Caratlane eyes international markets for growth
Omnichannel jewellery brand Caratlane plans to strengthen its presence in international markets, namely with its newly incorporated wholly-owned subsidiary, Studio C Inc, in the U.S.
With Studio C Inc, Caratlane expects to make deep inroads in the international jewellery segment and expects strong growth going forward.
The company had posted a 38 percent growth during the recently concluded third quarter with Rs 16 crore ($2.2 million) profit.
“It has always been our vision to participate in the exciting international jewellery market. With this outpost of Caratlane we plan to bring in new jewellery buying experience to shoppers in the U.S. and other key markets. We believe that our unique designs and understanding of the online consumer, gives us an advantage that will help us become relevant to these customers,” Mithun Sacheti founder and managing director of Caratlane told Businessline.
Caratlane was founded in 2008, by Mithun Sacheti and Srinivasa Gopalan. It currently has 109 brand stores across the country and sells online through its website.
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