Friday, April 12

Tag: jewellery

Online Jewelry Platform JewelMaze Raises USD 4 MN From Brand Capital
FUNDING

Online Jewelry Platform JewelMaze Raises USD 4 MN From Brand Capital

Mumbai, India, 09th Aug 2019: JewelMaze, an online Fast Fashion Jewelry marketplace has raised $4 million from Brand Capital, the strategic investment arm of Bennett Coleman and Co. Ltd. The business has grown for the past 2 years and the fund infusion will propel rapid expansion and widen their product base. Says Ritesh Barbhaya, CEO - JewelMaze, "The funding is the result of the brand’s focus on delivering quality products and building an online community with a robust ecosystem committed to delight the customer. We are very pleased to have Brand Capital as an investor which in turn provides us access to the BCCL platform enabling us to reach a wider audience."  Adds, Sam Subramaniam, CEO, Brand Capital, "Brand Capital continues to encourage ambi...
Titan increases stake in CaratLane
BUSINESS

Titan increases stake in CaratLane

Tata group firm Titan has increased stake in its jewellery subsidiary CaratLane to 69.47 percent with an investment of Rs 99.99 crore. "In response to offer of shares made by Carat Lane Trading Private Limited, a subsidiary of the company, the company has subscribed to 30,48,780 additional equity shares of CaratLane thereby increasing its stake in CaratLane on March 30, 2019," Titan said in regulatory filing on Sunday. CaratLane is in the business of manufacturing and sale of precious and semi-precious jewellery through its e-commerce business and also through retail showrooms. "...the shareholding of the company in CaratLane has increased from 66.39 per cent to 69.47 percent," the company said. CaratLane registered a revenue of Rs 292.5 crore for the year ended March 2018. ...
This Festive Season Show Your Love And Respect With Diamonds
INDIA

This Festive Season Show Your Love And Respect With Diamonds

    You may have a huge profit in your business or you simply had won a lottery and to pay your gratitude towards almighty you may be in search of some fantastic idea. Feeding the poor is definitely your way of expression but gifting ornament is another wonderful option you have at your side. In most of the temples in North India, Navratras is an auspicious occasion when Pujas and other rituals are carried out on a large scale. In some of the temples the deity is adorned with new clothes, ornaments and accessories continuously for 9 days. People book in advance and offer these things to deity. To meet your choice, show your gratitude by offering all these things to Goddess Bhagwati. To buy diamond jewellery log into the website that is overran flowing with an endl...
How Bootstrapping Strategy Has Worked Like a Magic In My Startup Business
Story

How Bootstrapping Strategy Has Worked Like a Magic In My Startup Business

‘When you begin to dream about something that you really like and work hard to achieve it, nothing comes in the way till you are attached with a string of your dream. Let it be there always!’ After working as an employee in ibibo, I decided to join my own venture with the help of my wife, Arti Sharma. Arnit Retail Pvt. Ltd is the parent company of IndiaRush which we started as an e-commerce portal to cater home decor and electronic products. But with passing time, struggle and a lot of arduous effort, we decided to start with apparels, accessory, jewellery and footwear business. Since my college days, I was into mobile marketing and website development. I joined ibibo.com as a software engineer in the mobile department to develop smart games for their app users. It was then when got ...
Warburg Pincus Invests Rs 500 Cr in Kalyan Jewellers
FUNDING

Warburg Pincus Invests Rs 500 Cr in Kalyan Jewellers

Kerala-based Kalyan Jewellers today announced American private equity firm Warburg Pincus has invested an additional Rs 500 crore in the company. The proceeds will be used for expansion of its network in both domestic and overseas market, a company statement said. With the second round of investment, the American PE firms total investment in Kalyan Jewellers has increased to Rs 1,700 crore. It had invested Rs 1,200 crore in 2014. "The investment by Warburg Pincus is a vindication of the strong growth trajectory of the company," Kalyan Jewellers Chairman and Managing Director T S Kalyanaraman said in a statement. The company plans to nearly double its presence to 200 plus showrooms using a combination of equity, debt and internal accruals, he said. It is also working on a bluepri...
Tips For Jewellery Shopping Under Limited Budget
BLOGS

Tips For Jewellery Shopping Under Limited Budget

JEWELLERY. We all have at least one essential piece that we wear with pretty much any outfit. From layering to keeping it simple, the addition of something like rings or a necklace can make all the difference, no matter what you wear. If you think that jewellery is only good when it is expensive, you need to take a pause and take a look at the wide variety of options that you can buy. For instance, if you want to buy diamond earrings online or invest in diamond wedding necklace at a shop like Kaylah Diamonds & Jewelry, so if you are willing to shop for jewellery but budget is your major concern, here are a few tips that are going to be very helpful for you. Fixing on a budget If you are going to do budget specific shopping, the first and the most obvious step has to be of fixing a...
Jewellery Marketplace VivoCarat.com Raises $50,000 Seed Funding
FUNDING

Jewellery Marketplace VivoCarat.com Raises $50,000 Seed Funding

Online jewellery marketplace, has raised USD 50,000 in seed funding from a group of individual investors. The funds will be used for product development, team building and marketing, it said in a statement. Founded in early 2016 by Ritesh Oza and Abhijith Shetty, VivoCarat is an online portal of diversified jewellery brands that showcases striking and spectacular jewellery products. VivoCarat has successfully managed to join hands with more than 30 reputed brands across Mumbai & other cities like Jaipur, Surat, Kolkata and New Delhi." said Ritesh Oza, CEO, VivoCarat.com.  We add a minimum of 100-150 new designs on the site every month and will continue to bring more varieties for customers across the country.
Rs 357 crore for 62% – Titan Will Pay to Caratlane For Acquisition
ACQUISITION

Rs 357 crore for 62% – Titan Will Pay to Caratlane For Acquisition

As per the filing report,  Jewellery-to-eyewear lifestyle company Titan Company Ltd also an entity of Tata's Group would pay Rs 357.34 crore to acquire a 62 percent stake in Chennai-based Carat Lane Trading Private Limited, the parent entity of the jewellery etailer CaratLane.com. In May, Titan Company acquired a majority stake in CaratLane.com. The Company is acquiring 19,142,545 shares in the parent entity. Caratlane raised over $50 million in funding from Tiger Global Management. Carat Lane Trading Private Limited, which is involved in designing, manufacturing, trading and retailing of gems and jewellery, clocked revenues of Rs 141 crore for the financial year 2015-16. Its revenues in the preceding two consecutive fiscals were Rs 127 crore and Rs 101 crore, respectively. Titan ...
VelvetCase.com Secures Second Round of Funding From TV Mohandas Pai & Others
FUNDING

VelvetCase.com Secures Second Round of Funding From TV Mohandas Pai & Others

VelvetCase.com has announced its placement in the second round of funding from marquee investors like Unicorn Ventures Fund, which has now made six investments across diverse sectors, along with participation from well-known angel investors T.V. Mohandas Pai and S. Somasegar via the LetsVenture and Chennai Angels. VelvetCase will be infusing the freshly raised funds in technology, marketing and seller acquisition. The online destination for jewellery has grown over 300 percent year on year (YoY) with a unique cost-effective business model-no inventory, rich customer service, higher value product sales. "While access is great, we know that consumers also need to be assured about the quality of the jewellery that they are buying from an independent designer in Jaipur. We have built ou...
PC Jeweller Looking to Raise Up to Rs 427 Cr
FUNDING

PC Jeweller Looking to Raise Up to Rs 427 Cr

PC Jeweller Ltd will raise up to Rs 427 crore from DVI Fund Mauritius through debentures for expansion of its business. "The board of Directors of the company at its meeting held on April 6 has approved the issue of compulsorily convertible debentures for an aggregate amount of up to Rs 427 crore by way of a preferential allotment on private placement basis to DVI Fund Mauritius Ltd subject to necessary approvals in this regard," PC Jeweller said in a regulatory filing today. The company currently has three factories and 60 retail stores across the country. Garg said the company is adding 15-20 stores every fiscal and is exploring to set up new manufacturing facilities. "The US-based DVI Mauritius is our existing investor and has around 4 per cent stake in the company." Garg sa...
From Bootstrapping to Generating 100cr in Revenue, The Story of Mirraw
Story

From Bootstrapping to Generating 100cr in Revenue, The Story of Mirraw

Shailesh Jain was in the US for his first job when he wanted to buy a saree, but it was not available there. He bumped into his friend Anup Nair and started to discuss the concern with him. And at the end of the conversation, they found a problem to solve! “I and Anup always had the entrepreneurial bug, and after realizing the potential in the market, we decided to come to back to the country and start-up,” says the Computer Technology engineer from VJIT. Our culture is deeply rooted with our parents. And Mirraw is looking to bring all that to you. With over 3 lac listed products, 3 million and counting customers worldwide, their mission is to bring world's best ethnic designs to your doorstep. Based out of Fort, Mumbai, Mirraw brings handpicked designs in ethnic jewellery, apparels, and...