CaratLane
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Type of site | Subsidiary |
|---|---|
| Headquarters | Chennai, Tamil Nadu, India |
| Owner | Titan Company |
| Divisions | Jewellery |
| URL | www |
| Launched | 2008 |
CaratLane is an Indian jewellery brand under Titan Company, headquartered in Chennai, India.[1]
History
[edit]The company was founded by Mithun Sacheti, and Srinivasa Gopalan, in 2008. As of July 2024, the company is a subsidiary of Titan Jewellery, and fully owned by Titan Company Limited .[2][3] As of August 2024, the retailer had 275+ stores across 100+ cities in India.[4] [5][6]
The company started off as an online retailer before opening physical stores, with its first store opening in Chennai.[7]
In 2011, Dataquest, Sapient Nitro and JuxtConsult conducted a study to identify the most popular e-commerce sites in India and CaratLane was in the top 20. It was also identified as the best in terms of usability and user interface design.[8][9]
Funding
[edit]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.[10] In its fourth round of fundraising (in 2015) CaratLane received ₹192 crore (US$22 million) from Tiger Global making the sum total invested by the Hedge Fund approximately ₹318.31 crore (US$37 million).[11][12][13][14]
In July 2016, Titan purchased a 62% stake in CaratLane for ₹357.24 crore (US$41 million).[2]
References
[edit]- ^ Kumar, Surya Praphulla (9 March 2018). "Inside CaratLane". The Hindu. Retrieved 11 August 2018.
- ^ a b "Titan to acquire 62 per cent stake in Carat Lane for Rs 357.24 crore". economictimes.indiatimes.com. Retrieved 20 July 2016.
- ^ "Tiger Global Invests $6 M In Diamond Jewellery Portal CaratLane". VCCircle. Retrieved 8 April 2015.
- ^ "Our Story". www.caratlane.com. Retrieved 12 July 2020.
- ^ "Carat Lane Gets PE Funding". The Hindu. 4 July 2011. Retrieved 28 April 2015.
- ^ "Making a mark with online solitaires - The Financial Express". The Financial Express. 27 May 2015. Archived from the original on 21 August 2015. Retrieved 20 July 2016.
- ^ "I wanted people to discover jewellery: CaratLane's Mithun Sacheti". Mint. 7 August 2015. Retrieved 30 September 2015.
- ^ "India's 20 hottest e-commerce startups". www.rediff.com. Retrieved 25 May 2015.
- ^ "Specialised Online Stores Hottest e-Commerce Start-Ups: Survey". Nerve.in. Retrieved 8 April 2015.
- ^ "Tiger Global Invests $6M In Diamond Jewellery Portal CaratLane". VCCircle. 22 June 2011. Retrieved 8 April 2015.
- ^ "Tiger Global Invests $6M in Diamond Jewellery Portal CaratLane". VCCircle. 22 June 2011. Retrieved 8 April 2015.
- ^ "CaratLane Raises $31 M in Funding From Tiger Global". Medianama.com. Retrieved 8 April 2015.
- ^ "CaratLane Raises $31 Million". Business Standard. 26 January 2015. Retrieved 8 April 2015.
- ^ "Caratlane targets Rs. 1,500 cr sales". The Hindu. 20 September 2014. ISSN 0971-751X. Retrieved 20 July 2016.
External links
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