CaratLane: Difference between revisions

Browse history interactively ← Previous editContent deleted Content addedVisual WikitextInline

Revision as of 04:34, 25 May 2015 editKiranbramakrishna (talk \| contribs)53 editsNo edit summary← Previous edit		Latest revision as of 11:06, 3 December 2024 edit undoTiger-in-Action (talk \| contribs)212 editsNo edit summary
(101 intermediate revisions by 52 users not shown)
Line 1:		Line 1:
			{{Short description\|Indian jewelry retailer headquartered in Chennai}}
	{{AFC submission\|d\|adv\|u=Kiranbramakrishna\|ns=118\|decliner=Onel5969\|declinets=20150427143951\|ts=20150416054743}} <!-- Do not remove this line! -->
			{{Notability\|1=Companies\|date=June 2021}}

			{{EngvarB\|date=September 2016}}
	<!-- EDIT BELOW THIS LINE -->
			{{Use dmy dates\|date=September 2016}}
	{{Infobox dot-com company
			{{Infobox website
	\|name = CaratLane		\| name = CaratLane
	\|logo =
			\| logo = Caratlane_Logo.png
	\|~~logo size~~ = <!-- width in pixels, with "px" suffix -->		\| logo_size = <!-- width in pixels, with "px" suffix -->
	\|logo alt =
			\| logo_alt =
	\|collapsible = <!-- "yes" or "no" -->		\| collapsible = <!-- "yes" or "no" -->
	\|screenshot =
	\|screenshot ~~size~~ = <!-- width in pixels, with "px" suffix -->		\| screenshot =
			\| screenshot_size = <!-- width in pixels, with "px" suffix -->
			\| screenshot_alt =
	\|screenshot alt =
	\|caption =		\| caption =
			\| type = ]
	\|type = Private Limited
			\| traded_as =
	\|traded as =
	\|founded = <!-- {{start date and age\|year\|month\|day}} -->		\| founded = <!-- {{start date and age\|df=yes\|year\|month\|day}} -->
	\|dissolved = <!-- {{start date and age\|year\|month\|day}} -->		\| dissolved = <!-- {{start date and age\|df=yes\|year\|month\|day}} -->
	\|predecessor =		\| predecessor =
	\|successor =		\| successor =
	\|location = ], ], ]		\| location = ], ], ]
	\|country =		\| country =
			\| country_of_origin =
	\|country of origin =
	\|locations =		\| locations =
			\| area_served =
	\|area served =
			\| founder =
	\|founder = Mithun Sacheti, Srinivasa Gopalan
	\|chairman =		\| chairman =
	\|chairperson =		\| chairperson =
	\|president =		\| president =
	\|CEO =		\| CEO =
	\|MD =		\| MD =
	\|GM =		\| GM =
			\| key_people =
	\|key people =
	\|industry = ~~e-Commerce~~		\| industry =
	\|products =		\| products =
	\|services =		\| services =
	\|revenue =		\| revenue =
			\| operating_income =
	\|operating income =
	\|international = ~~<!-- "yes" or "no" -->~~		\| international =
			\| net_income =
	\|net income =
	\|assets =		\| assets =
	\|equity =		\| equity =
	\|owner =		\| owner = ]
	\|employees =		\| employees =
	\|parent =		\| parent =
	\|divisions =		\| divisions = Jewellery
	\|subsidiaries =		\| subsidiaries =
		⚫	\| url = {{URL\|http://www.caratlane.com/}}
	\|slogan =
			\| programming_language =
⚫	\|url =
	\|~~programming~~ ~~language~~ =		\| ipv6 =
			\| website_type =
	\|ipv6 =
		⚫	\| advertising =
	\| alexa = {{DecreasePositive}} 13,882 ({{as of\|2015\|4\|9\|alt=April 2015}})<ref>{{cite web\|title=Caratlane.com Site Info\|url=http://www.alexa.com/siteinfo/caratlane.com\|publisher=Alexa Internet\|accessdate=9 April 2015}}</ref>
		⚫	\| registration =
	\|website type =
			\| users =
⚫	\|advertising =
		⚫	\| language =
⚫	\|registration =
			\| launched = {{Launch date and age\|2008}}
	\|users =
			\| current_status =
⚫	\|language =
			\| native_clients =
	\|launched = <!-- {{2008}} --> 2008
		⚫	\| footnotes =
	\|current status =
	\|native clients =
⚫	\|footnotes =
	}}		}}

			'''CaratLane''' is an Indian ] ] under ], headquartered in ], ].<ref>{{Cite news\|last=Kumar\|first=Surya Praphulla\|date=9 March 2018\|title=Inside CaratLane\|newspaper=]\|url=https://www.thehindu.com/life-and-style/fashion/inside-caratlane/article22999651.ece\|access-date=11 August 2018}}</ref>
	'''CaratLane''' is an Indian online portal that sells jewellery. It was founded by Mithun Sacheti and Srinivasa Gopalan in 2008.<ref>{{cite web\|title=Tiger Global Invests $6 M In Diamond Jewellery Portal CaratLane\|url=http://www.vccircle.com/news/others/2011/06/22/tiger-global-invests-6m-diamond-jewellery-portal-caratlane\|website=VCCircle\|accessdate=8 April 2015}}</ref>

		⚫	== History ==
	CaratLane's inventory includes diamond jewellery and gold coins. <ref>{{cite web\|title=Caratlane raises $31M in Series D round from Tiger Global\|url=http://www.vccircle.com/news/technology/2015/01/22/caratlane-raises-31m-series-d-round-tiger-global\|website=VCCircle.com\|accessdate=29 April 2015}}</ref>
			The company was founded by Mithun Sacheti, and Srinivasa Gopalan, in 2008. As of July 2024, the company is a subsidiary of ], and fully owned by Titan Company Limited .<ref name=":0" /><ref>{{cite web\|title=Tiger Global Invests $6 M In Diamond Jewellery Portal CaratLane\|url=http://www.vccircle.com/news/others/2011/06/22/tiger-global-invests-6m-diamond-jewellery-portal-caratlane\|access-date=8 April 2015\|website=VCCircle}}</ref> As of August 2024, the retailer had 275+ stores across 100+ cities in India.<ref>{{Cite web\|title=Our Story\|url=https://www.caratlane.com/our-story#:~:text=Today%20CaratLane%20is%20India%27s%20largest,stores%20across%2036%20Indian%20cities.\|access-date=2020-07-12\|website=www.caratlane.com}}</ref>
			<ref>{{cite news\|title=Carat Lane Gets PE Funding\|url=http://www.thehindu.com/business/companies/caratlane-gets-pe-funding/article2158951.ece\|access-date=28 April 2015\|publisher=The Hindu\|date=4 July 2011}}</ref><ref>{{Cite web\|url=http://www.financialexpress.com/article/fe-columnist/making-a-mark-with-online-solitaires/77065/\|title=Making a mark with online solitaires - The Financial Express\|date=2015-05-27\|website=The Financial Express\|language=en-US\|access-date=2016-07-20\|archive-url=https://web.archive.org/web/20150821114057/http://www.financialexpress.com/article/fe-columnist/making-a-mark-with-online-solitaires/77065/\|archive-date=21 August 2015\|url-status=dead}}</ref>

			The company started off as an online retailer before opening physical stores, with its first store opening in ].<ref>{{cite web\|date=2015-08-07\|title=I wanted people to discover jewellery: CaratLane’s Mithun Sacheti\|url=http://www.livemint.com/Industry/lDjJzewPN8LHNI8ksZ57yM/I-wanted-people-to-discover-jewellery-CaratLanes-Mithun-Sa.html\|access-date=2015-09-30\|publisher=]}}</ref>
⚫	==History==

		⚫	In 2011, ], ] and JuxtConsult conducted a study to identify the most popular e-commerce sites in India and CaratLane was in the top 20. It was also identified as the best in terms of usability and ] design.<ref>{{cite web\|title=India's 20 hottest e-commerce startups\|url=http://www.rediff.com/business/slide-show/slide-show-1-tech-indias-20-hottest-e-commerce-sites/20110202.htm#6\|website=www.rediff.com\|access-date=25 May 2015}}</ref><ref>{{cite web\|title=Specialised Online Stores Hottest e-Commerce Start-Ups: Survey\|url=http://www.nerve.in/news:253500370175\|website=Nerve.in\|access-date=8 April 2015}}</ref>
	Mithun Sacheti, a jewellery retailer, collaborated with Srinivasa Gopalan who is an IT entrepreneur and the founder of Lister Technologies, to form CaratLane.<ref>{{cite news\|title=Carat Lane Gets PE Funding\|url=http://www.thehindu.com/business/companies/caratlane-gets-pe-funding/article2158951.ece\|accessdate=28 April 2015\|publisher=The Hindu\|date=4 July 2011}}</ref>

	==Funding==		==Funding==
		⚫	CaratLane has raised four rounds of capital, ] through ], with the most recent round being led by ], a US-based ].<ref>{{cite news\|date=22 June 2011\|title=Tiger Global Invests $6M In Diamond Jewellery Portal CaratLane\|agency=VCCircle\|url=http://www.vccircle.com/news/others/2011/06/22/tiger-global-invests-6m-diamond-jewellery-portal-caratlane\|access-date=8 April 2015}}</ref> In its fourth round of ] (in 2015) CaratLane received {{INRConvert\|192\|c\|lk=on}} from Tiger Global making the sum total invested by the Hedge Fund approximately {{INRConvert\|318.31\|c\|lk=on}}.<ref>{{cite news\|title=Tiger Global Invests $6M in Diamond Jewellery Portal CaratLane\|url=http://www.vccircle.com/news/others/2011/06/22/tiger-global-invests-6m-diamond-jewellery-portal-caratlane\|access-date=8 April 2015\|agency=VCCircle\|date=22 June 2011}}</ref><ref>{{cite web\|title=CaratLane Raises $31 M in Funding From Tiger Global\|url=http://www.medianama.com/2015/01/223-caratlane-tiger-global/\|website=Medianama.com\|access-date=8 April 2015}}</ref><ref>{{cite news\|title=CaratLane Raises $31 Million\|url=http://www.business-standard.com/article/companies/carat-lane-raises-31-million-115012600011_1.html\|access-date=8 April 2015\|agency=Business Standard\|date=26 January 2015}}</ref><ref>{{Cite news\|url=http://www.thehindu.com/business/Industry/caratlane-targets-rs-1500-cr-sales/article6430049.ece\|title=Caratlane targets Rs. 1,500 cr sales\|date=2014-09-20\|newspaper=The Hindu\|language=en-IN\|issn=0971-751X\|access-date=2016-07-20}}</ref>

			In July 2016, ] purchased a 62% stake in CaratLane for {{INRConvert\|357.24\|c\|lk=on}}.<ref name=":0">{{cite web\|title=Titan to acquire 62 per cent stake in Carat Lane for Rs 357.24 crore\|url=http://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/titan-to-acquire-62-per-cent-stake-in-carat-lane-for-rs-357-24-crore/articleshow/53214980.cms\|website=economictimes.indiatimes.com\|access-date=20 July 2016}}</ref>
⚫	], a ~~US-based~~ ~~hedge~~ ~~fund,~~ ~~has~~ ~~been~~ ~~investing~~ in ~~CaratLane~~ ~~since~~ ~~2011~~.<ref>{{cite news\|title=Tiger Global Invests $6M In Diamond Jewellery Portal CaratLane\|url=http://www.vccircle.com/news/others/2011/06/22/tiger-global-invests-6m-diamond-jewellery-portal-caratlane\|~~accessdate~~=8 April 2015~~\|agency=VCCircle\|date=22 June 2011~~}}</ref> In its fourth round of fundraising (in 2015) CaratLane received ~~₹192 Cr ($31m)~~ from Tiger Global making the sum total invested by the Hedge Fund approximately ~~₹318~~.31 ~~Cr ($58m~~.) <ref>{{cite news\|title=Tiger Global Invests $6M in Diamond Jewellery Portal CaratLane\|url=http://www.vccircle.com/news/others/2011/06/22/tiger-global-invests-6m-diamond-jewellery-portal-caratlane\|~~accessdate~~=8 April 2015\|agency=VCCircle\|date=22 June 2011}}</ref> <ref>{{cite web\|title=Caratlane closes Series C of $15M from existing investors\|url=http://www.vccircle.com/news/tmt/2013/05/13/caratlane-closes-series-c-15m-existing-investors\|website=VCCircle\|accessdate=28 April 2015}}</ref> <ref>{{cite web\|title=CaratLane Raises $31 M in Funding From Tiger Global\|url=http://www.medianama.com/2015/01/223-caratlane-tiger-global/\|website=Medianama.com\|~~accessdate~~=8 April 2015}}</ref> <ref>{{cite news\|title=CaratLane Raises $31 Million\|url=http://www.business-standard.com/article/companies/carat-lane-raises-31-million-115012600011_1.html\|~~accessdate~~=8 April 2015\|agency=Business Standard\|date=26 January 2015}}</ref><ref>{{~~cite~~ ~~web\|title=Caratlane raises $31M in Series D round from Tiger Global~~\|url=http://~~techcircle~~.~~vccircle~~.com/~~2015~~/~~01/22~~/caratlane-~~raises~~-~~31m~~-in-~~series~~-d-~~round~~-~~from~~-~~tiger-global/~~\|~~website~~=~~techcirle.in~~\|~~accessdate~~=~~30 April 2015~~}}</ref>

		⚫	==References==
		⚫	{{reflist}}

	==~~Awards~~==		==External links==
			* {{Official website\|www.caratlane.com}}

			{{Portal bar\|Internet\|Companies\|India}}
	• CaratLane was named the Best e-Commerce website of 2013 at the India Digital World Awards.<ref>{{cite web\|title=Champions of the Digital World\|url=http://www.iamai.in/events/5th_India_Digital_Awards/pdf/winners2013.pdf\|website=http://www.iamai.in\|publisher=Internet and Mobile Association of India\|accessdate=29 April 2015}}</ref>

			]
⚫	• In 2011, ], ] and JuxtConsult conducted a study to identify the most popular e-commerce sites in India and CaratLane was in the top 20. It was also identified as the best in terms of usability and user interface design.<ref>{{cite web\|title=India's 20 hottest e-commerce startups\|url=http://www.rediff.com/business/slide-show/slide-show-1-tech-indias-20-hottest-e-commerce-sites/20110202.htm#6\|website=www.rediff.com\|~~accessdate~~=25 May 2015}}</ref><ref>{{cite web\|title=Specialised Online Stores Hottest e-Commerce Start-Ups: Survey\|url=http://www.nerve.in/news:253500370175\|website=Nerve.in\|~~accessdate~~=8 April 2015}}</ref>
			]
			]
			]
			]

⚫	==References==
⚫	{{reflist}}

			{{India-company-stub}}
	==External Links==
	Official Website -
	<!--- After listing your sources please cite them using inline citations and place them after the information they cite. Please see http://en.wikipedia.org/Wikipedia:REFB for instructions on how to add citations. --->
	*
	*
	*
	*

Latest revision as of 11:06, 3 December 2024

Indian jewelry retailer headquartered in Chennai

The topic of this article may not meet Misplaced Pages's notability guidelines for companies and organizations. Please help to demonstrate the notability of the topic by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond a mere trivial mention. If notability cannot be shown, the article is likely to be merged, redirected, or deleted.
Find sources: "CaratLane" – news · newspapers · books · scholar · JSTOR (June 2021) (Learn how and when to remove this message)

CaratLane

Type of site	Subsidiary
Headquarters	Chennai, Tamil Nadu, India
Owner	Titan Company
Divisions	Jewellery
URL	www.caratlane.com
Launched	2008; 17 years ago (2008)

CaratLane is an Indian jewellery brand under Titan Company, headquartered in Chennai, India.

History

The company was founded by Mithun Sacheti, and Srinivasa Gopalan, in 2008. As of July 2024, the company is a subsidiary of Titan Jewellery, and fully owned by Titan Company Limited . As of August 2024, the retailer had 275+ stores across 100+ cities in India.

The company started off as an online retailer before opening physical stores, with its first store opening in Chennai.

In 2011, Dataquest, Sapient Nitro and JuxtConsult conducted a study to identify the most popular e-commerce sites in India and CaratLane was in the top 20. It was also identified as the best in terms of usability and user interface design.

Funding

CaratLane has raised four rounds of capital, Series A through Series D, with the most recent round being led by Tiger Global, a US-based Hedge fund. In its fourth round of fundraising (in 2015) CaratLane received ₹192 crore (US$22 million) from Tiger Global making the sum total invested by the Hedge Fund approximately ₹318.31 crore (US$37 million).

In July 2016, Titan purchased a 62% stake in CaratLane for ₹357.24 crore (US$42 million).

References

Kumar, Surya Praphulla (9 March 2018). "Inside CaratLane". The Hindu. Retrieved 11 August 2018.
^ "Titan to acquire 62 per cent stake in Carat Lane for Rs 357.24 crore". economictimes.indiatimes.com. Retrieved 20 July 2016.
"Tiger Global Invests $6 M In Diamond Jewellery Portal CaratLane". VCCircle. Retrieved 8 April 2015.
"Our Story". www.caratlane.com. Retrieved 12 July 2020.
"Carat Lane Gets PE Funding". The Hindu. 4 July 2011. Retrieved 28 April 2015.
"Making a mark with online solitaires - The Financial Express". The Financial Express. 27 May 2015. Archived from the original on 21 August 2015. Retrieved 20 July 2016.
"I wanted people to discover jewellery: CaratLane's Mithun Sacheti". Mint. 7 August 2015. Retrieved 30 September 2015.
"India's 20 hottest e-commerce startups". www.rediff.com. Retrieved 25 May 2015.
"Specialised Online Stores Hottest e-Commerce Start-Ups: Survey". Nerve.in. Retrieved 8 April 2015.
"Tiger Global Invests $6M In Diamond Jewellery Portal CaratLane". VCCircle. 22 June 2011. Retrieved 8 April 2015.
"Tiger Global Invests $6M in Diamond Jewellery Portal CaratLane". VCCircle. 22 June 2011. Retrieved 8 April 2015.
"CaratLane Raises $31 M in Funding From Tiger Global". Medianama.com. Retrieved 8 April 2015.
"CaratLane Raises $31 Million". Business Standard. 26 January 2015. Retrieved 8 April 2015.
"Caratlane targets Rs. 1,500 cr sales". The Hindu. 20 September 2014. ISSN 0971-751X. Retrieved 20 July 2016.

External links

Official website

Portals:

This article about an Indian company is a stub. You can help Misplaced Pages by expanding it.

Categories: