Venture capital fund Caret Capital launches accelerator program for early-stage startups

Caret Capital has announced the launch of Caret360 Accelerator - a 100-day Outcome-Focused program for early-stage startups.

Caret Capital is a sustainability fund that invests across Mobility, Distribution, and Employment.

Its portfolio comprises startups that are transforming three key aspects of the value chain - Goods and Services Supply Chain, Human Capital Supply Chain and Assets and Infra Supply Chain:

How will it benefit startups? 

According to Caret Capital, the selected startups will receive up to Rs 3 crore in funding and deep-engaged mentoring from industry leaders.

Additionally, the startups will receive assisted access to Caret’s community of CXOs from some of the country’s largest corporations.

Leadership comments

Commenting on the development, Prajakt Raut, Managing Partner of Caret Capital, said, “Caret Accelerator is a platform for us to empower early-stage startups with capital and mentoring from industry stalwarts. Startups will also have the opportunity to draw further follow-on capital from Caret Capital.”

“Caret provides timely capital, aggregates and makes accessible industry expertise, imparts skills through mentorship and helps startups improve their chances of success,” Sandip Das, Ex-CEO - Hutchison and ex-MD Jio, Co-chair Caret Innovation Lab and Caret Accelerator.

Investing and providing mentorship 

Caret360 Accelerator will invest and mentor startups across the 3 areas of focus of Caret Capital - smart mobility, distribution/supply chain and employment/employability. It has a rigorous selection process to select a distinguished group of startups. 

The selection process involves multiple stakeholders, including other VCs, corporates, and domain experts, and it selects as few as 1% of the start-ups that apply.

Past cohort companies like Celcius Logistics, Just Deliveries, etc. have raised follow-on capital from Caret Capital as well as other marquee VCs.