Consumer-focused early-stage venture capital firm Sauce.VC has announced the launch of its third fund, aiming to raise Rs 250 crore. According to an ET report, the fund recently received clearance from the Securities and Exchange Board of India (SEBI).
Founded in New Delhi, Sauce.VC specializes in investing in emerging consumer brands and platforms at the pre-revenue or idea stage. Since its inception, the firm has made investments in 21 companies through two previous funds. The first fund, launched in 2019, had a target corpus of Rs 60 crore, while the second fund, launched in 2021, was significantly larger with a fund size of Rs 158 crore.
In addition to these, Sauce.VC recently closed its latest Sauce Continuity Fund with a corpus of Rs 263 crore. This fund has already facilitated investments in several promising brands, including XYXX, The Whole Truth Foods, Mokobara, Innovist, and Supertails. Future plans for the continuity fund include top-up investments in oral care brand Perfora, ice cream brand Hocco, and energy drink Rockit.
With this new fund, Sauce.VC continues its mission to support innovative consumer-focused startups, leveraging its experience and successful track record to foster growth and development in the sector.
