Caret Capital announced the launch of Caret360 Accelerator – a 100-day Outcome-Focused program for Early-Stage Startups.
Selected startups will get up to Rs. 3 crore investment as well as deep-engaged mentoring from industry leaders. Additionally, the startups get assisted access to Caret’s community of CXOs from some of the country’s largest corporations.
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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.”
Smart mobility, distribution/supply chain, and employment/employability are the three areas of focus of Caret Capital, and these are the startups that Caret360 Accelerator will invest in and mentor.
“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.
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The Caret360 Accelerator employs a stringent selection procedure to choose a select group of outstanding startups. As many as 1% of the start-ups who apply are chosen through a multi-stakeholder selection process that includes other venture capitalists, corporations, and subject matter experts. Prior cohort companies, such as Just Deliveries and Celcius Logistics, have secured follow-on funding from prestigious venture capital firms like Caret Capital.
About Caret Capital
Caret Capital is a sustainability fund that invests across Mobility, Distribution, and Employment. Caret360 is the accelerator and CXO community initiated by Caret Capital to help startups and industries discover each other.
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