Saturday, April 20

Tag: online jewellery

Leading Jewellery Chain Kalyan Jewellers Acquired Online Jewellery Firm
ACQUISITION

Leading Jewellery Chain Kalyan Jewellers Acquired Online Jewellery Firm

Leading jewellery chain Kalyan Jewellers today acquired the online jewellery firm Candere to augment its presence in the growing online jewellery segment for an undisclosed sum. Kalyan will acquire the equity held by Singularity Strategic, the family office of Brijesh Chandwani and Subram Kapoor and as part of the deal the Thrissur-based company will complete a phased acquisition of the equity held by founder promoter Rupesh Jain, apart from investing more into the firm. The additional investment is primarily to expand Canderes geographical presence into the growing West Asian market including the UAE, Kuwait and Qatar. This is Kalyan first strategic move of its kind as it continues to pursue aggressive growth plans, both organically and inorganically. Rajesh Kalyanaraman, exec...
The Online Jewellery trade in India. Challenges and Solutions
Story

The Online Jewellery trade in India. Challenges and Solutions

More than anywhere else in the world, India has had the largest culture of jewelry for hundreds of years. Jewelry, gold and precious stones are deeply rooted in the Indian tradition and go as far back as far as the start of the Indian civilization itself. Until today, jewelry in India is not simply an accessory or a show of status. Each piece, and every stone represents something deeply mystical, be it sacred planets or protection against evil spirits. For women across India, jewelry also often represents a form of financial security. Especially in Tier III cities where many women do not own a credit card or even a bank account, jewelry can be a symbol of independence. While an emerging market of online jewelry sales is surging, displaying rapid growth in the last 5 years, traditional...