Business, Investments

Caratlane Secures USD 31M Series D Funding From Tiger Global


Chennai-based online jewellery portal, Caratlane has raised USD 31 million in series D round from existing investor Tiger Global, as per a VCCircle report.

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.

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