Fireside Ventures Co-founder Vinay Singh to Step Down After Nearly a Decade

Vinay Singh to Step Down from Fireside Ventures

Vinay Singh, co-founder and partner at Fireside Ventures, is set to leave the firm after nearly a decade. The company confirmed his transition but has not announced his successor or a timeline for his departure.

Singh plans to focus on agentic commerce, an emerging area where AI-powered agents help consumers discover products, compare options and complete purchases.

He said he wants to understand how AI will influence shopping behaviour and shape the future of consumer businesses.

"As AI reshapes commerce faster than most of us expected, I want to spend more time exploring the frontiers of agentic commerce and its implications for the future of consumption," Singh said.

Vinay Singh's Professional Background

Singh is an alumnus of the Indian Institute of Management Bangalore (IIM-B) and has nearly two decades of professional experience.

Before joining the venture capital industry, he worked at Hindustan Unilever and BankBazaar. He also co-founded Stepni, a car servicing platform that was later acquired by Quikr.

In 2017, he co-founded Fireside Ventures alongside Kanwaljit Singh, Kannan Sitaram and Dipanjan Basu.

Fireside Ventures Manages Over $650 Million

Fireside Ventures has become a prominent venture capital firm focused on India's consumer brands. It has invested in more than 65 startups across food and beverages, beauty, personal care, health, wellness and lifestyle sectors.

Its portfolio includes brands such as Mamaearth, boAt, The Sleep Company, Slurrp Farm, Pilgrim, Gynoveda and Vahdam India.

The firm currently manages more than $650 million across four funds. In December 2025, it closed its fourth fund at approximately $253 million (₹2,265 crore).

Senior-Level Exits Continue in India's VC Industry

Singh's planned departure comes amid other senior-level exits in India's venture capital industry.

Earlier in 2026, Ashish Agrawal, Ishaan Mittal and Tejeshwi Sharma left Peak XV Partners to establish their own investment firm, Mettle Capital.

Singh's move towards agentic commerce also reflects growing interest in AI-powered shopping solutions. As the technology develops, AI agents could change how consumers search for products, compare brands and make purchasing decisions.

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