According to an ET report, consumer-focused early-stage venture capital firm Sauce VC has opened its third fund with an aim to raise Rs 250 crore.
A few weeks prior, Sauce.VC was granted approval for the new fund by the Securities and Exchange Board of India (Sebi).
The New Delhi-based company makes pre-revenue or idea stage investments in cutting-edge consumer brands and platforms. Through its two independent funds, which were introduced in 2019 and 2021, it has made investments in 21 businesses thus far.
In 2019, Sauce.VC opened its first fund, with a Rs 60 crore target corpus. In 2021, it introduced its second vehicle, which had a Rs 158 crore fund size.
With a Rs 263 crore corpus, its most recent Sauce Continuity Fund was closed.
From the continuity fund, it has already made investments in XYXX, The Whole Truth Foods, Mokobara, Innovist, and Supertails. It also intends to add the brands Perfora for oral care, Hocco for ice cream, and Rockit for energy drinks to the list of top-ups.
