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More ammo in our new opportunity fund for our best bets! Wish us luck please 🙏🏼
Manu Chandra
1,781 posts
Manu Chandra
@Manu_Chandra
India consumer vc @ Sauce, sucker for good home made mutton, Madridista
- It's a one in a million team. They will never say it so I must! These numbers from scratch in an offline-trade heavy biz with the complexity of a frozen supply chain in India, is unreal. Definitely a 'sweet' ride for us @SauceVc 🙃A small cart from Ahmedabad created the 1,000 Cr Havmor brand, with the family now audaciously re-attempting ice cream glory with Hocco: - Satish Chona made ice cream creatively on a cart in Karachi in 1944 - Post-Partition, lost everything struggled in Dehra Dun and Indore
- Fantastic time to be investing in India premium consumer @SauceVc
- Excited to lead a $20m round into Hocco ice creams, Indias fastest consumer goods startup! @SauceVc @YashDholakia @ZoebAliKhan
- We just invested a further 115 Cr into Hocco, partnering to build India's most loved ice cream company from day 0! @SauceVc @YashDholakia @ZoebAliKhan
- An encouraging signal pointing towards economic activity restarting is the drop in VC invitations for #webinars 😁
- Waiting for mukesh bhai to launch a super app with 59 apps.
- As we complete 5 years, keen to double down on what’s working for us - @SauceVc is now raising a 3rd small fund to do super early (pre revenue) bets in India’s exciting consumer market. Wish us luck 🙏🏼 @ZoebAliKhan @YashDholakia💰 Consumer-focused investor @SauceVc, which has backed new-age luggage brand @my_mokobara, healthy foods startup The Whole Truth and petcare firm @Supertails_IND, has launched its third fund with a target to raise Rs 250 crore, founder & managing partner @Manu_Chandra told ET 🧵
- My guesstimate is that in 10 yrs when these mobile-only teens move to spending, this number for legacy cpg giants should be 25-30% and for new age brands 50-60% (remaining from d2c and marketplaces). Outlook weak for those who have built with offline distribution as a prime moatwow qc is 8.5% of nestle's fy25 revenue?!?
- Fantastic to see Indians leading not just the biggest tech cos but also consumer giants globally! Shailesh Jejurikar: Procter & Gamble's next CEO is an IIM Lucknow graduate & Satya Nadella's classmate
