L’Oréal backs an India-focused VC fund

The French cosmetics manufacturer establishes its footprint in the Indian market.

Institution: L’Oréal
Headquarters: Clichy Cedex, France
AUM: €35.5bn

L’Oréal has committed to Fireside Ventures’ second fund, Fireside Fund II.

The commitment marks the fourth investment through its proprietary venture capital investment program: Business Opportunities for L’Oréal Development (BOLD).

The Fireside Fund II aims to support Indian start-ups in the consumer sector, with a focus on beauty products.

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