Venture capital (VC) fund Caret Capital has announced the launch of its 100-day Caret360 Accelerator program for early-stage startups.
The selected startups will get up to ₹3 crore in investments as well as mentoring from industry leaders, Caret Capital said in a statement.
The startups get assisted access to Caret’s community of CXOs from some of the country’s largest corporations, it said.
Prajakt Raut, managing partner of Caret Capital, said, “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 chances of success,” Sandip Das, who is a former chief executive at Hutchison and a former managing director at Jio. Das is currently co-chair at Caret Innovation Lab and Caret Accelerator.
Caret360 Accelerator will invest and mentor startups across three focus areas — smart mobility, distribution/supply chain and employment/employability.
Caret360 Accelerator has a rigorous selection process involving multiple stakeholders including other VC, corporates, and domain experts, and selects as steep as 1% of the start-ups that apply. Past cohort companies such as Celcius Logistics and Just Deliveries have raised follow-on capital from Caret Capital as well as other marquee VCs.
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