Manu Chandra's Sauce, the VC making a feast of small servings (opens original article in a new tab)

Sauce VC, led by Manu Chandra, secured a major exit through L'Oréal's acquisition of Innovist, highlighting its strategy of small early-stage investments and follow-on funding in consumer brands.

• Sauce VC, founded by Manu Chandra, achieved a significant exit with L'Oréal's acquisition of Innovist, generating Rs 500-550 crore.
• The firm's strategy involves small early-stage investments and follow-on funding for successful portfolio companies, with a focus on consumer brands.
• Sauce VC raised a Rs 750 crore opportunities fund to further invest in its portfolio, aligning with a disciplined approach to fund size and returns.