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CARATLANE FOUNDERS
Jewellery brands rapidly expand footprint in leading mallsJewellery stores are now major anchors in Indian malls, occupying nearly 10% of space. This trend is set to continue, reinforcing jewellery...- Jewellers say people were already recycling, exchanging old gold instead of new purchases amid PM Modi's appealIndians are smartly buying gold. High prices mean more people are exchanging old jewellery for new. This reduces the need for fresh gold im...
- Arihant Foundations secures Rs 109 cr investment from Madhusudan Kela’s family fund and CaratLane foundersArihant Foundations & Housing Limited secures Rs 109 crore investment from investors including Lotus Family Trust and CaratLane founders. T...
- CaratLane founder Mithun Sacheti joins Singularity Growth as co-sponsor, general partnerSacheti was already an investor or limited partner (LP) in Singularity’s first fund, besides being part of its investment committee (IC). S...
- CCI approves Titan’s Rs 4,621 crore stake purchase in CaratLaneIn August, Titan had announced that it was buying the stake from CaratLane founder Mithun Sacheti and his family for Rs 4,621 crore in cash.
- Family offices of Nikhil Kamath, Zomato’s Goyal, IIFL to invest in BluestoneCarDekho’s Amit Jain, Manipal's Rajan Pai, Info Edge Ventures investing in $65 million funding, to value the firm at $440 million.
- Tata-owned omnichannel jewellery retailer CaratLane appoints Avnish Anand as chief executiveAnand was previously chief operating officer of the Tata Group-owned CaratLane and has been at the firm for more than 8 years.
- CaratLane contests ED notice on alleged FEMA violationThe ED accused CaratLane of violating the Foreign Exchange Management Act (FEMA). The notice served on March 28, 2022, stated that FDI was ...
- CaratLane to challenge FEMA violation notice; govt may use DigiLocker for parental consentCaratLane Trading is under the lens of the Enforcement Directorate (ED) for alleged violation of Foreign Direct Investment (FDI) regulation...
- Mithun Sacheti's Rakesh Jhunjhunwala connection and his journey from Jaipur Gems to CaratLaneWhile shedding light on his initial foray into the e-commerce business, Sacheti said that he didn’t realise the kind of money it would take...
- Titan to buy CaratLane employees’ ESOPs for around Rs 350 croreThe company has around 1,700 employees, and its ESOP pool holds around 1.5% stake. Following the purchase of Sacheti’s 27.18% stake in Cara...
- Titan CFO explains the rationale behind raising CaratLane stake"While we will be able to conclude this transaction and all the regulatory approvals are expected to be in place in the next two months, we...
- Titan picks up 27% more in CaratLane for Rs 4,621 croreThe latest transaction will ascribe a valuation of Rs 17,000 crore to CaratLane. The deal ranks as the second largest exit for an ecommerce...
- Titan plan to buy out CaratLane hits valuation hurdleCaratLane had been in a strategic vendor relationship with Tanishq, Titan’s jewellery brand, since 2010. Between 2016 and 2019, Titan bough...
- CaratLane appoints Avnish Anand as Chief Operating OfficerAs COO, he will lead CaratLane’s new opportunities by growing the core business, omni-channel strategy and build key partnerships to drive ...
- MobiKwik says its customers can now convert their digital gold to gold jewellery from CaratLaneIn a first, this new offering in the ‘Gold’ category will enable users to purchase gold jewellery of their choice, against their digital go...
- CaratLane in talks with US-based online stores for acquisitionCaratLane has raised over Rs 300 crore ($50 million) since 2011, mostly from Tiger Global Management, which is invested in Indian start-ups...
- Titan in talks to buy 15% stake in CaratLane for Rs 187 croreThe deal, likely to be signed in a few weeks, will peg Carat-Lane’s valuation at about Rs 1,200 crore.
- CaratLane.com launches ‘Solitaire Experience Lounge’ in DelhiIndia’s largest online retailer of solitaires, jewellery and gold coins, CaratLane.com launched its first ‘Solitaire Experience Lounge’, in...
- Tiger Global invests $6 million in CaratLaneTiger Global has invested $6 million in online jewellery portal, CaratLane, in its second e-commerce investment this month.
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