Exclusive: Jewellery e-tailer Johari Shop goes omni-channel, gets angel funding

Johari ShopJewellery e-commerce marketplace Johari Shop has raised $94,000 (Rs 62.5 lakh) from three angel investors, including a diamond exporter and a high net-worth individual, to power its omni-channel efforts. The company will invest the capital to work on its omni-channel strategy that would start with the launch of its first brick-and-mortar store in Bangalore’s VR […]

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Bluestone narrows revenue gap with Caratlane

For-Bluestone-CarrotLane-Results-Story-TC_ThinkstockPhotos-454983451The race for supremacy in the online jewellery retailing segment has tightened, with the gap in revenue of the top two players—Caratlane and Bluestone—halving in the last financial year. Carat Lane Trading Pvt Ltd, which runs Caratlane.com, posted a 9.5% increase in net sales to Rs 131.8 crore for 2015-16 from Rs 120.4 crore the […]

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Online jewellery marketplace VivoCarat raises seed funding

jewllery-by-shah-junaid-(6)_A-(1)Online jewellery marketplace VivoCarat.com has raised $50,000 (Rs 33.8 lakh) in seed funding from a group of individual investors. The names of the investors were not divulged by the startup. The corpus raised will be used for product development, team building, and marketing, the company said in a statement on Monday. VivoCarat Retail Pvt. Ltd., […]

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Powerhouse Ventures, others invest $500K in online jewellery marketplace Joolz

jooz_feMumbai-based GemSwipe Ltd, which runs online jewellery marketplace Joolz, has raised $500,000 (Rs 3.3 crore) in a pre-Series A funding round led by Powerhouse Ventures and M&S Partners. Other investors including Ah! Ventures; Deepak Kasthwal, former CFO of Ola; PKX Thomas, former technology head of Cleartrip; and Mahesh Ahuja, CEO Brittman India, also participated in […]

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Online jeweller BlueStone gets $30 mn from IIFL, Accel, others

jewelley-by-shah-junaid-(1)22Bangalore-based jewellery e-tailer BlueStone has raised $30 million (Rs 200 crore) in a fresh round of investment led by IIFL and Accel Partners. Kalaari Capital, RB Investments and IvyCap Ventures also invested in the new Series D round, the company said. The new round comes exactly a year after BlueStone received $16 million in funding […]

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Exclusive: Keiretsu Forum, others to invest $450K in customised online jewellery brand AuGrav

jewllery-by-shah-junaid-(6)23AuGrav, a Coimbatore-based startup that designs and sells personalised precious jewellery to end-customers and retailers, is in talks with the Chennai chapter of global angel network Keiretsu Forum and others to raise close to $450,000 (around Rs 3 crore) in seed investments. The startup wants to invest the capital to expand its team and strengthen […]

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Bluestone versus Caratlane: Who’s winning the battle?

jewelley-by-shah-junaid-(3)3Until a few years ago, hardly anyone in jewellery-crazy India would have thought of buying the precious items online. But two startups changed the game. Bluestone and Caratlane not only proved that people do buy costly gold and diamond jewellery online but also attracted funding from marquee investors looking to tap into India’s burgeoning e-commerce […]

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