Born Thematic

Caret Capital is a sustainability-focused thematic venture capital fund. We invest in category-building startups across three sectors that have the strongest tailwinds in India’s growth story.

Driven by returns
Guided by our mission.

Via the companies we invest in, our mission is to create 10 million jobs, reduce carbon emissions by 10 million metric tonnes and significantly optimize India’s supply chain and logistics sector.
We track and report across 3 key parameters: Growth of our startups, returns for our investors and impact for India.

Our Thesis

We invest in sectors that are fundamental to India’s growth story. These three inter-connected sectors have the highest multiplicative effect and represent a potential of USD 1.2 trillion by 2030.

We invest up to Rs.15 cr (USD 2mn) in seed to Series A startups.

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Distribution & Supply Chain

Enabling seamless movement of goods and services by backing technologies that modernize logistics, warehousing, and last-mile delivery.

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Jobs

Supporting platforms that drive employment, skill development, and workforce empowerment at scale across urban and rural India.

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Smart
Mobility

Investing in transformative mobility solutions that enhance accessibility, reduce emissions, and reshape how India moves.

Caret Ecosystem for driving our mission and supporting category-building founders

Powering early-stage startups with capital, mentoring and customer access.

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Helping bridge the gap between innovation and industry innovation via

1. Innovation Radar
2. Research Reports and Whitepapers
3. Engagement with policy makers
4. Annual GPS Summit

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Portfolio

Supported By

Team

Let’s Shape India’s Growth Story,Together

Whether you’re a founder, partner, or policymaker, let’s connect to shape India’s future, creating jobs, accelerating sustainability, and building world-class supply chains.

Caret Initiatives

At the heart of Caret Capital is a team of investors, entrepreneurs, and operators united by a shared mission—to drive measurable impact through innovation. With deep sectoral experience and thematic clarity, the leadership champions startups that are reshaping India’s mobility, employment, and supply chain ecosystems for a more efficient and inclusive future.

Caret Capital was delighted to host Industry leaders to celebrate the…

Caret Capital Hosts GPS Forum Curtain Raiser Focused on Growth & Innovation | News9

The SHRM Tech Conference 2024 at HICC, Hyderabad

Caret Capital at the Zero Mile Samwad thought leadership summit

Our Blogs

From Zero to 250 Crores: Lessons from a B2B SaaS Journey

From Rejections to Resilience: How Celcius Pioneered India’s Cold Chain Logistics

Adapting distribution strategies to address new market realities

Introducing the cohort of Caret Accelerator — August 2024 batch

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