The brand new fund, known as Caret Capital Fund II, will put money into pre-Sequence A startups throughout three sectors – mobility, distribution, and employment, as per an announcement.
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The fund has secured its anchor buyers, and will probably be led by managing companions Pankaj Bansal, Karan Mittal and Prajakt Raut, the assertion stated.
Bansal can be cofounder and group chief government of human assets tech firm PeopleStrong. Raut based Caret Capital in 2020, earlier than which he was cofounder of Applyifi and a vice-president at Indian Angel Community, amongst different roles.
Mittal, basic accomplice at Ev2 Ventures, stated in an announcement, “Given the scale and scale of the alternatives that India has, it was essential to increase our assets. Combining the collective energy of each groups with an impressive observe file offers us the precise basis to create worth supporting our thesis.”
Ev2 Ventures is a pre-Sequence A Enterprise capital fund that has invested in firms resembling electrical industrial car maker Euler Motors, logistics aggregator Cogos Applied sciences and electrical car financing and asset intelligence startup Alt Mobility.
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Caret Capital’s portfolio, as per its web site, contains Celcius, an asset-light chilly provide resolution supplier; Stylumia, a man-made intelligence-enabled demand forecasting software program for trend manufacturers; and Mooofarm, a dairy-focussed agritech startup. Caret Capital was previously known as Provide Chain Lab.
