'Sauce VC' successfully marks the Final Closure of Fund-III at 
365 crore
Sauce VC, a key early stage venture capital company focused on consumers has successfully marked the final closure of its third fund at 
365 crore (approximately $43.6 million).
365 crore (approximately $43.6 million).
Expressing to this, Manu Chandra, Founder and Managing Partner of Sauce.vc says, “The fund was oversubscribed by 3x in four weeks and it was overwhelming and tempting to raise more but the right sizing was important. My apologies to all LPs who we couldn’t accommodate in this fund”.
The significant venture capital fund has gained funding from Kris Gopalakrishnan’s family office – Co-Founder of Infosys, Marico promoter Harsh Mariwala’s Sharrp Ventures, Pratithi Investments, Saison Capital and Singularity Ventures. Out of the total capital, 95% was lifted from domestic investor’s with around 80% of capital from the current sponsors of Sauce VC’s earlier funds.
The New-Delhi based company infuses capital in new-age consumer platforms and brands at a pre revenue stage. Till today, the company has injected in 21 companies from its two different funds that were established in 2019 and 2021.
Launched its first substantial round in the year 2019, Sauce.vc has targeted a corpus of 60 crore. The firm has launched its second fund vehicle in the year 2021 with a fund volume of 158 crore. The company’s latest Sauce Continuity Fund was completed at a corpus of 263 crore.
60 crore. The firm has launched its second fund vehicle in the year 2021 with a fund volume of 158 crore. The company’s latest Sauce Continuity Fund was completed at a corpus of 263 crore.
Already it has made its investment in The Whole Truth Foods, XYXX, Supertails, Innovist and Mokobara from the continuity fund and has strategies to add a Perfora – an oral care brand, Hocco - ice cream brand, and Rockit – an energy drink brand to the list of its top-ups.
