Sauce has built a great investor brand (amongst founders & co-investors) and also has an incredible portfolio: Whole Truth Foods, Mokobora, Hocco ice cream, MyMuse & more
We’re starting to see sector specific VC funds in India gain traction ⤵
(1) Omnivore Ventures | Started: 2011 | Agritech | Fund size (latest vehicle): $150 million
(2) DSG Consumer Partners | Started: 2012 | Consumer Brands | Fund size (latest vehicle): $65 million
(3) Ideaspring Capital | Started: 2016 | Enterprise Tech | Fund size (latest vehicle): $25 million
(4) Fireside Ventures | Started: 2017 | Consumer Brands | Fund size (latest vehicle): $225 million
(5) Speciale Invest | Started: 2017 | Deep Tech | Fund size (latest vehicle): $35 million
(6) Neon Fund | Started: 2021 | SaaS | Fund size (latest vehicle): $50 million
(7) Together Fund | Started: 2021 | SaaS | Fund size (latest vehicle): $85 million
(8) Gruhas | Started: 2021 | Real Estate Tech, PropTech | Fund size (latest vehicle): ₹500 crores (approx. $67 million)
(9) Beams FinTech Fund | Started: 2022 | Fintech | Fund size (latest vehicle): ₹270 crores (approx. $36 million)
✅ Right now, most of these funds are small (< $100M) in absolute terms but mostly getting to the right size to chase the market opportunity in their sector.
Some of these firms are known to deeply embed themselves in their portfolio company (act as an incubator or de-facto co-founder).
➡ There are tangible trade-offs b/w sector focused v/s sector agnostic. Being sector focused lets you build incredibly strong pull e.g. I heard someone call Sauce VC the “(Consumer) Brand Alpha” fund
#startups #india #venturecapital
This post was originally shared by Rahul Mathur on Linkedin.