Caret Capital Fund II

About Caret Capital Fund II

Caret Capital Fund II is a venture capital firm based in India, focusing on Pre-Seed stage investments. The fund actively supports founders building innovative solutions in AI/ML, Climate & Sustainability, Mobility Transport, providing strategic guidance and capital to help startups scale.

Investment Focus

Location / RegionIndia

Funding StagePre Seed

Industry Focus

Ai Ml

Climate Sustainability

Mobility Transport

Investor Signals Profile

active

Sweet Spot

Early-stage Indian founder in mobility, supply chain, employment, or AI

sustainability

India supply chain

smart mobility / EV

employment & workforce

seed to Series A

India-to-Global enterprise SaaS

agentic AI / future of work

Bullish Signals

₹12 Cr PeakAmp deal led by Caretexternal

₹10 Cr Arthum deal led by Caretexternal

Accelerator cohort launched Aug 2024external

$1.2T sector TAM by 2030external

3 experienced operator-founders as GPsexternal

TraqCheck hits $8Mn Series Alinkedin

Portfolio co scaling Europe: 300+ enterpriseslinkedin

India-to-Global thesis proven via TraqChecklinkedin

Contrarian Signals

Very narrow 3-sector mandateexternal

Small ticket size (max ₹15 Cr)external

India-only, impact-first lensexternal

Founder Do's

Build in supply chain, mobility, or employment

Show category-building potential

Target India's underserved markets

Have measurable impact metrics ready

Seek up to ₹15 Cr seed/Series A

Show India-to-Global expansion playbook

Leverage AI for enterprise workflows

Founder Don'ts

Don't pitch outside 3 core sectors

Don't ignore impact KPIs

Don't expect late-stage cheques

Key GPs & Partners

Karan Mittal

Managing Partner

EV-focusedPE/VC veteranmobility expert

Pankaj Bansal

Co-founder & Managing Partner

serial entrepreneurexited founderemployment focus

Prajakt Raut

Co-founder & Managing Partner

entrepreneurevangelistsupply chain focus

Manoj Kohli

Chair, Investment Committee

seasoned operatorcommittee chair

Ketika Singhal

Head, Caret Accelerator

accelerator leadsupply chain focus

Aman Khan

Team Member

portfolio operations

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Fund Overview

Fund Size$160M

Saves0

Website

Key People

Ankaj Bansal, Rajakt Raut, Karan Mittal

Karan MittalManaging Partner

Pankaj BansalCo-founder & Managing Partner

Prajakt RautCo-founder & Managing Partner

Manoj KohliChair, Investment Committee

Ketika SinghalHead, Caret Accelerator

Aman KhanTeam Member