Fireside Ventures

Lal Sweets looks to raise $40 mn from PE investors at $175 mn valuation

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Bengaluru/Mumbai: Bengaluru-based Lal Sweets is in talks to raise about $40 million from private equity investors. The potential deal values the company at $150-175 million, according to three people with knowledge of the matter. The company, which sells sweets, cookies and savories, has received a term sheet from the private equity arm of Motilal Oswal … Read more

Startups, including early-stage, focusing more on fundamentals than growth

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“In the short to medium term, we are seeing businesses pausing growth and even allowing for shrinkage to weed out unsustainable and harmful elements,” said Sheetal Bahl, a partner at Merak Ventures. However, he added that this is not a permanent shift. “Once startups consolidate their positions, they’ll refocus on growth, but in a more … Read more