Caravel Asset Management's direct investment portfolio includes:

Nykaa is a Mumbai-based multi-brand beauty retailer selling cosmetic and wellness products. The Caravel Group has been an investor since 2014. Nykaa began as an online retailer in 2012, offering beauty and wellness products from leading global and domestic brands such as Lakmé, Kaya Skin Clinic, L'Oréal Paris and many more. Nykaa markets over 1,300+ brands, and over 130,000 SKUs, to its core target audience with more than 1.3 million orders per month. With warehouses in Mumbai, New Delhi, and Bangalore, Nykaa opened its first physical retail store in 2015 and now has in excess of 55 offline stores under two brands, Nykaa Luxe – featuring luxury beauty brands – and Nykaa On Trend. It also offers 8 private label categories.

Nykaa's founder Falguni Nayar has been featured as one of The Most Powerful Women in Business 2017, and named as one of Asia's Power Businesswomen by Forbes in 2019. Since 2014 Nykaa has been a partner with Femina, India’s longest-established English-language women’s magazine, in presenting the Femina Beauty Awards for beauty products based on votes from Nykaa’s customers and Femina's readers.

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Launched in 2013 in the Hong Kong SAR, Young Master Brewery was one of the earliest craft breweries in Hong Kong providing consumers with truly distinctive high-quality beers, including a changing roster of specialty beers – some seasonal, others inspired by local flavors.

Today Young Master is the largest, most awarded and one of the most respected craft breweries in the region. Its wide range of world-class beers is available in leading bars, restaurants, hotels, specialty stores and supermarkets across Hong Kong, Singapore, Shenzhen and Thailand, as well as other markets within Asia. The Caravel Group is proud to have been a partner in this inspiring success story since 2015.

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The Caravel Group is an investor in Palantir Technologies. Palantir restricts the disclosure of company details. Information about Palantir may be obtained at the company’s website.

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