STARTUP-STORIES
Caret Capital Launches Caret360 Accelerator: Empowering Early-Stage Startups
SUMMARY
Caret Capital, a sustainability-focused VC firm, launched Caret360 Accelerator, a 100-day program offering up to Rs 3 crore investment and mentorship to early-stage startups in smart mobility, supply chain, and employment sectors.
The program boasts a rigorous selection process (accepting only 1% of applicants) and a network of industry CXOs for valuable connections. Past participants like Celcius Logistics secured follow-on funding highlighting the program's success.
Caret Capital, a venture capital firm focused on sustainability, has announced the launch of Caret360 Accelerator. This program aims to empower early-stage startups with the resources and guidance they need to thrive.
- 100-Day Intensive Program: Caret360 Accelerator offers a rigorous 100-day program designed to deliver focused outcomes for participating startups.
- Investment and Mentorship: Selected startups will receive funding of up to Rs. 3 crore alongside access to mentorship from industry leaders. This blend of financial and strategic support equips startups with the tools they need to scale effectively.
- CXO Network Access: Startups gain valuable connections through assisted access to Caret's CXO community. This network comprises leaders from some of India's most prominent corporations, providing valuable industry insights and potential collaboration opportunities.
- Focus Areas: Caret360 Accelerator aligns with Caret Capital's core investment themes. The program prioritizes startups in smart mobility, distribution/supply chain, and employment/employability sectors.
- Rigorous Selection Process: Only 1% of applicants are accepted into the program, ensuring a highly curated group of high-potential startups. The selection process involves a multi-stakeholder approach, including VCs, corporates, and domain experts.
- Track Record of Success: Caret Capital boasts a portfolio of successful startups like Celcius Logistics and Just Deliveries. These companies have secured follow-on funding from Caret Capital and other prominent VCs, highlighting the program's effectiveness.
The launch of Caret360 Accelerator signifies a positive development for India's startup ecosystem. By providing crucial funding, mentorship, and industry connections, the program empowers early-stage ventures to navigate challenges and achieve sustainable growth. Caret Capital's focus on fostering collaboration between startups and established corporations further strengthens the program's potential impact. With its intensive approach and emphasis on focused outcomes, Caret360 Accelerator is poised to become a valuable launchpad for the next generation of innovative businesses in India.