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notability guidelines for companies and organizations. (June 2021) |
Type of site | Subsidiary |
---|---|
Headquarters | Chennai, Tamil Nadu, India |
Owner | Titan Company |
Founder(s) | Mithun Sacheti, Srinivasa Gopalan |
CEO | Mithun sacheti |
Key people | (Co-Founders) Avnish Anand, Gurukeerthi G [1] |
Industry | e-Commerce |
URL |
www |
Launched | 2008 |
CaratLane is an Indian physical and online jewelry retailer, headquartered in Chennai, India. [2]
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]
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]