Titan to acquire 27.18% stake in CaratLane

Titan, the watchmaking giant owned by Tata, has recently entered into a share purchase agreement to acquire an additional 27.18% stake in the omnichannel jewellery startup CaratLane. The deal, worth INR 4,621 Crore, indicates that CaratLane’s valuation has surged past INR 17,000 Crore ($2 billion), propelling the jewellery brand into the coveted unicorn club. With […]