CaratLane is an Indian physical and online jewelry retailer, headquartered in

Chennai Chennai (, ), formerly known as Madras ( the official name until 1996), is the capital city of Tamil Nadu, the southernmost Indian state. The largest city of the state in area and population, Chennai is located on the Coromandel Coast of th ...

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

History

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 Tanishq is an Indian jewellery brand and a division of Titan Company. Founded in 1994, Tanishq is headquartered in Bangalore, Karnataka, India. History By the end of the 1980s, the Titan company launched Tanishq. In the early 1990s, India' ...

. As of December 2021, the retailer had 130 stores across 36 cities in India. The company started off as an online retailer before opening physical stores, with its first store opening in

Funding

CaratLane has raised four rounds of capital, Series A through

Series D A venture round is a type of funding round used for venture capital financing, by which startup companies obtain investment, generally from venture capitalists and other institutional investors. The availability of venture funding is among the ...

, with the most recent round being led by Tiger Global, a US-based Hedge fund. In its fourth round of

fundraising Fundraising or fund-raising is the process of seeking and gathering voluntary financial contributions by engaging individuals, businesses, charitable foundations, or governmental agencies. Although fundraising typically refers to efforts to gathe ...

(in 2015) CaratLane received from Tiger Global making the sum total invested by the Hedge Fund approximately . In July 2016,

Titan Titan most often refers to: * Titan (moon), the largest moon of Saturn * Titans, a race of deities in Greek mythology Titan or Titans may also refer to: Arts and entertainment Fictional entities Fictional locations * Titan in fiction, fictiona ...

purchased a 62% stake in CaratLane for .

Additional notes

* On 20 August 2015, CaratLane launched an

app App, Apps or APP may refer to: Computing * Application software * Mobile app, software designed to run on smartphones and other mobile devices * Web application or web app, software designed to run inside a web browser * Adjusted Peak Performan ...

that uses

facial recognition Facial recognition or face recognition may refer to: * Face detection, often a step done before facial recognition * Face perception, the process by which the human brain understands and interprets the face * Pareidolia, which involves, in part, se ...

and 3D imaging technology to allow customers virtually try on the earrings available on their site. This app can be downloaded on to any smart device. * In 2011, Dataquest,

Sapient Nitro Publicis Sapient is an American digital consulting company, founded as Sapient in Cambridge, Massachusetts in 1990 by Jerry Greenberg and J. Stuart Moore. On February 6, 2015, Sapient became a fully owned division of French advertising giant Pub ...

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.

References

External links

* Internet properties established in 2008 Online retailers of India Companies based in Chennai 2008 establishments in Tamil Nadu Jewellery companies of India {{India-company-stub