Online jewellery store caratlane.com led by Caratlane Trading Pvt. Limited has secured $31 million in series D funding led by existing investor Tiger Global. Post funding, Tiger Global now owns majority stakes in the online eCommerce portal.
Caratlane’s series C funding happened in 2013 and the one prior to that was in 2011, both led by Tiger Global. Post the latest round, total funding raised by Caratlane has crossed $50 million.
The company was co-founded by Mithun Sacheti, a former executive of Jaipur Gems and Srinivasa Gopalan, a technology entrepreneur who founded Lister Technologies. Caratlane competes with BlueStone, whose latest investment was from Ratan Tata and Kalaari Capital.
[Source]
Caratlane Raises $31 Million Series D Funding From Tiger Global
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