Sauce's Manu Chandra on consumer exits; Physical AI's regulation push
Manu Chandra, founder of Sauce, anticipates larger exits for investors in India's new-age consumer brands, driven by increasing strategic acquisitions. He noted that smaller niche brands will emerge, leading to more frequent midsize acquisitions over the next five years. Chandra's firm recently achieved a significant exit of ₹500-550 crore from L’Oréal's acquisition of Innovist, reflecting the rising valuation expectations in the sector.