Sauce VC
About
Sauce VC is one of India’s most specialised and high-conviction consumer brand investors, founded in 2019 by Manu Chandra — a graduate of IIM Ahmedabad and former investment director at 3i Group, a FTSE-listed private equity firm. Based in Delhi, Sauce VC manages committed capital of over ₹850 Cr across three main funds and two continuity funds, making it one of the largest dedicated pre-seed consumer brand investors in India. Fund I (2019) raised ₹60 Cr, Fund II (2021) raised ₹158 Cr, and Fund III (2024) was closed at ₹365 Cr — oversubscribed 3x in just four weeks, with LPs including Kris Gopalakrishnan’s family office, Harsh Mariwala’s Sharrp Ventures, and Singularity Ventures. A second continuity fund launched in early 2025 targeted ₹700 Cr for follow-on investments in profitable category leaders. Sauce has backed 42 companies, with landmark early bets on The Whole Truth Foods, Mokobara, XYXX Innerwear, Hocco Ice Creams, Supertails, Perfora, and MyMuse — some from the pre-revenue stage. The continuity fund tracking a 94% IRR and 2.5x MOIC reflects the exceptional performance of these early bets.

Fundamentals
Stage Focus
- Idea / MVP
- Early Traction
- Revenue Generating
- Growth Stage






