Luxury watch retailer Art of Time raises Rs 175 Cr in fresh round

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Art of Time, India’s leading omnichannel luxury watch retailer, has raised Rs 175 crore in a fresh funding round from CaratLane founder Mithun Sacheti, Jaipur Gems CEO Siddhartha Sacheti, Freshworks founder Girish Mathrubootham, and Plutus Wealth Management. 

The round includes 70% primary and 30% secondary sale, bringing the company’s total funding to Rs 200 crore since inception.

The funds will be used to expand retail presence, add new product categories, invest in technology and inventory, and strengthen its team. Currently, 85% of sales come…



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Luxury watch retailer Art of Time raises Rs 175 Cr in fresh round


Art of Time, India’s leading omnichannel luxury watch retailer, has raised Rs 175 crore in a fresh funding round from CaratLane founder Mithun Sacheti, Jaipur Gems CEO Siddhartha Sacheti, Freshworks founder Girish Mathrubootham, and Plutus Wealth Management. 

The round includes 70% primary and 30% secondary sale, bringing the company’s total funding to Rs 200 crore since inception.

The funds will be used to expand retail presence, add new product categories, invest in technology and inventory, and strengthen its team. Currently, 85% of sales come…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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