CaratLane

Last updated

CaratLane
Caratlane Logo.png
Type of site
Subsidiary
Headquarters Chennai, Tamil Nadu, India
Owner Titan Company
Founder(s) Mithun Sacheti, Srinivasa Gopalan
CEOMithun sacheti
Key people(Co-Founders) Avnish Anand, Gurukeerthi G [1]
Industrye-Commerce
URL www.caratlane.com
Launched2008;15 years ago (2008)

CaratLane is an Indian physical and online jewelry retailer, headquartered in Chennai, India. [2]

Contents

History

The company was founded by Mithun Sacheti, and Srinivasa Gopalan, in 2008. As of July 2016, the company is a subsidiary of Titan Jewellery, and marketed as a partnership with Tanishq. [3] [4] As of December 2021, the retailer had 130 stores across 36 cities in India. [5] [6] [7]

The company started off as an online retailer before opening physical stores, with its first store opening in Chennai. [8]

Funding

CaratLane has raised four rounds of capital, Series A through Series D, with the most recent round being led by Tiger Global, a US-based Hedge fund. [9] In its fourth round of fundraising (in 2015) CaratLane received 192 crore (US$24 million) from Tiger Global making the sum total invested by the Hedge Fund approximately 318.31 crore (US$40 million). [10] [11] [12] [13]

In July 2016, Titan purchased a 62% stake in CaratLane for 357.24 crore (US$45 million). [3]

Additional notes

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References

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