Vinay Singh, cofounder and partner at Fireside Ventures, is leaving the Bengaluru-based venture capital firm after nearly a decade. The consumer-focused firm announced his departure on Monday. Fireside Ventures manages over US$650 million in assets across four funds.
Exit details
Singh worked closely with founders in beauty and personal care, food and beverages, wellness, and lifestyle segments. He focused on consumer brands throughout his tenure. Fireside said he would step down from the firm.
Fund scale
Fireside Ventures was founded in 2017 by Singh, Kanwaljit Singh, Kannan Sitaram, and Dipanjan Basu. The firm has backed more than 65 startups. It closed its fourth fund at about US$253 million in December last year.
Singh's background
Singh is an alumnus of IIM Bangalore. He previously worked at Hindustan Unilever and Bankbazaar. He also cofounded car servicing platform Stepni, which was later acquired by Quikr.
Singh plans to explore agentic commerce and its implications for future consumption. Fireside has not named a successor. The firm currently claims to be led by a team of 12 principals and vice presidents.