Sauce VC closes Rs 750 crore Opportunities Fund to double down on portfolio winners

Consumer-focused venture capital firm Sauce VC has marked the final close of its Rs 700–750 crore Opportunities Fund.

According to the Managing Partner Manu Chandra, the new vehicle will allow the firm to write cheques of up to Rs 250 crore in select companies from its early-stage portfolio.

The fund will primarily back four to five startups.

The Opportunities Fund is structured to invest in early- and growth-stage startups across consumer, B2B SaaS, fintech and other technology-led sectors. However, it will largely focus on follow-on investments in Sauce’s existing portfolio, increasing ownership in breakout companies as they move beyond seed and pre-Series A rounds.

This is Sauce’s second opportunities vehicle, following a Rs 260 crore fund launched in 2024, and its fifth investment vehicle overall. The New Delhi-based firm launched its first fund in 2019 with a corpus of Rs 60 crore, followed by a Rs 158 crore vehicle in 2021. It closed its third fund in August 2024 at Rs 365 crore, exceeding its Rs 250 crore target.

For the first time, the firm has raised capital from large global institutions outside India. The international capital has come from the US, Europe, the Middle East, Singapore and Hong Kong, spanning large institutions and family offices.

The firm is now preparing to launch its fourth early-stage fund by June-July, with a target corpus in the Rs 350-450 crore range.

Sauce plans to continue focusing on niches within large consumer categories such as home care, wellness, appliances, snacking and jewellery, which Chandra described as categories with sufficient depth to support disruption by new-age brands.