<ul><li>Sustainability-focussed Caret Capital has marked the first close of its second venture capital fund at INR 160 Cr with a target corpus of INR 400 Cr.</li><li>The VC firm has raised capital from Bajaj Auto, Transport Corporation of India (TCI), and a US-based non-profit private foundation.</li><li>Caret Capital aims to invest in 25 startups with an average ticket size of INR 12-15 Cr and has lined up four investments from the second fund, including electric two-wheeler platform, battery lifecycle management company, livestock feed distribution startup, and AI-powered SaaS platform.</li><li>The fund, managed by Bansal, Raut, and Mittal, is targeting its final close by the end of this year, showing a positive response from investors.</li></ul>

Sustainability-Focussed Caret Capital Marks First Close Of INR 400 Cr Fund

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