform Credgenics Raises $50 Mn in Funding Led by Westbridge Capital and Accel

Credgenics co-founders (L-R) — Anand Agrawal, Mayank Khera, and Rishabh Goel / Photo credit: Credgenics

Credgenics, the leading provider of SaaS-based debt collections platform, is raising $50 million in a series B funding round led by existing investors Westbridge Capital and Accel. Other investors participated in this round included Tanglin Ventures and Beams Fintech Fund, along with other strategic investors.

The latest round of funding has tripled Credgenics' valuation to $340 million.

The SaaS platform intends to use the freshly raised capital to expand to Southeast Asian countries including Vietnam and Indonesia that share characteristics such as penetration with India’s credit market, Chief Executive Officer Rishabh Goel told Bloomberg News.

Earlier in August 2021, Credegenics raised $25 million in Series A round of funding led by Westbridge Capital, Tanglin Venture Partners and Accel Partners. Prior to that, it raised $3.3 million from Accel India and Titan Capital, in October 2020, and a seed funding of $300K from Titan Capital, in November 2019.

Founded in 2019 by Rishabh Goel, Anand Agrawal and Mayank Khera, Credgenics is the leading provider of Loan Collections and Debt Resolution technology platform to Banks, Non-banking finance companies, FinTechs, and ARCs worldwide. The AI-powered SaaS-based platform has been recognized as the #1 Best Selling Loan Collections Platform in India by IBS Intelligence in their Annual Sales League Table 2022.

Credgenics works with 80+ customers and handles USD$2bn NPA stage retail loan book value, USD$6bn delinquent stage retail loan book value. It manages 22 million retail loans and sends 60 million digital communications every month. With Credgenics, lenders have increased resolution rates by 20%, improved collections by 25%, reduced collections cost by 40%, reduced collections time by 30%, and improved legal efficiencies by 60%.

DesignCafe Raises Rs.40 Crore Led by Westbridge Capital, Mirabilis Investments and Alteria Capital

The company will utilise funds raised to expand the geographical footprint of both its brands - DesignCafe and Qarpentri, across the country.

Bengaluru-based home interior solutions brand DesignCafe has raised a follow-on Series B round of funding of Rs 40 crore, led by marquee private equity fund WestBridge Capital, Mirabilis Investment Trust along with venture debt fund Alteria Capital.

Existing investors Sixth Sense Ventures as well as DesignCafe’s founders Shezaan Bhojani and Gita Ramanan also participated in this round.

"This round is an affirmation of the many decisions we have made to build a profitable and scalable business in the home interior and decor segment. In the last year, we have made significant progress towards profitability. Our margins have increased significantly and we are operationally profitable across all cities” Shezaan Bhojani, Co-founder and CEO, DesignCafe said.

“This round will help us take both our brands to newer markets across India, as we continue to deliver 60-70% CAGR growth annually. More importantly, with improving EBITDA numbers we expect to soon be profitable, it is with great confidence that we as founders also decided to re-invest in the company at this stage,” he added.

DesignCafe launched in 2015, with a mission to democratise great home interior design and provide a hassle-free and affordable experience to Indian homeowners. The company is currently operational in ten Indian cities and is rapidly expanding.

"We are very excited about expanding Designcafe and our new brand Qarpentri across India, Qarpentri is truly a differentiated offering: it is not only India’s FASTEST Home interior brand with a 15-DAY DELIVERY GUARANTEE, but also India’s MOST AFFORDABLE, with Kitchens starting at just Rs. 49,990/- and a 2BHK home in under Rs. 2 lakhs. In just 6 months since launch, we have become market leaders in this category with over 4x growth and are profitable to boot, ” said Gita Ramanan, co-founder and CEO, DesignCafe.

“With the continued support of our existing investors and interest from new partners combined with the hard work and passion of the team at DesignCafe, we have been able to take our offering across India to over 10,000 homeowners, " she commented.

DesignCafe was founded in October 2015, by award-winning architects and interior designers Gita Ramanan and Shezan Bhojani. With the vision of democratising home interiors & decor, they are India’s first home-tech brand to have a vertically integrated business model, with their own designers, workforce, and a 65,000 square feet factory in Bangalore, manufacturing all their products to deliver homes that are designed and built from end to end in 30 days with a 10-year warranty. The company is currently present in 10 cities and has raised over Rs. 250 Cr in capital from investors like Westbridge capital, Fireside ventures and Sixth Sense ventures For more details - www.designcafe.com

About Qarpentri

Qarpentri was founded by DesignCafe in 2022 to deliver to first-time, value-conscious homeowners, the true potential of designing and delivering modular home interior solutions, thereby creating a new standard for home interior solutions in the country. With the launch of Qarpentri, India gets its first direct-to-consumer (D2C), made-to-measure home interior brand that aims to provide quality home interiors for all, at revolutionary, factory to consumer (F2C) prices. Qarpentri is leading the way in simplifying the home interior business with three core offerings: 15-Day Delivery, a 5-Year Warranty, and Unbeatable Prices (25% lower than the local contractor). Qarpentri achieves this feat by taking advantage of the expertise in design and production of its parent company DesignCafe, while removing the intermediaries. As a result, the brand offers its home interior products at prices that are 25% lower than those of traditional contractors. Qarpentri currently operates ten stores in Bangalore, and 1 each in Hyderabad and Pune, and will soon expand to Chennai, and Mumbai, with additional availability at all of DesignCafe's 15 experience centres, including those in Mysore and Coimbatore. Qarpentri's pilot phase has already delivered more than 200 homes to happy homeowners.

Higher Education Startup Sunstone Raises $35 Mn in Series C Funding led by WestBridge Capital

[L-R] Ashish Munjal (CEO) & Piyush Nangru (COO)  - Founders of Sunstone Eduversity (1)

The startup plans to expand into 100+ cities in the next two years.

Sunstone, one of India's leading higher education startup, has raised $35 million in Series C funding led by WestBridge Capital, which also saw participation from Alteria Capital. The company with presence across 35+ cities in 40+ institutions is building capacities to expand into 100 cities across the country.

Founded by Ashish Munjal and Piyush Nangru in the year 2019, Sunstone had raised $28 million in Series B in October 2021. As per the company’s founder Ashish Munjal, the fresh capital will be used to expand into new programmes, with a key focus on undergraduate tech programs.

Commenting on the funding, Ashish Munjal, Co-founder and CEO, Sunstone said, “The Indian higher education system is at the brink of a long overdue transformation. Sunstone is well positioned to enable this change and impact the lives of millions of students. Over the years, we have made significant strides in the direction but still have a long way to go as the market opportunity and problem we’re trying to solve for, is very large.”

Starting with post graduate management education, Sunstone ventured into undergraduate programs in 2022 for the first time, registering a staggering 10X growth in the past two years.

Reiterating their belief in Sunstone’s vision, Sandeep Singhal, Managing Partner, WestBridge Capital said, “Over the last year, we have seen Sunstone grow and continue to upgrade the quality of education provided to every student. Seeing the ever increasing demand and its potential to be a major disruptor, we are excited to double down our investment to support its mission of transforming the higher education sector in India.”

Established with a vision to transform higher education space, Sunstone strives to introduce accountability, accessibility and quality education for all. By making education outcome focused and industry relevant, Sunstone aims to become the de-facto choice for every student who wishes to pursue a meaningful education.

Edtech Company LEAD School Raises $28 Mn in Funding led by Westbridge Capital

Mumbai-based edtech company LEAD School, that transforms affordable private schools via its Integrated System, has raised US $28 million in a Series C funding round led by Westbridge Capital along with existing investor Elevar Equity. The latest round of funding will be used by the company to accelerate the development and rollout of new product offerings, increase its school network in Tier 2-3 cities and hire talent across domains. 

LEAD School has grown at a rapid pace over the last 3 years and the current Series C round is its third round of institutional funding since 2017. Both the previous rounds were led by Elevar Equity, which remains a major stakeholder.

Founders Sumeet Yashpal Mehta and Smita Deorah began their LEAD School journey by running affordable schools and teaching middle school students. Through their hands-on experience, they built the LEAD School Integrated System with a mission to make excellent schools accessible and affordable to every child. In 2017, the company started offering its Integrated System to schools and has seen rapid adoption with more than 800 schools partnering with LEAD School. LEAD School now serves over 3 lakh+ students studying in these affordable private schools.

LEAD School Co-founder and CEO Sumeet Mehta, “We aim to democratize excellent learning by transforming schools in Tier 2-3-4 towns where the majority of India lives. Our firm belief is that every child, irrespective of their economic background or location of birth, should have access to an excellent education. LEAD School partners with affordable private schools to transform them into centres of excellent learning through our Integrated System. In the last 3 years, we have seen rapid adoption by schools and class averages improvement from below 60% to above 70%. During this pandemic too, our Integrated System has enabled schools to deliver an uninterrupted learning experience for all students. The new round of funding will help us bring more innovation and reach more students and schools.”

“In the new world order, the lockdown ensuing the pandemic has given a massive boost to online education. In the last few months, the edtech sector has evolved rapidly, changing the trajectory of the Indian education system multifold. We see great potential in LEAD School, given their innovative and focused approach in ensuring accessible, quality school-level education for all. As a firm, we believe in investing in ventures that have a large scale impact and are convinced LEAD School will create a strong positive impact on the educational outcomes of millions of young minds”, said Sandeep Singhal, Managing Director, WestBridge Capital.

“We have seen LEAD go from strength to strength, growing to over 800 affordable private schools from fewer than 10 when Elevar first invested. What really differentiates LEAD is their strong solution orientation - understanding and addressing each school stakeholder’s pain points in depth, while keeping the child’s learning outcomes at the center of it all. We are even more excited about the future - as LEAD builds to solve the education quality conundrum in schools, at scale for the first time”, said Sandeep Farias, Founder and Managing Director, Elevar Equity.

LEAD School is betting big with LEAD School Integrated System (IS), a one-of-its-kind solution to transform school quality in India. With LEAD School IS, schools can offer a complete schooling experience to their students, irrespective of whether they’re physically open or shut. With this new round of funding, the company aims to bring innovation to schools hitherto unseen in India.

About LEAD School

LEAD School is promoted by Leadership Boulevard, one of the fastest growing EdTech companies in India. It combines technology, curriculum and pedagogy into an integrated system of teaching and learning, thus improving student learning and teacher performance in schools across the country. LEAD School partners with 800+ schools with an estimated 3 lakh+ students in more than 300 cities, including tier 2 to tier 4 cities, in 15 States.      

About WestBridge Capital

WestBridge Capital is a highly experienced investment firm, managing approximately $3 billion of capital, which focuses on investments in India. WestBridge Capital leverages both its capital and experience to help companies succeed. WestBridge seeks to partner with some of India’s most promising mid-sized companies run by outstanding entrepreneurs and management teams for the long-term, whether they are public or private. In the last fifteen years, the team has led investments in over 80 companies and oversaw a total investment of over $2 billion. The WestBridge team is one of the most recognized in the industry and has a combined 50+ years of experience in investing in Indian companies. Armed with this wealth of experience, the team is able to assist its portfolio companies – when required - in many areas including strategy, operations, management recruiting and fundraising. WestBridge Capital has offices in Mauritius, California and Bangalore.

About Elevar Equity

Elevar Equity connects the economic vibrancy of low income communities with capital markets. Elevar has been the founding or early stage investor in entrepreneur-led business models that demonstrate a direct correlation between high impact and returns. The Elevar Method has democratized access to essential products and services for over 30 million households and catalyzed billions of dollars of capital into ~40 companies, in India and Latin America.

Online Lender Biz2Credit Raises $52 Mn in Series B Funding From WestBridge Capital

Biz2Credit Inc., the leading online lending platform that helps banks and other financial institutions manage small and medium enterprises (SMEs) lending processes and makes it easier and faster for SMEs to access working capital, announced that it has completed a Series B capital financing round of $52 million led by WestBridge Capital. This is the second round of equity financing for Biz2Credit; the company was initially funded by Nexus Venture Partners.

The funds will be deployed to drive further growth in Biz2Credit’s marketplace lending business and support the continued expansion of Biz2X, the company’s state-of-the-art digital lending platform, through SaaS partnerships with global financial institutions. With live deployments of the Biz2X Platform in four major markets worldwide, the funding will help accelerate the adoption of Biz2X globally.

Biz2X’s cutting-edge software enables banks and other financial institutions to streamline SME and commercial lending while providing state-of-the-art, end-to-end loan origination, servicing, monitoring and risk management, and data analytics tools.

“In a market filled with online lending solutions, Biz2X is a truly differentiated platform to automate banks’ business and commercial lending,” said Rohit Arora, CEO and Co-Founder of Biz2Credit. “The technology, coupled with Biz2Credit’s risk management and data analytics tools, and backed with performance data of over $2 billion of funding to date, gives banks an omni-channel experience to seamlessly scale up digital lending business across multiple markets.”

Sumir Chadha, Managing Director of WestBridge, added: “We are excited to partner with the impressive leadership team at Biz2Credit and to work with management to build upon the company’s track record of innovation. We have been highly impressed with the company’s success in partnering with many global financial institutions to power their digital lending. Biz2Credit is a great addition to our portfolio.”

“We are delighted to partner with WestBridge, as they have one of the strongest fintech portfolios we found among growth investors,” said Ramit Arora, President and Co-Founder of Biz2Credit. “Their investment will allow us to continue to hire the best people and maintain our position as the industry leader and innovator in online lending technology and operations.”
About Biz2Credit

Biz2Credit was founded in 2007 with one goal: make the business financing process work better for lenders and their customers. Biz2Credit’s mission is to provide small businesses with industry-leading lending solutions throughout their lifecycle in a flexible and transparent environment. The company offers the Biz2X Platform to banks and other financial institutions to allow them to better manage loan processes and related risks. For more information about Biz2Credit and Biz2X.

Home Interior Design E-Platform Design Cafe Raises $28 Mn Funding from WestBridge and Fireside

Design Cafe, a Bengaluru based online home interior design platform, announced that WestBridge Capital will invest up to Rs 200 cr in a series B round of funding with participation by existing investor Fireside Ventures.

Bangalore based, boutique Investment Bank Sprout Capital Advisors LLP was the exclusive financial advisor on the transaction.

In July last year, the startup had raised undisclosed amount from Fireside in its second round of funding.

Founded in 2015 by Gita Ramanan and Shezaan Bhojani, Design Cafe allows home owners to access best in the country designers which they would otherwise not have access to and allows them to create a designer home in a budget. It is the first of its kind modular home company where the entire home is almost factory made and comes with a
warranty.

[caption id="attachment_127864" align="aligncenter" width="780"] Shezaan Bhojani & Gita Ramanan, Co-Founders of Design Cafe[/caption]

Built on a strong technology backend, the company offers customized interior solutions & personalized designs to consumers.

Design Cafe was set up to address a large personalization and execution gap that existed in the mid-segment (i.e. homes of 1,000-2,000 sq ft.) home interior market. The company also allows Consumers to visualize their home in virtual reality before execution. The company proposes to use the additional capital to expand operations in 6 other cities including Mumbai, NCR and Hyderabad.

The startup is backed by Mr. Kanwaljit Singh (Ex MD. of Helion Ventures), The Salarpuria group through Apurva
Salarpuria and other HNI’s.

Commenting on the funding, Sandeep Singhal, Managing Partner, Westbridge Capital, said, “We have been impressed with Design Cafe’s rapid scaling up and initial success. Their high customer satisfaction rate is an excellent achievement and is a testimony to the company’s deep domain expertise in this sector, hard work and good business judgment. We are thrilled to have the opportunity to partner with Design Cafe in their journey of taking the business to even greater heights and building a marquee brand in home design services and products.”

Kanwaljit Singh, Managing Partner of Fireside Ventures said “DesignCafe operates in a large white space and have built a solution that caters to a large target audience. Gita and Shezaan come with significant design experience which helps them understand the consumer need better. We have backed the company since its early days and are excited to partner with them to build a large home interior services Brand”

Speaking on the occasion, Shezaan Bhojani, Co-founder, Design Café said, “We are very pleased to have Westbridge, one of the leading PE investors in India, join the Design Cafe team. We are also excited to strengthen our already close relationship with existing investor Fireside Ventures, who is also participating in this round. These investors share our long-term mindset and align with our values and we are thrilled to have them join us in our journey to script the next chapter of Design Café."

Founded by KP Balaraj, Sumir Chadha, SK Jain and Sandeep Singhal, WestBridge Capital is a highly experienced investment firm, managing over $2 billion of capital, which focuses on investments in India. The PE firm invests through both direct secondary market purchases and negotiated deals. A typical investment ranges from $10 million to $80 million. The team is one of the most recognized in the industry and has a combined 50+ years of experience in investing in Indian companies.

Fireside is a focused early-stage investment platform for consumer brands. Anchored by a slew of marquee investors, including Premji Invest, Westbridge Capital, Mariwala Family Office, Unilever Ventures, Emami Ltd., RP-Sanjiv Goenka Family Office, Sunil Munjal’s Hero Enterprise Investment Office and ITC Ltd., Fireside manages a corpus of Rs 3.4 Bn to be invested in exciting consumer brand startups in multiple rounds, from Seed to Series A funding.