Startups #venture capital#startups
Manu Chandra's Sauce VC Serves Up 8-10x Return with L'Oréal's Innovist Acquisition
Manu Chandra's Sauce VC is poised to generate an estimated 8-10x return from L'Oréal's ~Rs 4,100 crore acquisition of Innovist, validating the firm's concentrated, follow-on investment strategy. Founded in 2019 with a modest Rs 60 crore fund, Sauce VC has grown to a Rs 750 crore opportunities fund, mirroring the discipline of Union Square Ventures.
Jun 20, 2026 1 source