Angel round · Consumer
Jaipur Watch Company raises Rs 2.4 crore in angel funding
The watchmaker plans to add three outlets after selling an approximately 8% stake.
Jaipur Watch Company raised Rs 2.4 crore in a round led by Nirav Jogani and Jignesh Shah, founder Gaurav Mehta told ETRetail on May 24, 2024. The investment represented an approximately 8% stake in the business.
The company then operated five exclusive outlets and planned to add three more. The financing supported a wider retail presence for a brand whose watch designs draw on Indian coins and cultural heritage.
Use of funds
Expand stores, marketing and inventory
Funding history
Angel round · This round₹24M