Watch retailer Art of Time raises Rs 175 crore

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Omnichannel luxury watch retailer Art of Time has secured Rs 175 crore in a fundraising round from exiting investor CaratLane founder Mithun Sacheti, Jaipur Gems chief executive Siddhartha Sacheti, Freshworks founder Girish Mathrubootham, and Plutus Wealth Management.

The round consisted of 70% primary capital infusion, with the rest raised through a secondary share sale.

The company plans to deploy the funds to widen its retail footprint, introduce new categories, add talent, and invest in technology and inventory. Art of Time has raised Rs 200 crore…



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Watch retailer Art of Time raises Rs 175 crore



Omnichannel luxury watch retailer Art of Time has secured Rs 175 crore in a fundraising round from exiting investor CaratLane founder Mithun Sacheti, Jaipur Gems chief executive Siddhartha Sacheti, Freshworks founder Girish Mathrubootham, and Plutus Wealth Management.

The round consisted of 70% primary capital infusion, with the rest raised through a secondary share sale.

The company plans to deploy the funds to widen its retail footprint, introduce new categories, add talent, and invest in technology and inventory. Art of Time has raised Rs 200 crore…



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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