TLDR:
- Sauce.VC has launched its third venture capital fund with a target corpus of Rs 250 crore.
- The fund will focus on investing in new-age consumer brands and platforms at a pre-revenue or idea stage.
Sauce.VC, a consumer-focused early-stage venture capital firm, has launched its third fund with a target to raise Rs 250 crore. The New Delhi-based firm, which invests in new-age consumer brands and platforms at a pre-revenue or idea stage, had received clearance from the Securities and Exchange Board of India (Sebi) a few weeks ago for the new fund. To date, Sauce.VC has invested in 21 companies from its two previous funds launched in 2019 and 2021. The firm’s first fund had a target corpus of Rs 60 crore, while its second fund had a size of Rs 158 crore. The latest Sauce Continuity Fund was closed with a corpus of Rs 263 crore. Some of the companies already invested in by Sauce.VC from the continuity fund include XYXX, The Whole Truth Foods, Mokobara, Innovist, and Supertails. The firm also has plans to add oral care brand Perfora, ice cream brand Hocco, and energy drink Rockit to the list of top-ups.
Overall, the launch of Sauce.VC’s third venture capital fund signifies the firm’s continued focus on early-stage investments in the consumer sector, as well as its commitment to supporting and nurturing new-age consumer brands and platforms.
