The company was founded in 2008 by Srinivasa Gopalan and Mithun Sacheti, Caratlane deals in gold, silver and diamond jewellery. Previously, the firm received USD 15 million in series C and USD 6 million in series A. Including this round, Caratlane had secured a total capital of USD 52 million. In 2014, the company earned a total income of INR 98 crore.
The other player in the same space include Bengaluru-based Bluestone, which raised funding from Accel Partners, Kalaari and Saama Capital as well as a separate recent funding from Tata Sons’ chairman Ratan Tata.
Image Source: caratlane.com