VC fund Caret Capital invests Rs 12 crore in Yantra Packs

Mumbai: Yantra Packs, an asset-pooling and reusable packaging platform for industrial supply chains, has raised Rs 12 crore in seed capital from Caret Capital, according to a company statement.

The funding will support the company’s expansion across India, strengthen its technology capabilities and scale its pool of reusable packaging assets as it looks to serve a growing base of enterprise customers.

Backed by Impact Infracap, Yantra Packs enables companies to replace expendable packaging with reusable alternatives through asset rental, pooling and end-to-end asset management. Its technology platform, Trakkia, provides asset tracking and supply chain visibility, helping customers improve asset utilisation and operational efficiency.


“Through reusable packaging, we enable our customers to reduce costs, improve reliability and cut GHG emissions without changing how their supply chains operate,” said Karan Saharan, co-founder and CEO of Yantra Packs.

Founded in 2020 by Vipin Battu and Karan Saharan, Yantra Packs provides reusable packaging assets, including pallets, crates, containers and other returnable transport items, through static-hire and transit-hire models. The model allows businesses to access packaging as a service without having to own and manage large pools of assets, it said.

“Thousands of assets move simultaneously across plants, suppliers and logistics intermediaries, with each generating data that needs to be sequenced, reconciled and acted on in real time. We built Trakkia to solve this,” said Vipin Battu, co-founder and COO of Yantra Packs.

The company has more than 30 enterprise customers and about 250,000 containers in active circulation across eight warehouses.

“Category-building startups like Yantra Packs will play a meaningful role in improving the profitability and competitiveness of India’s manufacturing sector. We see strong tailwinds behind the business as part of the broader India growth story, and it aligns closely with Caret’s mission to reduce 10 million metric tonnes of carbon emissions,” said Prajakt Raut, partner at Caret Capital.

“Our association with Yantra has been built around a simple model: backing committed founders with the right capital while working alongside management to bring greater discipline to strategy, governance and decision-making. With this fundraise, we are excited to see the company enter its next phase of growth,” said Sharat Goyal, CEO of Impact Infracap.

Caret Capital is a Gurugram-based venture capital fund that invests in businesses addressing large-scale structural opportunities across supply chains, mobility and employment.