CaratLane Promotes Two Senior Employees as Co-Founders




23 July 2016, India :

CaratLane, Online jewellery firm has made two of its senior employees co-founders of the business. Avnish Anand, Senior Vice-President — Product and Category Management, and G Gurukeerthi, Senior Vice-President, Technology and Fulfilment,will be co-founders of the business along with CEO and Founder Mithun Sacheti, according to a company statement.

“Avnish and Guru have stood by the vision of CaratLane, and helped it materialise with their strong commitment and exceptional talent. It gives me immense pleasure to have them join me to lead our future endeavours,” said Sacheti, Founder & CEO, CaratLane.

CaratLane also disclosed that the Tata Group’s Titan Company had bought a 62% stake in CaratLane acquiring 1.91 crore shares, valued at INR 357.24 crore in May this year. The company has also been heavy in raising capital. It raised almost $51 million from Tiger Global Management.

Along with the website, CaratLane has over 13 brand stores across the country. Further, in 2015, CaratLane also launched its virtual try-on app – the Perfect Look App – which enables jewellery buyers to try multiple pieces without having to put them on.