Happy Monday! A new wave of brands founded by second generation entrepreneurs is snagging venture capital. This and more in todays packed edition of ETtech Morning Dispatch.
Several direct-to-consumer (D2C) brands in sectors such as food and beverages, apparel, health and wellness — founded by scions of families running traditional businesses in similar categories — are drawing significant amounts of venture funding.
New Delhi-based investment firm Sauce VC, which has backed new-age luggage brand Mokobara, healthy foods startup The Whole Truth and petcare firm Supertails, aims to raise Rs 250 crore for its third fund. This comes as D2C firms see growing interest from risk capital investors. The firm looks to back 15-16 consumer brands in their early stages.
Happy Monday! Online sales havent picked up during the final quarter of FY24, industry officials said. This and more in todays ETtech Morning Dispatch.
Consumer-focused early-stage venture capital firm Sauce.VC, which made the final close of its Sauce Continuity Fund in March this year, has now launched its third ..