wordpress blog stats
Connect with us

Hi, what are you looking for?

, , ,

CaratLane Raises $15M Series C Funding From Tiger Global: Sources

Caratlane-logoCaratLane Trading Pvt Ltd, which runs an online diamond jewellery portal CaratLane.com, has raised 15 million in Series C funding round from Tiger Global, MediaNama and other sites, including India Digital Review and NextBigWhat were informed by sources (perhaps the same source).

The documents we received indicate two rounds of funding, wherein the company raised Rs 27.31 crore from Tiger Global in February 2011, and Rs 30 Crore in March 2012. We’re trying to confirm the third round of funding, believed to be $15 million, which, if true, brings the total amount of funds raised by CaratLane to around $27 million.

Founded in 2008, CaratLane offers diamond jewellery such as rings, pendants, earrings, bangles and bracelets, chains and necklaces, among others. It also offers Gold coins by weight, purity and collection. It also allows users to gift jewellery and offers recommendations based on relationship and celebrity curation. 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 jewellery sold by the company is manufactured by Jaipur Gems.

The company had also launched a physical Solitaire experience lounge in New Delhi, Hyderabad, and Chennai. The company claims that it plans to launch its physical store in Mumbai as well.


Jewellery company Gitanjali Group had partnered with Times Internet’s Indiatimes Shopping to launch an online jewellery shop Gitanjalishop.com in December 2012. Online jewellery store, Voylla.com had raised Rs 2.5 crore angel investment from Snow Leopard Technology Ventures.

Advertisement. Scroll to continue reading.

There are also other international online jewellery stores that have launched their operations in India including Rocket Internet-backed 21Diamonds.in which had launched its operations in June 2012 and Berlin-based online fashion jewellery company Juvalia & You which launched its Indian operations in June 2012.  Apart from these online stores, there also several offline jewellery brands like Tata Group’s TanishqBhima JewellersJosco Jewellers and Abharan Jewellers, among others that also offer their jewellery for sale online.

Yebhi.com had also acquired a fashion jewellery eStore Stylishyou.in in May 2012 and had integrated all products available on stylishyou.in within its catalog. As part of the acquisition, Founder Shraddha Dadani had joined Yebhi as its Head of Jewelry.

Written By

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



While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.


Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.


Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.


The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.


For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

You May Also Like


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...


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...


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...


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
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