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Manu Chandra's Sauce, the VC making a feast of small servings - The Economic Times
Sauce VC is set to make an estimated Rs 500-550 crore from L'Oréal's acquisition of Innovist, validating founder Manu Chandra's strategy of backing consumer startups early and doubling down on winners. The deal has also put the spotlight on Sauce's model at a time when India's D2C sector has moved beyond the easy-money era.
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economictimes.indiatimes.com
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L’Oréal-Innovist deal: early investors cash in big, founders pocket Rs 800-900 crore - The Economic Times
L'Oréal announced on Thursday that it would acquire a majority stake in Innovist. While the companies did not disclose financial details, people familiar with the transaction told…
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Manu Chandra's Sauce, the VC making a feast of small servings - The Economic Times
Sauce VC is set to make an estimated Rs 500-550 crore from L'Oréal's acquisition of Innovist, validating founder Manu Chandra's strategy of backing consumer startups early and…