India, Feb. 4 -- D2C brand The Whole Truth has raised $51 Mn (around INR 416 Cr) in its Series D round, which was a mix of primary and secondary transactions, co-led by Sauce.vc and Sofina.

The round also saw participation from existing backers, including Peak XV Partners, Rainmatter Health, AYRA Ventures, and Z47.

The startup said the funding round marks the start of its IPO journey. It plans to deploy the fresh capital to scale up in-house manufacturing capacity, fund working capital requirements, and "set up systems and capabilities needed to be public market ready".

"Expect many new, category-defining launches. A few, strategic, long-term partnerships with like minded customers and vendors. And a massive push to build direct relati...