Funding
Watch retailer Art of Time raises Rs 175 crore
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Omnichannel luxury watch retailer Art of Time has secured Rs 175 crore in a fundraising round from exiting investor CaratLane founder Mithun Sacheti, Jaipur Gems chief executive Siddhartha Sacheti, Freshworks founder Girish Mathrubootham, and Plutus Wealth Management.
The round consisted of 70% primary capital infusion, with the rest raised through a secondary share sale.
The company plans to deploy the funds to widen its retail footprint, introduce new categories, add talent, and invest in technology and inventory. Art of Time has raised Rs 200 crore…
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