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 brands such as Lakmé, Kaya Skin Clinic, L'Oréal Paris and many more. Nykaa markets over 35,000 products to its core target audience, the 22-35 age group. With warehouses in Mumbai, New Delhi, and Bangalore, Nykaa opened its first physical retail store in 2015 and now has in excess of 45 offline stores under two brands, Nykaa Luxe – featuring luxury beauty brands – and Nykaa On Trend. It also offers private label products.

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, Young Master Brewery was one of the earliest craft breweries shaking up the stagnant Hong Kong beer scene and providing drinkers with exciting new choices beyond standard mass market offerings.

Young Master has set out to make truly distinctive high-quality beers. In addition to classic styles, it brews a changing roster of specialty beers – some seasonal, others inspired by local flavors.

Today Young Master is the largest and one of the most respected craft breweries in Hong Kong. Its wide range of world-class beers is available in leading bars, restaurants, hotels, specialty stores and supermarkets across the territory and also in Singapore and Shenzhen. 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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