# Caratlane Trading Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/caratlane-trading-private

- Industry: Internet
- Headquarters: Chennai, India
- Website: www.caratlane.com
- Total disclosed funding: $51M
- Latest round: Series D (Dec 9, 2014)
- Investors on record: 1

## About

Caratlane Trading Private Limited is an Indian company specializing in high-quality diamond, gold, and platinum jewelry, blending traditional craftsmanship with modern designs for an enhanced customer experience.Founded in 2007 and headquartered in Chennai, India, Caratlane focuses on e-commerce and physical retail for jewelry. The company is co-founded by Avnish Anand and Gurukeerthi Gurunathan, with Avnish Anand serving as CEO. Caratlane has engaged in a total of 6 deals, with significant investments from Titan Company Limited, which acquired a majority stake in 2016 and further increased its stake in August 2023 during a TRADE SALE that raised INR 46.21 billion, valuing the firm at INR 170 billion post-money. The most recent deal was completed on August 21, 2023.CaratLane offers a wide array of high-quality jewelry, including engagement rings, earrings, necklaces, bracelets, and customized pieces that can be personalized on site. The company caters to diverse consumer needs, emphasizing online sales and maintaining a physical presence in locations like New Jersey, USA. CaratLane's multi-channel approach enhances accessibility to Indian jewelry, appealing to markets such as the United States, Canada, and India.In the fiscal year 2023, Caratlane reported a total revenue of INR 270,231,171 and an EBITDA of INR 25,672,341. The company achieves revenue through direct-to-consumer sales on its e-commerce platform and transactions at its physical stores, leveraging promotional offers to enhance customer engagement and retention.Caratlane plans to introduce new product lines by the end of 2024, focusing on innovative designs and customized jewelry options. The company aims to expand its market presence in Europe and Australia by 2025. The recent funding from Titan Company Limited will support these initiatives, facilitating product development and market entry strategies.

## Funding rounds

- Series D, Dec 9, 2014, $30M — Tiger Global Management
- Series C, May 14, 2013, $15M — Tiger Global Management
- Series A, Feb 3, 2011, $6M — Tiger Global Management

## Investors

- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A, Series C, Series D