Latest news with #PankajBansal
Entrepreneur
2 days ago
- Business
- Entrepreneur
Caret Capital Raises Over INR 160 Cr in 6 Months, Eyes INR 400 Cr for Sustainability-Focused Fund
Caret Capital is set to announce four investments: an electric 2-wheeler platform for gig workers, a battery lifecycle firm, a rural livestock feed distributor, and an AI-powered SaaS platform for tracking carbon emissions in supply chains. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Caret Capital, a venture capital fund dedicated to sustainability, has successfully raised over INR 160 crore within just six months of its launch. The early-stage thematic fund is backed by prominent investors including Bajaj Auto, Transport Corporation of India (TCI), and a leading US-based private foundation. The firm is targeting a total corpus of INR 400 crore. The fund focuses on startups driving India's growth across smart mobility, distribution and supply chain, and jobs—three key sectors projected to contribute over USD 1.2 trillion to the Indian economy by 2030. "Our mission is to back entrepreneurs who are building the next generation of sustainable solutions that will shape India's future," said Prajakt Raut, Co-founder and Partner at Caret Capital. "The strong interest from investors is a testament to the potential of our thematic approach." Caret Capital aims to create a lasting impact by enabling the creation of 10 million jobs and reducing 10 million metric tons of carbon emissions through its investments. The fund is preparing to announce four key investments, including: A subscription-based electric 2-wheeler platform for gig workers, for gig workers, A battery lifecycle management company , , A livestock feed distribution startup for rural markets, and for rural markets, and An AI-powered SaaS platform that tracks carbon emissions in supply chains. To support early-stage startups, Caret Capital runs Caret360, a 100-day accelerator program that provides capital, mentorship, and deep market access. Additionally, its annual event, Caret GPS (Growth Productivity Summit), gathers industry leaders to explore innovations and productivity solutions. The next edition is scheduled for later this year. With a portfolio that includes 27 innovative startups like Celcius, Unstop, Traqcheck, EVeez, Awign, and Enmovil, Caret Capital continues to strengthen its track record in backing transformative ventures. Led by Pankaj Bansal, Karan Mittal, and Prajakt Raut, the fund remains committed to investing in startups aligned with India's structural development and sustainable future.
Time of India
14-05-2025
- Business
- Time of India
Trump Towers in Gurgaon sold out on day 1, nets Rs 3,250 crore in allotments
Credit: ANI NEW DELHI: The second Trump Towers development in Gurgaon, currently under construction, has been entirely sold out, the developers — Smartworld Developers and Tribeca Developers — announced on Tuesday, news agency ANI reported. According to the companies, Trump Residences Gurgaon saw a record-breaking response on launch day, with total allotments amounting to Rs 3,250 crore. Even the project's most exclusive penthouses, priced at Rs 125 crore, were fully booked. The 298 ultra-luxury homes in the development, priced between Rs 8 crore and Rs 15 crore, were absorbed in a short span, signaling rising demand for high-end, branded residences in India. A joint collaboration between Smartworld, Tribeca, and The Trump Organization, the project includes two soaring 51-storey towers. While Smartworld is in charge of development, construction, and customer experience, Tribeca — the Trump brand's exclusive representative in India — is overseeing design, marketing, sales, and quality assurance. This marks the second residential Trump-branded project in North India. The developers added that the first Trump Towers Delhi NCR, which launched in Gurgaon in 2018, is also completely sold and is scheduled for delivery later this month. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cinnamon: The Greatest Enemy of Blood Sugar Magazine Glyco Learn More Undo Speaking on the overwhelming demand, Pankaj Bansal, Founder of Smartworld Developers, said, 'The phenomenal response to Trump Residences is a testament to the aspiration for world-class living in India. Smartworld is proud to lead the delivery of this landmark project, and we thank our buyers for their trust in our vision.' Kalpesh Mehta, Founder of Tribeca Developers, added, 'Trump Residences Gurgaon is not just a real estate project – it's a landmark moment for India's luxury market. Selling Rs 3,250 crore on Day 1 places this among the biggest luxury deals the country has ever seen.' Currently, there are five Trump-branded luxury residential towers in India — located in Mumbai, Pune, two in Gurgaon, and one in Kolkata. Tribeca, led by Kalpesh Mehta, has partnered with The Trump Organization in India for over 13 years. Mehta, who shares close ties with the Trump family, studied at the prestigious Wharton School along with Donald Trump Jr. Either Donald Trump Jr. or Eric Trump is expected to visit India in the coming months to assess progress on the Gurgaon project, Mehta said recently at the project launch. Trump Jr., the son of former US President Donald Trump, last visited India in 2018 and again in 2022. Confirming the upcoming visit, Pankaj Bansal said, 'We are working on the schedule, and hopefully within two months, Donald Trump Jr. or Eric Trump will be coming to India to see the Trump Tower in Gurgaon.'
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Business Standard
13-05-2025
- Business
- Business Standard
Rs 15 cr penthouses: All 298 Trump Tower Gurugram apartments sold on day 1
If you thought India's high-end real estate market was cooling, think again. All 298 ultra-luxury units at Trump Residences Gurugram, priced between Rs 8 crore and Rs 15 crore, were sold out on launch day, clocking Rs 3,250 crore in bookings, including Rs 125 crore worth of penthouses. Located in Sector 69, Gurugram, the development spans two 51-storey towers and has been launched by Smartworld Developers and Tribeca, in collaboration with The Trump Organization. Whether you're in the market for a luxury home or just following real estate as a long-term investor, this launch is a clear signal of rising demand for branded, ultra-premium homes in India's top metros—particularly Delhi-NCR, Mumbai, and Pune. Pankaj Bansal, the founder of Smartworld Developers, said the phenomenal response was a testament to the aspiration for world-class living in India. 'Smartworld is proud to lead the delivery of this landmark project, and we thank our buyers for their trust in our vision,' he added. Trump Residences Gurgaon comprises two 51-storey towers and offers what developers described as the most 'prestigious addresses in the country.' While Smartworld will oversee development, construction, and customer service of the project, Tribeca will lead design, marketing, sales, and quality control, the two companies said in a statement. What's special about Trump Residences Gurugram? Location: Sector 69, a fast-developing zone with proximity to Golf Course Extension Road Price Range: ₹8–15 crore per unit. The Gurugram Trump Towers project is being launched at Rs 27,000 per square feet. Design & Construction: Led by Smartworld and Tribeca Features: Bespoke interiors, private elevators, luxury clubhouses, curated concierge services Brand Appeal: The 'Trump' name lends a premium that global buyers associate with exclusivity It will have a total saleable area of 12 lakh square feet. It will feature all-glass façade, double-height living rooms in select units, floor-to-ceiling windows, private elevators, and a shared rooftop offering views of the Aravallis. This second Trump Tower in Gurugram will feature India's first aquarium bar, a massive aquarium integrated into a bar and restaurant. This is the second Trump-branded residential development in North India. In 2018, Trump Towers Delhi NCR, launched in Gurugram, is fully sold out and is set for delivery later this month, the statement read. The Gurugram launch also comes just months after Donald Trump's return to the U.S. presidency, adding a layer of global visibility to the brand's Indian presence. 'The success of the Trump Residences shows that India's wealthiest buyers are not just investing in square footage—they're buying into global branding, exclusivity, and a lifestyle experience,' says a Delhi-based luxury real estate consultant. What's driving this boom? Rise of HNIs and UHNIs India is now home to over 13 lakh millionaires, and a growing number are looking for internationally benchmarked homes in familiar metros. Branded residences are the new status symbol From DLF to Trump, branded names in real estate offer premium finishes, hotel-style amenities, and elite communities. Wealth diversification In uncertain markets, high-net-worth investors are putting money into tangible, inflation-hedged assets like ultra-luxury property. 'Branded residences appeal not just emotionally but financially,' says Kalpesh Mehta, founder of Tribeca. 'They tend to hold value better and often appreciate faster in up-market localities due to their limited supply and high demand.' Trump Towers in India This marks the second Trump-branded residential project in Gurugram and the sixth in India. Of the six announced so far, four — in Pune, Mumbai, Kolkata and Gurugram — have already been completed. India now stands as the largest market for the Trump brand outside the US. Earlier this year, Smartworld and Tribeca committed ₹2,200 crore in investment for the Gurugram project. The sell-out of Trump Residences Gurugram isn't just about glamour—it's a wake-up call for anyone watching India's luxury housing market. It tells us:
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Business Standard
13-05-2025
- Business
- Business Standard
All 298 Trump residences in Gurugram sold on launch day for ₹3,250 crore
In a major boost for the luxury housing market, all 298 units of the newly launched Trump Residences in Gurugram were sold out on the very first day, generating net sales of ₹3,250 crore. In a joint statement, Smartworld Developers and Tribeca Developers announced on Tuesday that the rapid sell-out of the project highlights the growing demand for ultra-premium branded residences in the Delhi-NCR region. Priced between ₹8 crore and ₹15 crore, the residences are located in Sector 69, Gurugram, and span two towers rising 51 storeys each. The project is being developed in collaboration with The Trump Organization, known for lending its name to select luxury real estate developments across the globe. Smartworld is responsible for construction, development, and customer experience, while Tribeca is overseeing design, marketing, sales, and quality control. Commenting on the milestone, Pankaj Bansal, founder of Smartworld Developers, said, 'The phenomenal response to Trump Residences is a testament to the aspiration for world-class living in India.' Founder of Tribeca Developers, Kalpesh Mehta said, 'This launch proves the unmatched magnetic pull of the Trump brand and how deeply it resonates with India's most discerning buyers.' Trump towers in India This marks the second Trump-branded residential project in Gurugram and the sixth in India. Of the six announced so far, four — in Pune, Mumbai, Kolkata and Gurugram — have already been completed. India now stands as the largest market for the Trump brand outside the US. Earlier this year, Smartworld and Tribeca committed ₹2,200 crore in investment for the Gurugram project. Separately, in March 2025, Tribeca partnered with Kundan Spaces to launch the ₹2,500-crore Trump World Center in Pune — the brand's debut in Indian commercial real estate. The Gurugram launch comes shortly after Donald Trump returned to the US presidency in January 2025.
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Business Standard
13-05-2025
- Business
- Business Standard
Smartworld, Tribeca sell 298 homes for ₹3,250 cr in 'Trump-branded' project
In a statement on Tuesday, Smartworlds and Tribeca announced "complete sell-out of Trump Residences Gurgaon on launch day", clocking sales of Rs 3,250 crore Press Trust of India New Delhi Realty firms Smartworld Developers and Tribeca Developers have sold all 298 units in the 'Trump' branded ultra-luxury residential project in Gurugram for Rs 3,250 crore, reflecting a strong demand for premium homes in the Delhi-NCR market. In a statement on Tuesday, Smartworlds and Tribeca announced "complete sell-out of Trump Residences Gurgaon on launch day", clocking sales of ₹3,250 crore. "Priced between ₹8 crore and ₹15 crore per unit, the development's 298 homes were absorbed in record time - a testament to the surging demand for branded, ultra-luxury living in India," the statement said. This landmark collaboration between Smartworld, Tribeca, and The Trump Organization comprises two 51-storey towers. Smartworld will oversee development, construction, and customer service, while Tribeca leads design, marketing, sales, and quality control. Pankaj Bansal, Founder of Smartworld Developers, said: "The phenomenal response to Trump Residences is a testament to the aspiration for world-class living in India." Kalpesh Mehta, Founder of Tribeca Developers, said: "This launch proves the unmatched magnetic pull of the Trump brand and how deeply it resonates with India's most discerning buyers." Last month, Smartworld Developers and Tribeca Developers announced that they will develop an ultra-luxury residential project in Gurugram under the 'Trump' brand with a total investment of around ₹2,200 crore. M3M Group firm Smartworld Developers and Tribeca launched the 'Trump Residences' project at Sector 69, Gurugram. India has become the Trump brand's largest market outside the US. In January this year, Donald Trump was sworn in as the President of America. This is the second Trump-branded project announced in India after he became the US President. Mumbai-based Tribeca Developers, the official representatives of the Trump brand in India, said these deals were signed 6-8 months back. This is the second Trump-branded residential project in Gurugram and the sixth project in India. Out of six Trump-branded projects announced in India so far, four have already been completed in Pune, Mumbai, Kolkata and Gurugram. In late March 2025, Tribeca Developers partnered with Kundan Spaces to develop a ₹2,500 crore worth commercial project 'Trump World Center' in Pune, marking the entry of US-based Trump Organisation in Indian commercial real estate. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
