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], 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> | ], 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> | ||
==3D App== | |||
On August 20,2015 CaratLane launched an app that uses facial recognition and 3D imaging technology to allow customers virtually try on the earrings available on their site.This app can be downloaded on to any smart device. <ref>{{cite news|title=Caratlane launches virtual jewellery try-on app|url=http://www.business-standard.com/|accessdate=2 September 2015|publisher=Business Standard|date=20 August 2015}}</ref><ref>{{cite news|last1=Roy|first1=Anirban|title=http://www.ibtimes.co.in/now-try-your-jewelleries-your-smartphone-before-buying-them-heres-how-|url=http://www.ibtimes.co.in/now-try-your-jewelleries-your-smartphone-before-buying-them-heres-how-644066|accessdate=2 September 2015|agency=International Business Times|date=24 August 2015}}</ref> | |||
==Awards== | ==Awards== |
Revision as of 11:58, 2 September 2015
Type of site | Private Limited |
---|---|
Headquarters | Chennai, Tamil Nadu, India |
Founder(s) | Mithun Sacheti, Srinivasa Gopalan |
Industry | e-Commerce |
URL | www.caratlane.com |
Launched | 2008 |
CaratLane is an Indian online portal that sells jewellery. It was founded by Mithun Sacheti and Srinivasa Gopalan in 2008.
CaratLane's inventory includes diamond jewellery and gold coins.
History
Mithun Sacheti, a jewellery retailer, collaborated with Srinivasa Gopalan who is an IT entrepreneur and the founder of Lister Technologies, to form CaratLane.
Funding
Tiger Global, a US-based hedge fund, has been investing in CaratLane since 2011. 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.)
3D App
On August 20,2015 CaratLane launched an app that uses facial recognition and 3D imaging technology to allow customers virtually try on the earrings available on their site.This app can be downloaded on to any smart device.
Awards
• CaratLane was named the Best e-Commerce website of 2013 at the India Digital World Awards.
• 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.
References
- "Caratlane.com Site Info". Alexa Internet. Retrieved 9 April 2015.
- "Tiger Global Invests $6 M In Diamond Jewellery Portal CaratLane". VCCircle. Retrieved 8 April 2015.
- "Caratlane raises $31M in Series D round from Tiger Global". VCCircle.com. Retrieved 29 April 2015.
- "Carat Lane Gets PE Funding". The Hindu. 4 July 2011. Retrieved 28 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 closes Series C of $15M from existing investors". VCCircle. Retrieved 28 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 raises $31M in Series D round from Tiger Global". techcirle.in. Retrieved 30 April 2015.
- "Caratlane launches virtual jewellery try-on app". Business Standard. 20 August 2015. Retrieved 2 September 2015.
- Roy, Anirban (24 August 2015). "http://www.ibtimes.co.in/now-try-your-jewelleries-your-smartphone-before-buying-them-heres-how-". International Business Times. Retrieved 2 September 2015.
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- "Champions of the Digital World" (PDF). http://www.iamai.in. Internet and Mobile Association of India. Retrieved 29 April 2015.
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- "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.
External Links
Official Website - www.caratlane.com