CaratLane

A Chennai jeweller sold diamonds online when nobody in India would buy them that way, then handed the whole thing to the Tatas.

Small and new·From India·Founded 2008·Members

At a glance

Founded: 2008, as a purely online brand, in the weeks around the Lehman Brothers collapse.¹²
Founded by: Mithun Sacheti and Srinivasa Gopalan, who was bought out in 2018.¹
Home: Chennai.³
Owned by: Titan Company, the Tata group jeweller, which took the last 0.36 per cent in February 2024.⁶
What it sells: Gold, silver and diamond jewellery for women and men, through its website and its own shops.⁶
Size: ₹4,702 crore of revenue in the year to March 2026, up 34 per cent, from more than 380 shops in India.¹²

How it got here

2008

1 of 3

Sacheti put in about ₹75 lakh and Gopalan about ₹27 lakh, and CaratLane began selling rings and earrings from ₹25,000.¹ Sacheti came from his family's Mumbai store, Jaipur Gems, where pieces ran past ₹50 lakh.¹

Mint: Caratlane: Anatomy of a glittering exit ↗

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Sources for what is above

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