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.
Distribution & Supply Chain
Enabling seamless movement of goods and services by backing technologies that modernize logistics, warehousing, and last-mile delivery.
Jobs
Supporting platforms that drive employment, skill development, and workforce empowerment at scale across urban and rural India.
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.
Know More
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
Portfolio
Supported By
Team
Manan Mehta
Investment Analyst
Sector Focus: Supply Chain and Distribution
Karan Mittal
Managing Partner
18 years of PE, VC and M&A experience. Founded India’s first EV-focused fund. Sector Focus: EV and sustainable mobi...
Pankaj Bansal
Co-founder and Managing Partner
Serial entrepreneur. Built and exited PeopleStrong (Goldman Sachs) and Wheebox(ETS). Sector Focus: Employment and Employ...
Rajesh Batra
Advisor
Seasoned finance professional
Tanvi Rastogi
Head of Legal
Steering compliance and regulatory frameworks.
Yukta Kelkar
Investment Analyst
Sector Focus: EV and sustainable mobility ecosystem
Aman Khan
Investment Analyst
Sector Focus: Employment and Employability
Atreyi Dass
Partner at Caret360
Driving India’s Growth Through Inclusive Innovation
Prajakt Raut
Co-founder and Managing Partner
Entrepreneur and Entrepreneurship Evangelist. Sector Focus: Supply Chain and Distribution
Ravtej Singh
Senior Analyst
Driving Rural Distribution initiatives.
Amit Jain
Advisor
One of the top 100 HR professionals in India..
Ketika Singhal
Head of Accelerator
Leading startup growth and mentorship And leading investments in Supply Chain and Distribution
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
