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CaratLane

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CaratLane
Type of site
Private Limited
HeadquartersChennai, Tamil Nadu, India
Founder(s)Mithun Sacheti, Srinivasa Gopalan
Industrye-Commerce
URLwww.caratlane.com
Launched2008

CaratLane is an Indian online portal that sells jewellery. It was founded by Mithun Sacheti and Srinivasa Gopalan in 2008.[2]

CaratLane's inventory includes diamond jewellery and gold coins. [3]

History

Mithun Sacheti, a jewellery retailer, collaborated with Srinivasa Gopalan who is an IT entrepreneur and the founder of Lister Technologies, to form CaratLane.[4]

Funding

Tiger Global, a US-based hedge fund, has been investing in CaratLane since 2011.[5] 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.) [6] [7] [8] [9][10]


Awards

• CaratLane was named the Best e-Commerce website of 2013 at the India Digital World Awards.[11]

• 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.[12][13]

References

  1. ^ "Caratlane.com Site Info". Alexa Internet. Retrieved 9 April 2015.
  2. ^ "Tiger Global Invests $6 M In Diamond Jewellery Portal CaratLane". VCCircle. Retrieved 8 April 2015.
  3. ^ "Caratlane raises $31M in Series D round from Tiger Global". VCCircle.com. Retrieved 29 April 2015.
  4. ^ "Carat Lane Gets PE Funding". The Hindu. 4 July 2011. Retrieved 28 April 2015.
  5. ^ "Tiger Global Invests $6M In Diamond Jewellery Portal CaratLane". VCCircle. 22 June 2011. Retrieved 8 April 2015.
  6. ^ "Tiger Global Invests $6M in Diamond Jewellery Portal CaratLane". VCCircle. 22 June 2011. Retrieved 8 April 2015.
  7. ^ "Caratlane closes Series C of $15M from existing investors". VCCircle. Retrieved 28 April 2015.
  8. ^ "CaratLane Raises $31 M in Funding From Tiger Global". Medianama.com. Retrieved 8 April 2015.
  9. ^ "CaratLane Raises $31 Million". Business Standard. 26 January 2015. Retrieved 8 April 2015.
  10. ^ "Caratlane raises $31M in Series D round from Tiger Global". techcirle.in. Retrieved 30 April 2015.
  11. ^ "Champions of the Digital World" (PDF). http://www.iamai.in. Internet and Mobile Association of India. Retrieved 29 April 2015. {{cite web}}: External link in |website= (help)
  12. ^ "India's 20 hottest e-commerce startups". www.rediff.com. Retrieved 25 May 2015.
  13. ^ "Specialised Online Stores Hottest e-Commerce Start-Ups: Survey". Nerve.in. Retrieved 8 April 2015.

Official Website - www.caratlane.com

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