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CaratLane Secures $6 Million From Tiger Global

New York based Hedge Fund- Tiger Global has invested $ 6 million in CaratLane Trading Pvt Ltd, which runs an online diamond jewellery portal CaratLane.com, reports VCCircle. Another portal that operates in this space is JohareezWholesale. This is Tiger Global's fourth investement in this year, all of which are ecommerce portals: Myntra, Flipkart, LetsBuy and BabyOye. Earlier this year, another ecommerce venture - Indiaplaza had raised $ 5 million from IndoUS Venture Partners. As per the report, CaratLane is targeting annual revenue of $30 million by March 2012 and claims a growth rate 0f 300% YoY in terms of revenue. CaratLane claims to offer over 1,00,000 diamond jewellery  broadly categorized as: - Bridal- The section includes wedding bands, matching wedding sets, engagement rings and groom rings. Customers can filter their search results based on price and colour of the jewellery. - Jewellery- This section…

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