Jaipur Watch Company Secures Rs 1.6 Cr Funding to Fuel Growth and Innovation

• ByStartupStory     |    May 1, 2024

Jaipur Watch Company, a renowned name in the world of luxury watches, has recently made waves with its successful securing of Rs 1.6 crore in revenue-based financing from Klub, a leading investor in the market. This strategic funding promises to propel Jaipur Watch Company to new heights, reinforcing its commitment to craftsmanship, innovation, and market leadership.

The decision to partner with Klub underscores Jaipur Watch Company’s dedication to expansion and brand enhancement. “This funding is a crucial step towards realizing our growth ambitions,” stated Gaurav Mehta, Founder of Jaipur Watch Company. “It not only validates our business model but also fuels our vision to offer exceptional luxury timepieces to discerning customers.”

Klub, founded in 2019, has swiftly emerged as a prominent player in the investment landscape, backing over 650 brands across India and the UAE. “We are excited to support Jaipur Watch Company in their journey,” remarked Anurakt Jain, Co-founder of Klub. “Their commitment to quality and innovation aligns perfectly with our investment philosophy, and we look forward to seeing them flourish.”

The infusion of capital will primarily focus on marketing and inventory-related activities, aimed at strengthening brand visibility and product offerings. “With this funding, we aim to enhance our marketing efforts and meet the rising demand for our exquisite timepieces,” added Mehta. “It’s not just about the funds; it’s about the invaluable support and guidance from Klub that will accelerate our growth.”

Jaipur Watch Company’s strategic approach to deployment of funds highlights its determination to stand out in the competitive luxury watch market. “Our goal is to redefine the landscape of luxury watches,” emphasized Mehta. “This partnership with Klub marks a significant milestone in our journey towards excellence.”

Follow Startup Story