About Caret Capital
Caret Capital is a venture capital firm founded in 2023. It is primarily based out of Gurugram, India. As of Jan 2026, Caret Capital is an active investor, having invested in 25 companies, with 4 new investments in the last 12 months. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Retail and Consumer. Most recently it participated in the $***** Seed round of Arthum Overall, Caret Capital portfolio has seen 1 acquisition, namely Awign. A lot of funds co-invest with Caret Capital, with names like Lumis Partners sharing a substantial percentage of its portfolio. Caret Capital has team of 15 people including 4 partners.Key Metrics
Team Members
Portfolio Sectors
Rounds of Entry
Seed & Series A
Portfolio Acquisitions
Portfolio Soonicorns
Caret Capital's List of Top Investments
Caret Capital has a portfolio of 25 companies. Their most notable investments are in Arthum and Tractor Seva.Their portfolio spans across India, Singapore and United States. They have invested in Enterprise Applications, Retail, Consumer and 15 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Caret Capital:
1. Awign
Cloud-based on demand internship platform for the multi industry. It allows candidates to view available internship opportunities and apply for vacancies. Once a candidate is selected for an internship after the interview, on job training is provided. The offering sectors include human resources, sales, logistics, etc. It is available to download from google play and the apple store.
Key facts about Awign
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹204Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $27.5M
- Employee Count: 252 as on Aug 31, 2025
- Investors: BlackSoil, Bertelsmann India Investments and 55 Others
- Latest Funding Round: Series B, Apr 02, 2024, $*****
- Highlight: Acquired
2. Unstop
Online platform for talent engagement and skill based hiring. It connects students and early career talent with employers through online competitions, coding challenges, quizzes, and internships. The platform focuses on skill assessment and upskilling to help individuals enhance the competencies. It also offers various tools for companies to discover, engage, and recruit talent based on skill sets and performance.
Key facts about Unstop
3. Xindus
Provider of cross-border trade solutions for SMEs. It simplifies international trade processes for small and medium-sized enterprises. This includes logistics management, facilitating access to multiple marketplaces, and streamlining the complexities of international shipping and customs. The platform aims to reduce costs and expand market reach for its clients. It offers support for various aspects of exporting, enabling businesses to scale their operations globally.
Key facts about Xindus
- Founded Year: 2022
- Location: Gurugram (India)
- Annual Revenue: ₹41.8Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $15.5M
- Employee Count: 71 as on Aug 31, 2025
- Investors: 3one4 Capital, Alteria Capital and 6 Others
- Latest Funding Round: Series A, Sep 10, 2024, $*****
- Highlight: Editors' Pick
4. Reshamandi
Provider of digital supply chain management solution for sericulture farmers and silk reelers. It offers quality inputs, IoT advisories, hyper-local sourcing hubs, and good prices for products. It offers AI-tested quality inputs, IoT-led advisories, and near-proximity output linkages for sericulture farmers. It also offers scientifically graded cocoon procurement, fair pricing, AI-led yarn grading, and linkages to the silk reelers. The mobile application is available on Android platforms.
Key facts about Reshamandi
- Founded Year: 2020
- Location: Bengaluru (India)
- Annual Revenue: ₹416Cr as on Mar 31, 2022
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $69.8M
- Employee Count: 237 as on Feb 28, 2026
- Investors: Northern Arc Capital, Creation Investments and 20 Others
- Latest Funding Round: Series A, Jun 13, 2023, $*****
- Highlight: Editors' Pick
5. TraqCheck
Provider of AI-driven background check services with human quality control. The platform offers automated verifications for employment and contractor screening. It supports comprehensive checks including ID, criminal, education, and employment history. The system provides progress tracking, analytics, and reporting to streamline the hiring process. Features include HRMS integration, API access, custom reports, and automated workflows.
Key facts about TraqCheck
- Founded Year: 2020
- Location: Delhi (India)
- Annual Revenue: ₹8.71Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $9.32M
- Employee Count: 47 as on Jul 31, 2025
- Investors: IvyCap Ventures Advisors, LetsVenture and 10 Others
- Latest Funding Round: Series A, Apr 14, 2026, $*****
- Highlight: Editors' Pick
Caret Capital's Year-on-Year Investment Trends
Caret Capital has invested in 25 companies over the last 3 years, with an average of 5 new investments annually in the last 3 years. In 2025, it made 3 investments, while as of Jan 2026, it has made 1 investment in this year. Its most recent first time investment was in Arthum.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 3 | 0 | 3 |
2024 | 8 | 0 | 8 |
2023 | 2 | 0 | 2 |
Caret Capital's Investments by Stage
Caret Capital has made 10 investments in Seed stage with an average round size of $1.37M and 4 investments in Series A stage with an average round size of $5.48M.Stage of entry | No. of Investments |
|---|---|
Seed | 10 |
Series A | 4 |
Note: We have considered here, only first round of investments
Caret Capital's Investments by Sector
Caret Capital has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Transportation and Logistics Tech, Vertical SaaS and High Tech. Notably, it has invested in 23 Tech companies, 21 Enterprise (B2B) companies, 14 Software companies and at least 11 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Consumer | 9 |
Enterprise Applications | 8 |
Transportation and Logistics Tech | 7 |
Vertical SaaS | 6 |
High Tech | 3 |
Others | 20 |
Note: We have considered here, only first round of investments
Caret Capital's Investments by Geography
Caret Capital has made most investments in India (14), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 14 |
United States | 1 |
Note: We have considered here, only first round of investments
Caret Capital's recent investments
Caret Capital has made 1 investments in 2026 so far - Arthum.Here are the most recent investments by Caret Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 21, 2026 | India | Seed | 8786 | [+1] | |
Sep 11, 2025 | India | Seed | 1342 | [+1] | |
Jul 14, 2025 | India | Series A | 6787 | ||
May 12, 2025 | India | Seed | 1027 | ||
Sep 10, 2024 | India | Series A | 9844 | [+3] |
Acquired companies in Caret Capital's Portfolio
1 company from Caret Capital's portfolio has been acquired. The most recent acquisition were Awign in Apr 2024 by Mynavi.Here are Caret Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 26, 2024 | - | - | 1120 |
Team profile of Caret Capital
Caret Capital has a team of 15 members including 4 Partners, 1 Venture Partner and 1 Principal located in India. Caret Capital's team sits on the board of 2 companies.Here is a list of top team members in Caret Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Gurugram | - | ||
Partner | Delhi | - | ||
Partner | - | - | - | |
Partner | Gurugram | - | - | |
Venture Partner | Pune | - |
Co-investors of Caret Capital
Over the past 3 years, 269 investors have co-invested in Caret Capital's portfolio companies. This includes funds and angels.
- Invested before Caret Capital: Lumis Partners, Angel List and 205 others have invested in rounds before Caret Capital. There are 3 companies where Lumis Partners has invested before Caret Capital and 2 companies where Angel List has invested before Caret Capital.
- Top Co-investors of Caret Capital: 40 investors entered a company along with Caret Capital. These include investors like Lumis Partners (3 companies).
- Invested after Caret Capital: A total of 22 investors have invested in Caret Capital's portfolio after their investments. Top Investors include Siddharth Mehta (1 company), Sivaramakrishnan S Iyer (1 company) and Carlos Banilla (1 company).
Recent News related to Caret Capital
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Arthum raises Rs 10 Cr in seed round led by Caret CapitalEntrackr•Jan 21, 2026•Caret Capital, Arthum, Keynote, Caret Capital and 1 other
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PeakAmp secures INR 12 Cr seed funding led by Caret CapitalEnablers•Sep 11, 2025•peakAmp, Caret Capital, IIMA Ventures, Caret Capital and 1 other
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Reefer container shipping platform Citrus Freight raises Rs 2.5 crore in a bridge funding roundIndian Startup News•May 12, 2025•Citrus Freight, Caret Capital, Indigram labs
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Xindus Raises $10 Million to Scale Cross-Border Logistics for SMEsEquityPandit•Apr 10, 2025•3one4 Capital, Orios Venture Partners, Shastra, Caret Capital and 1 other
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TraqCheck has raised an undisclosed amount in fresh funding round from Alok Oberoi, Aakash Anand, and Caret Capital.Enablers•Sep 20, 2024•TraqCheck, Caret Capital, Caret Capital, Culture Cap and 8 others
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Autonomous Solutions (ADAS) Company Rosh.Ai Raises $ 1 Million FundingTechiexpert•Aug 21, 2024•RoshAi, Caret Capital, ThinKuvate, Ev2 Ventures
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Caret Capital Invests in SuperProcure a SaaS-Based Transport Management SystemBusiness News This Week•Aug 06, 2024•SuperProcure, Caret Capital
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Caret Capital and Peyush Bansal Invest in TraqCheck, an AI-Based Startup for Employee Background VerificationBusiness News This Week•Jul 30, 2024•Caret Capital, TraqCheck
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Venture Capital Fund Caret Capital Launches Accelerator ProgramBusiness News This Week•Jul 05, 2024•Caret Capital
