Fund final close · Consumer
Sauce VC’s third consumer fund closes at INR365 crore
The early-stage consumer vehicle exceeded its INR250 crore target.
Sauce Consumer Venture Capital III reached a final close of INR365 crore, founder Manu Chandra said in an August 5, 2024 announcement. The fund had targeted INR250 crore.
Limited partners included Pratithi Investments, Sharrp Ventures and Saison Capital. About 95% of the capital came from domestic investors, according to the announcement.
The fund planned to back 12 to 15 consumer businesses at early stages and reserve a substantial part of its capital for follow-on investments. Sauce’s approach combines initial backing for emerging brands with larger commitments to selected companies as they develop.
Use of funds
Back early consumer brands and follow-on investments
Funding history
Fund final close · This round₹3.7B