• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Wednesday, May 21, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Titan Acquires Majority Stake in Carat Lane

by Anirudh Saligrama
May 7, 2016
in Business, News
Reading Time: 2 mins read
0
Titan Acquires Majority Stake in Carat Lane
TwitterWhatsappLinkedin

You might also like

Reddit Bans Radical Subreddit After Fatal Blast Outside Fertility Clinic

Klarna Rethinks AI Push: CEO Pledges Return of Human Customer Service Agents

Nearly Half of Young People Prefer a World Without the Internet, Survey Finds

 

07-May-2016, CHENNAI: Manufacturer of watches and jewellery, Titan is all set to acquire major stake in Carat Lane, for an undisclosed amount. A Chennai based online marketing company that deals with jewellery, the company said that it is still under discussion regarding the exact price and stake to be paid, for which the transaction is expected to be closed by this June.

The Chennai based online jewellery, Carat Lane is India’s maiden and one of the largest store of its kind. The company was founded in October 2008 by Srinivasa Gopalan and Mithun Sacheti. The company has raised around $52 million as on January 2015 by its investor Tiger Global Management. Apart from its online store, the company is also into offline sales with 13 retail stores across India.

Managing Director of Titan, Bhaskar Bhat said “For Titan, the acquisition brings significant capabilities in the e-commerce space along with a brand, a customer segment and a business model that are very exciting”.

This deal is set to help Titan towards the increase in their jewellery revenue after their Tanishq recently failed to capitalize its growth. Carat Lane competes with rivals like BlueStone. The interesting part is Bluestone had raised funding from Ratan Tata through his personal expenses wherein Titan is also a Tata product.

Titan is an Indian designer and manufacturer of watches, jewellery, sunglasses, helmet and many other accessories. Founded in 1987, the company is a joint venture between Tata Group and Tamil Nadu Industrial Development Corporation (TIDCO) and is operated by Titan Company Ltd. The revenue of the company is estimated to $1.8billion.

 

Image: Phoenix Market City-Bangalore

Tags: Bhaskar BhatBluestoneCarat Lanee-commerceMithun SachetiRatan TataSrinivasa GopalanTanishqTIDCOTitan
Tweet54SendShare15
Previous Post

Dell Marks Out $50 Million For Next Three Years

Next Post

Delhi To Have An Entrepreneurship Council To Boost Startup Ecosystem Says State

Anirudh Saligrama

Media Graduate, Trainee-Journalist,

Recommended For You

Reddit Bans Radical Subreddit After Fatal Blast Outside Fertility Clinic

by Harikrishnan A
May 21, 2025
0
Surge in Reddit’s MOON Token Price Following Deflationary Strategy Unveil

Reddit has shut down a controversial subreddit linked to a fringe anti-life ideology after a deadly explosion rocked a fertility clinic in Palm Springs, California. The platform’s move...

Read more

Klarna Rethinks AI Push: CEO Pledges Return of Human Customer Service Agents

by Harikrishnan A
May 21, 2025
0
Klarna Rethinks AI Push: CEO Pledges Return of Human Customer Service Agents

Klarna, the Swedish fintech giant known for its buy-now-pay-later services, is taking a step back from its aggressive automation strategy and bringing human voices back to its customer...

Read more

Nearly Half of Young People Prefer a World Without the Internet, Survey Finds

by Harikrishnan A
May 21, 2025
0
Nearly Half of Young People Prefer a World Without the Internet, Survey Finds

For a generation raised with smartphones and social media, one might assume that young people can’t imagine life without the internet. But new findings suggest otherwise. Nearly half...

Read more
Next Post
Delhi To Have An Entrepreneurship Council To Boost Startup Ecosystem Says State

Delhi To Have An Entrepreneurship Council To Boost Startup Ecosystem Says State

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?