Singh: Vahdam Teas grew 10 to 15 times between 2015 and 2019
Kanwaljit Singh · What is Founder DNA? Exaplains MamaEarth, Boat, Licious Investor, Kanwaljit Singh, Fireside Ventures · Sep 19, 2019 · at 30:50
Kanwaljit Singh, Managing Partner at Fireside Ventures, discusses the performance and scaling of early-stage portfolio brand Vahdam Teas.
0:00 / 0:16exact quote · 16.9s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“I was also a personal investor in his company, so I've seen him, you know, grow significantly. One is the business has done really well. And although I can't share the numbers, the company has grown. Maybe from the time that I met him first till today, almost 10 to 15 times.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Kanwaljit Singh
Singh: 60% to 70% of Fireside portfolio companies will achieve successful outcomes
“We believe that we will see anywhere from 60 to 70% of our companies with successful outcomes. So our dependence on one single success or two single success companies, which will do significantly high returns at the cost of some of the others not being able to…”
Singh: Entrepreneurs should grow on their own steam and avoid unnecessary VC
“A lot of times, you know, we meet entrepreneurs where our advice is don't raise VC money. I mean, you have a great business, you have a great idea, you're doing well, actually manage to grow it on your own steam. Go to an investor only when you truly believe t…”
Singh: Macro factors will enable hundreds of new Indian consumer brands
“The whole idea of Fireside was born out of this belief that something very interesting was happening in the consumer brand space, driven by some macro factors which we are really excited about, and I decided that I would probably focus my time and effort on th…”
Favorable unit economics allow struggling consumer startups to survive without shutting down
“So what happens is that in most of these businesses, because like I said earlier, the unit economics is quite favorable. The companies can continue to, you know, almost manage their expenses and manage their burn. Without having to shut down for a fairly long …”
Fireside expects consumer brands to reach ₹100 crore revenue within five years
“As a thumb rule, we believe that we can participate in a company which comes in at say five to 10 crores of revenue and help them achieve a hundred crore revenue in about five years. So that's our thumb rule norm that we are following now. And typically you ca…”
Founders should delegate daily operations by ₹50 crore in revenue
“One of the things that we are very conscious about is you start bringing in senior leadership into the organization. So that by the time you are at a 50 crore run rate, you have enough strength of people in your team who can do the day-to-day business on an on…”