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The Venture Codex

Caret Capital

Two Horizon Centre, Suite 628-629, Level 6, Wing B, Golf Course Road, DLF Phase V, Sector 43, Gurgaon, Haryana, 122002, India

Overview

Caret Capital is a 6-month structured program for early and growth-stage startups in the supply chain domain. It is designed to give startups a competitive advantage and enable them to accelerate their growth.

Total investments
7
Lead investments
5
Investments · 12mo
4
Active investors
4

Sector focus

  • Finance
  • Financial Services
  • Supply Chain Management
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Investment portfolio

  • Yantra Packs

    Led · Seed · Aug 2026

    Yantra Packs operates a reusable packaging platform and asset-pooling business, supplying pallets, crates, containers and other returnable transport items through rental and pooling models. Its technology platform, Trakkia, offers asset tracking and supply-chain visibility to improve asset utilization and manage lifecycles. The company was founded in 2020 by Vipin Battu and Karan Saharan and is based in Gurugram. Yantra Packs reports serving over 30 enterprise customers with more than 250,000 containers in active circulation across eight warehouses and over 100 customer touchpoints. It competes with players such as Leap India, Holisol Logistic, Econovus and Good Pack. Recent funding includes a Rs 6 crore pre-seed from Impact Infracap in December 2024 and a Rs 12 crore seed round led by Caret Capital, which the company says will support national expansion, technology development and scaling its asset pool.

  • Milo Drive

    Led · Seed · Jul 2026

    Milo Drive builds an asset-light, technology-led EV mobility platform that aggregates demand across ride-hailing, corporate travel, airport transfers, rentals and other mobility channels. The platform uses data intelligence and machine-learning-led ride assignment to improve vehicle utilisation, driver earnings and service reliability. Founded by Monil Jayeshkumar Khatri and Vishal Jewrajka, the company has powered more than one million rides to date. Milo Drive positions itself as the supply layer to make it economically viable for individual drivers and small operators to own and run electric vehicles. Coverage highlights a broader market opportunity as EV penetration in Indian cab fleets is under 5 percent and industry projections forecast rapid growth through 2030. The company is pursuing expansion of its technology-enabled EV supply in India's ride-hailing ecosystem.

  • Arthum

    Led · Seed · Jan 2026

    Founded in 2023 by Darpan Sharma and Vishal Mishra, Arthum offers enterprises, labour contractors, and workers a single digital infrastructure to manage attendance, payroll, contracts, statutory compliance, and payouts. Its ERP-style toolkit includes geo-tagged attendance, automated payroll, digital payments, and contract management features. Beyond workforce operations, the startup layers a neo-banking module that leverages verified worker data to distribute banking, insurance, credit, and investment products through partnerships with Yes Bank, ICICI Bank, IDFC, and more than 15 NBFCs. Arthum currently automates operations for over 300,000 labour contractors and has onboarded more than 600,000 workers, primarily in the Delhi-NCR region. The company plans to use its new capital to strengthen its technology stack, deepen its financial product suite, and expand into industrial hubs such as Dehradun, Chandigarh, Ludhiana, Jaipur, and Ahmedabad. This geographic expansion aims to capture large industrial clusters and scale its contractor and worker network further.

  • PeakAmp

    Led · Seed · Sep 2025

    PeakAmp is developing a full-stack solution for end-of-life (EOL) electric-vehicle batteries that spans safe collection, segregation, second-life repurposing, disassembly, and high-purity materials recovery. The company says its advanced materials-recovery technology delivers over 99% efficiency and purity for critical metals including lithium, nickel, and copper. PeakAmp is also building a reverse-logistics network to safely transport and trace EOL batteries and has executed pilots with leading industry players. The startup is forging partnerships across the battery lifecycle—from collection and logistics to disassembly and materials recovery—to establish a circular economy for batteries. Co-founded in 2024 by Vijay Gond and Aditya Sudhanshu, PeakAmp aims to set global standards for sustainable resource recovery and accelerate India’s clean energy transition.

  • EVeez

    Participated · Series A · Aug 2025

    EVeez offers weekly EV subscriptions (starting at ₹1,100) that bundle EV rental, insurance, battery swaps and rider training so gig workers can operate without large upfront costs. The company targets delivery, quick commerce and ride-hailing riders who cannot afford EV ownership. Today EVeez operates roughly 7,000 EVs across 15 cities and reports that 55% of its gig users are first-time workers while 45% migrated from petrol bikes. Riders report clear financial benefits from lower fuel and maintenance costs. EVeez plans to scale its fleet to 50,000 vehicles by FY2027 and expand service to 30 Indian cities to power 40,000+ new gig riders. The product mixes technology and human-centered operations to reduce operating costs for workers and emissions for cities. EVeez (a proprietary brand of TravelTech Experiences Pvt. Ltd.) offers electric vehicles on subscription for commute, delivery services, and in-campus mobility, targeting last-mile delivery players and gig economy workers. The company provides a full-stack solution for delivery partners and aggregators, with subscription plans designed around subscribers and technology to maximize vehicle uptime and useful life. EVeez operates in Delhi/NCR, Hyderabad, and Kolkata and reports a monthly revenue run-rate of over Rs 10 lakhs sustained over the past 18 months. The startup says its flexible subscription removes entry barriers for gig workers to join last-mile delivery or switch from petrol vehicles to EVs. Management plans to expand its eMobility subscription service to six new cities in the next six months and target 5x revenue growth. Founders state they will scale operations to unlock operational efficiencies and improve unit economics.

Team