About Caladium Investment
Caladium Investment is a venture capital firm founded in 1980. It is primarily based out of Kolkata, India. As of Sep 2023, Caladium Investment has invested in 4 companies. It primarily invests in Series E round in India based startups. Its investments are spread across a wide range of sectors from Retail to Consumer and FinTech. Most recently it led the $50M Series E round of Ather Energy along with Herald Investment Management. This round also saw participation from NIIF and other investors.
Overall, Caladium Investment portfolio has seen 2 IPOs, namely Ather Energy and ABFRL. A lot of funds co-invest with Caladium Investment, with names like Herald Investment Management sharing a substantial percentage of its portfolio.
Caladium Investment has team of 3 people including 3 partners.
Key Metrics
Team Members
Portfolio Count
Portfolio Locations
Rounds of Entry
Series D, Post IPO & 1 more
Portfolio IPOs
Portfolio Soonicorns
Caladium Investment's List of All Investments
Caladium Investment has a portfolio of 4 companies. Their most notable investmentis in Ather EnergyTheir portfolio spans across India and United Kingdom. They have invested in Retail, Consumer, FinTech and 7 other sectors, across stages such as Series D, Post IPO and 1 more. Here is the list of all investments by Caladium Investment:1. Ather Energy
Electric vehicle manufacturer offering scooters and other models. It is a manufacturer of electric scooters and associated charging infrastructure offering various models and features. The company also develops and operates a fast-charging network for its vehicles. It provides additional services such as warranty programs covering battery degradation and roadside assistance. Smart helmets, merchandise, seat covers and other accessories are also part of the product portfolio.
Key facts about Ather Energy
- Founded Year: 2013
- Location: Bengaluru (India)
- Annual Revenue: ₹1,790Cr as on Mar 31, 2024
- Stage: Public
- Total Funding till date: $502M
- Employee Count: 1,689 as on Apr 30, 2025
- Investors: Herald Investment Management, GIC and 33 Others
- Latest Funding Round: Series E, Aug 13, 2024, $71.4M
- Highlight: Public
Butternut Box is a platform offering a cooked-meal delivery service for dogs. It operates as a periodic subscription service with personalized boxes based on the information provided by the dog owners. It claims that the food is made from human-grade ingredients with recommendations from vets, trainers & behaviorists. Ingredients used include beef, turkey, and meat and claims no preservatives or artificial colors added to the product.
Key facts about Butternut Box
- Founded Year: 2016
- Location: London (United Kingdom)
- Annual Revenue: £34.9M as on Dec 31, 2021
- Valuation: $500M as on Sep 05, 2023
- Stage: Series E
- Total Funding till date: $477M
- Investors: General Atlantic, Kreos Capital and 43 Others
- Latest Funding Round: Conventional Debt, May 20, 2025, $84.2M
- Highlight: Editors' Pick
3. ABFRL
Retail chain of premium lifestyle apparels. The company's portfolio includes brands such as Louis Philippe, Van Heusen, Allen Solly, Peter England, and Pantaloons, catering to men, women, and children with a mix of private labels and licensed brands in apparel and accessories.
Key facts about ABFRL
4. Bandhan
Bandhan is the largest miocrofinance institution in India with 20%+ market share and presence across 22 states and union territories. It has a network of 2,000+ branches and has disbursed loans to more than 5.8 million customers. Its outstanding loans stand at Rs. 7,810 crores. It works with women who are socially disadvantaged and economically exploited, for their social and economic upliftment. It provides collateral free micro loans in the range of Rs. 1,000-Rs. 10,000 for health, education and general purposes. It also provides loans for fisheries and other micro enterprises. It started off as an NGO in 2001 and obtained an NBFC license later. In 2014, RBI granted a preliminary license to Bandhan for starting a bank in India. The recent funding from GIC and IFC will be used to establish 600 bank branches across 27 states in India, with 50% branches in rural areas. On August 23, 2015, Bandhan launched its bank "Bandhan Bank" with 501 branches, 2022 service centres and 50 ATMs across 24 states.
Key facts about Bandhan
- Founded Year: 2001
- Location: Kolkata (India)
- Annual Revenue: ₹21.1Cr as on Mar 31, 2018
- Valuation: $707M as on May 08, 2015
- Stage: Series D
- Total Funding till date: $212M
- Employee Count: 4 as on May 31, 2024
- Investors: GIC, IFC and 5 Others
- Latest Funding Round: Series D, May 08, 2015, $160M
- Highlight: Editors' Pick
Caladium Investment's Year-on-Year Investment Trends
Caladium Investment has invested in 4 companies over the last 10 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in ABFRL and most recent follow-on round was in Ather Energy.
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Caladium Investment's Investments by Stage
Caladium Investment has made 2 investments in Series D stage with an average round size of $108M, 1 investment in Post IPO stage and 1 investment in Series E stage with an average round size of $128M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
---|---|
Series D | 2 |
Post IPO | 1 |
Series E | 1 |
Caladium Investment's Investments by Sector
Caladium Investment has a diverse portfolio, with companies operating in the Auto Tech, Conglomerates, Consumer, Consumer Goods and Energy Tech. Notably, it has invested in 3 Consumer (B2C) companies, 2 Enterprise (B2B) companies, 2 Tech companies and at least 1 company focusing on Social impact.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
---|---|
Auto Tech | 1 |
Conglomerates | 1 |
Consumer | 1 |
Consumer Goods | 1 |
Energy Tech | 1 |
Others | 6 |
Caladium Investment's Investments by Geography
Caladium Investment has made most investments in India (3), followed by United Kingdom where it has made 1 investment.
Note: We have considered here, only first round of investments
Country | No. of Investments |
---|---|
India | 3 |
United Kingdom | 1 |
Caladium Investment's recent investments
Here are the most recent investments by Caladium Investment:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
---|---|---|---|---|---|
Sep 05, 2023 | India | Series E | $109M | Hero MotoCorp [+3] | |
Aug 30, 2022 | India | Post IPO | Undisclosed | - | |
May 18, 2022 | India | Series E | $50M | NIIF [+4] | |
May 2022 | India | Post IPO | Undisclosed | - | |
Jan 14, 2022 | India | Series E | $128M | Hero MotoCorp [+8] |
IPOs and Publicly Listed companies in Caladium Investment's Portfolio
Here are Caladium Investment's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
---|---|---|---|---|
May 06, 2025 | Jan 14, 2022 | Series E | $128M | |
Jul 17, 2013 | May 2022 | Post IPO | Undisclosed |
Team profile of Caladium Investment
Caladium Investment has a team of 3 members including 3 Partners located in India. Caladium Investment's team does not sit on the board of any company as of now.Here is a list of all team members in Caladium Investment:
Name | Designation | Location | Board Memberships | Contact details |
---|---|---|---|---|
Partner | Kolkata | - | - | |
Partner | Kolkata | - | - | |
Partner | Kolkata | - | - |
Co-investors of Caladium Investment
Over the past 10 years, 47 investors have co-invested in Caladium Investment's portfolio companies.
- Invested before Caladium Investment: Hero MotoCorp, Innoven Capital and 14 others have invested in rounds before Caladium Investment. There are 1 company where Hero MotoCorp has invested before Caladium Investment and 1 company where Innoven Capital has invested before Caladium Investment.
- Top Co-investors of Caladium Investment: 6 investors entered a company along with Caladium Investment. These include investors like Herald Investment Management (1 company).
- Invested after Caladium Investment: A total of 25 investors have invested in Caladium Investment's portfolio after their investments. Top Investors include GIC (1 company), Abhishek Venkatraman (1 company) and Stride Ventures (1 company).
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Recent News related to Caladium Investment
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Indian E-scooter Maker Ather Converts Shares Ahead Of IpoTech in Asia•Mar 10, 2025•Ather Energy, Hero MotoCorp, India Internet Fund, Caladium Investment and 1 other