Bangalore Watch Company raises $1.4 million from its customers
The mechanical-watch brand plans selective overseas retail expansion and higher production capacity.
The seed investors include existing customers who are family-office principals and high-net-worth individuals in India and abroad. Their names were not disclosed.
The company plans to build a presence in two or three strategic overseas locations and potentially add another location in India. It also aims to increase manufacturing capacity over the next three to five years, building on a collector base attracted by its watches’ connections to Indian aviation, space and sport.
Use of funds
Expand international retail presence
Increase production capacity