wordpress blog stats
Connect with us

Hi, what are you looking for?

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 is divided into Rings-  men’s rings, casual rings, solitaire rings and celebration rings, Bangles, Pendants and Earrings.
Gifts– This is a separate section which includes rings, pendants and other jewellery across sub-categories like Religious, Birthstone, Budget and others.

The company also allows customers to design their own jewellery like pendant, rings and earrings. It also sells loose diamonds in various shapes and sizes in a price range of Rs 16,463 to Rs 8,34,88,590. The company also provides diamond buying guide and jewellery buying guide. Apart from diamonds, CaratLane also offers Gold Coins. The jewellery sold by the company is manufactured by Jaipur Gems.

Advertisement. Scroll to continue reading.

Related:
Flipkart Raises $20 Million From Tiger Global; Financials
Babyoye.com Raises $2.5M From Accel, Tiger Global
Updated: Myntra Gets $14M In Second Round Funding

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.

News

Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

News

This article addresses the legal and practical ambiguities in understanding the complex crypto ecosystem in India.

News

It is widely argued that the PDP Bill report seeks to discard the intermediary status of social media platforms but that may not be...

News

Looking at the definition of health data, it is difficult to verify whether health IDs are covered by the Bill.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ