100% of portfolio's revenues from online channels: RPSG Capital's CIO

In a Q&A Abhishek Goenka dwells on the VC fund's investment strategy, the sectors within the consumer space that he is bullish on, and the road ahead

Established in 2018, RPSG Capital Ventures is an early-stage consumer VC fund focussed on investing in the D2C ecosystem including food & beverage, personal care, and lifestyle goods. After deploying its first fund of Rs 100 crore over the last three years, it is raising a second fund of Rs 500 crore. Abhishek Goenka, head and CIO of the fund, who spearheaded investments into D2C start-ups like mcaffeine, Skinkraft, Plix and The Souled Store spoke with Business Standard about the road ahead.Edited excerpts:

You do not invest in startups outside of consumer brands with online distribution. Given that the fund