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Caret Capital

Full company profile

uuid0000cg4

Namestring
Caret Capital
Websiteurl
https://caretcapital.in/
Company typeenum
Private
Founded yearint
2019
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersGurugram, India
HQ citystring
Gurugram
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Keyword5 values
venture capital funding, early-stage investing, pre-Series A startups, sustainability sector investing, India startup funding
Industry1 code
1Venture Debt Providers
CodeFSANAAALPrimaryYes
NAICS code2 codes
  • Portfolio Management and Investment Advice523940
  • Funds, Trusts, and Other Financial Vehicles525
SIC code1 code
  • Investment Advice6282
Product category
Venture Capital / Private Equity
Cost components3 values
Personnel, Operations, Others
GTM typeB2B
B2B
Offering typeServices
Services
Brand1 record
1Caret Capital Fund II
Description

A $50 million fund focused on early-stage startups in India targeting mobility, distribution, and employment sectors.

economictimes.indiatimes.com
Core offering1 text field

Caret Capital operates a $50 million venture capital fund (Caret Capital Fund II) that invests in pre-Series A startups in India. The fund is themed around sustainability, specifically targeting startups in the mobility, distribution, and employment sectors. It resulted from the April 2024 merger of Caret Capital and Ev2 Ventures, combining their resources to back early-stage Indian companies.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Caret Capital is a venture capital firm that operates as a single-product fund structure. The company's primary offering is the Caret Capital Fund II, a $50 million investment vehicle targeting early-stage Indian startups in sustainability-focused sectors including mobility, distribution, and employment. The fund resulted from a merger between Caret Capital and Ev2 Ventures.

Product and service1 record
1Caret Capital Fund II
CategoryVenture Capital Fund
Scale indicator1 record

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
1Endiya Partners
TypeDirect peer
Description

India-focused seed and Series A fund investing in enterprise, consumer, and health-tech startups. Comparable stage and India geography.

2Better Capital
TypeDirect peer
Description

India-focused pre-seed and seed-stage venture firm writing early cheques in technology and supply-chain adjacencies. Highly comparable to Caret Capital in stage focus, geography, and emerging-manager profile.

33one4 Capital
TypeDirect peer
Description

Bangalore-based early-stage VC investing across seed and Series A in Indian tech startups. Comparable in stage, geography, and emerging-manager positioning to Caret Capital.

4Blume Ventures
TypeDirect peer
Description

One of India's most active early-stage funds, investing at seed and pre-Series A across sectors including mobility and consumer supply chains. Comparable stage, geography, and emerging-manager status.

5Chiratae Ventures
TypeDirect peer
Description

India-focused tech VC with active seed and Series A investing across deeptech, consumer, and enterprise. Comparable in India focus and early-stage deal activity.

6Inflection Point Ventures
TypeDirect peer
Description

India-based angel and pre-Series A platform investing across sectors including mobility, logistics, and consumer. Comparable stage and Indian geography.

7Athera Ventures (formerly Inventus Capital)
TypeDirect peer
Description

India-focused early-stage VC investing in technology-enabled services and supply-chain businesses. Directly comparable stage and sector focus.

8Ankur Capital
TypeDirect peer
Description

India-based early-stage fund focused on sustainability, agritech, and employment-impact themes. Closely comparable in sustainability lens and emerging-manager stage.

9Kalaari Capital
TypeBroad incumbent
Description

Established India-focused VC with seed, Series A, and growth-stage investing across sectors including consumer-tech and mobility. Broader stage mandate than Caret Capital but operates in the same geography and competes on early-stage deals.

10Omnivore
TypeDirect peer
Description

India-focused VC investing in agritech, food, and rural supply-chain startups with a sustainability and impact mandate. Strong thematic overlap with Caret Capital's distribution, employment, and sustainability focus.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses2 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment32 records

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Caret Capital

Venture Capital / Private Equitycaretcapital.in

Caret Capital firmographics

Firmographics
Name
Caret Capital
Website
https://caretcapital.in/
Company type
Private
Founded year
2019
Operating status
Operating
Headcount range
1–10 employees
Ownership category
akta.pro rank

Caret Capital industry classification

Industry
Product category
Venture Capital / Private Equity
NAICS
Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)
SIC
Investment Advice (6282)
akta.pro primary industry
Venture Debt Providers (FSANAAAL)

Keywords

  • Venture capital funding
  • Early-stage investing
  • Pre-Series A startups
  • Sustainability sector investing
  • India startup funding

Where Caret Capital is headquartered

Location

Headquarters

HQ city
Gurugram
HQ country
India
HQ region
Asia

Markets served

Caret Capital business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Others

Caret Capital product offering

Product offering

Core offering

Caret Capital operates a $50 million venture capital fund (Caret Capital Fund II) that invests in pre-Series A startups in India. The fund is themed around sustainability, specifically targeting startups in the mobility, distribution, and employment sectors. It resulted from the April 2024 merger of Caret Capital and Ev2 Ventures, combining their resources to back early-stage Indian companies.

Product overview

Caret Capital is a venture capital firm that operates as a single-product fund structure. The company's primary offering is the Caret Capital Fund II, a $50 million investment vehicle targeting early-stage Indian startups in sustainability-focused sectors including mobility, distribution, and employment. The fund resulted from a merger between Caret Capital and Ev2 Ventures.

Differentiator

Problem solved

Functional benefit

Brands

  • Caret Capital Fund II: A $50 million fund focused on early-stage startups in India targeting mobility, distribution, and employment sectors.

Products and services

  • Caret Capital Fund II

Companies that use Caret Capital

Customer profile

Segments1 record

Ideal customer profiles1 record

Caret Capital technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Caret Capital partnerships and signals

Strategic signal

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Caret Capital competitors and assessment

Company assessment

Direct peers

  • Endiya Partners: India-focused seed and Series A fund investing in enterprise, consumer, and health-tech startups. Comparable stage and India geography.
  • Better Capital: India-focused pre-seed and seed-stage venture firm writing early cheques in technology and supply-chain adjacencies. Highly comparable to Caret Capital in stage focus, geography, and emerging-manager profile.
  • 3one4 Capital: Bangalore-based early-stage VC investing across seed and Series A in Indian tech startups. Comparable in stage, geography, and emerging-manager positioning to Caret Capital.
  • Blume Ventures: One of India's most active early-stage funds, investing at seed and pre-Series A across sectors including mobility and consumer supply chains. Comparable stage, geography, and emerging-manager status.
  • Chiratae Ventures: India-focused tech VC with active seed and Series A investing across deeptech, consumer, and enterprise. Comparable in India focus and early-stage deal activity.
  • Inflection Point Ventures: India-based angel and pre-Series A platform investing across sectors including mobility, logistics, and consumer. Comparable stage and Indian geography.
  • Athera Ventures (formerly Inventus Capital): India-focused early-stage VC investing in technology-enabled services and supply-chain businesses. Directly comparable stage and sector focus.
  • Ankur Capital: India-based early-stage fund focused on sustainability, agritech, and employment-impact themes. Closely comparable in sustainability lens and emerging-manager stage.
  • Omnivore: India-focused VC investing in agritech, food, and rural supply-chain startups with a sustainability and impact mandate. Strong thematic overlap with Caret Capital's distribution, employment, and sustainability focus.

Broad incumbents

  • Kalaari Capital: Established India-focused VC with seed, Series A, and growth-stage investing across sectors including consumer-tech and mobility. Broader stage mandate than Caret Capital but operates in the same geography and competes on early-stage deals.

Market position

Strengths4 records

Weaknesses2 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Caret Capital social profiles

Digital presence

Caret Capital financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Caret Capital leadership team

Management profile

Number of profiles

Profiles1 record

Caret Capital funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Caret Capital M&A and investment

M&A and investment

M&A1 record

Investments32 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Caret Capital

What does Caret Capital do?

Caret Capital operates a $50 million venture capital fund (Caret Capital Fund II) that invests in pre-Series A startups in India. The fund is themed around sustainability, specifically targeting startups in the mobility, distribution, and employment sectors. It resulted from the April 2024 merger of Caret Capital and Ev2 Ventures, combining their resources to back early-stage Indian companies.

Is Caret Capital a public or private company?

Caret Capital is a private company. It is classified as venture growth investor backed and is currently operating.

When was Caret Capital founded?

Caret Capital was founded in 2019. It employs 1 to 10 people.

Where is Caret Capital based?

Caret Capital is headquartered in Gurugram, India, in the Asia region.

Who are Caret Capital's main competitors?

Direct peers on record are Endiya Partners, Better Capital, 3one4 Capital, Blume Ventures, Chiratae Ventures, Inflection Point Ventures, Athera Ventures (formerly Inventus Capital), Ankur Capital and Omnivore. Kalaari Capital is listed as a broad incumbent.

Does Caret Capital have an API?

No public API is recorded for Caret Capital.

What industry is Caret Capital in?

Caret Capital's product category is Venture Capital / Private Equity. Its primary akta.pro industry code is FSANAAAL, Venture Debt Providers. Its NAICS code is 523940 and its SIC code is 6282.

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Live signals
Indian Startup NewsLogistics and supply chain startup Yantra Packs raises Rs 12 crore in seed funding from Caret CapitalYantra Packs, a Gurugram-based startup focused on asset-pooling and reusable packaging for industrial supply chains, has raised Rs 12 crore in seed funding from Caret Capital. The company plans to utilize the funds to expand its operations across India, enhance its technology capabilities, and increase its pool of reusable packaging assets.IncubeesYantra Packs raises Rs 12 Cr Seed funding from Caret Capital – IncubeesYantra Packs raised Rs 12 crore in a seed funding round led by Caret Capital to expand its reusable packaging operations across India. The Gurugram-based startup utilizes its Trakkia technology platform to manage asset tracking and supply-chain visibility for over 30 enterprise clients. This investment follows an earlier pre-seed contribution from Impact Infracap and highlights growing investor interest in the reusable packaging sector.Business News TodayYantra Packs raises seed funding from Caret Capital to expand reusable packaging networkYantra Packs has raised Rs 12 crore in a seed funding round from sustainability-focused venture capital firm Caret Capital. The startup plans to use the capital to expand its reusable packaging asset pool and increase its presence across industrial clusters in India. Currently, Yantra Packs serves over 30 enterprise customers with more than 250,000 containers in circulation.The Times of IndiaVC fund Caret Capital invests Rs 12 crore in Yantra PacksVenture capital firm Caret Capital has invested Rs 12 crore in Yantra Packs to support its expansion across India and enhance its technology capabilities. The funding will help scale Yantra Packs' pool of reusable packaging assets, which currently includes about 250,000 containers serving over 30 enterprise customers.EntrackrYantra Packs raises Rs 12 Cr in seed round led by Caret CapitalYantra Packs raised Rs 12 crore in a seed round led by Caret Capital. The funds will expand across India, strengthen technology, and scale its reusable packaging asset pool. The startup serves over 30 enterprise customers with 250,000 containers in circulation.IncubeesCaret Capital led $2.4 M Seed funding raised by Milo Drive – IncubeesCaret Capital led a $2.4 million seed investment round for Milo Drive, an EV mobility platform targeting India’s ride-hailing and urban transit sector, with participation from Antler India, Alteria Capital, IAN Capital, Climate Angels, and Aureolis Capital. The Gurugram-based startup, founded in 2024, integrates vehicle access, multi-platform demand, charging infrastructure, and AI-driven tools to support drivers and fleet operators in managing EV operations. The company reports having powered over one million rides since launch and claims its driver app has increased driver incomes by 20%.Pulse 2.0Milo Drive Raises $2.4 Million To Build EV Fleet Infrastructure In IndiaMilo Drive raised $2.4 million in a funding round led by Caret Capital to build operating infrastructure for India's decentralized electric vehicle fleets targeting ride-hailing and other mobility use cases. The platform addresses challenges around vehicle access, demand aggregation, and fleet operations to help drivers and small fleet operators participate in the transition to electric mobility. The funding will support Milo Drive's efforts to build the backbone of India's EV fleet ecosystem while aligned with Caret Capital's mission of reducing carbon emissions and creating jobs.FinSMEsMilo Drive Raises $2.4M in Seed FundingMilo Drive, a Mumbai-based EV fleet enablement software firm, raised $2.4M in seed funding co-led by Caret Capital and Antler. The company will use the capital to expand its ride demand network, onboard independent fleet operators, and enhance charging intelligence. It has facilitated over one million rides across its connected network.Tech in AsiaIndian EV fleet startup Milo Drive raises $2.4m seedMilo Drive, a Bengaluru-based EV fleet startup, raised $2.4 million in a seed round led by Caret Capital. The company's platform integrates vehicle access, charging, and fleet management, and has powered over 1 million rides. It plans to expand its technology and network.EVreporterMilo Drive secures $2.4 million Seed Round co-led by Caret Capital and Antler • EVreporterMilo Drive, a Gurugram-based EV mobility platform, raised $2.4 million in seed funding co-led by Caret Capital and Antler. The company has facilitated over one million rides and plans to join the EV ride-hailing market, which is projected to grow from $0.24 billion in 2025 to $4.2 billion by 2030.