Industry e-Commerce Alexa rank 13,882 (April 2015) | Website www.caratlane.com Launched 2008 | |
 | ||
Key people (Co-Founders) Avnish Anand, Gurukeerthi G CEO Mithun Sacheti (Oct 2008–) Founders Mithun Sacheti, Srinivasa Gopalan Profiles | ||
Review caratlane 18k yellow gold diamond hoop earrings
CaratLane is an Indian online portal that sells jewellery. It was founded by Mithun Sacheti and Srinivasa Gopalan in 2008.
Contents
- Review caratlane 18k yellow gold diamond hoop earrings
- The caratlane journey
- History and operations
- Funding
- 3D App
- Awards
- References
CaratLane's inventory includes diamond jewellery and gold coins.
The caratlane journey
History and operations
Mithun Sacheti, a jewellery retailer, collaborated with Srinivasa Gopalan who is an IT entrepreneur and the founder of Lister Technologies, to form CaratLane.
Instead of maintaining a conventional inventory, the company relies on several thousand vendors who supply gems on request. As of August 2015, the company operated ten physical stores in India.
Funding
Tiger Global, a US-based hedge fund, has been investing in CaratLane since 2011. In its fourth round of fundraising (in 2015) CaratLane received ₹192 crore (US$29 million) from Tiger Global making the sum total invested by the Hedge Fund approximately ₹318.31 crore (US$47 million).
In July 2016, Titan purchased a 62% stake in CaratLane for ₹357.24 crore (US$53 million).
3D App
On August 20, 2015 CaratLane launched an app that uses facial recognition 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.