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CaratLane Founder Mithun's ₹4,621 cr exit India's 2nd-largest for e-commerce founder
short by Hiral Goyal / on Saturday, 19 August, 2023
CaratLane Founder Mithun Sacheti and his family are selling their 27.18% stake in the online jewellery retailer to Titan for ₹4,621 crore. This marks the second largest exit for an e-commerce founder in India after Flipkart founders Sachin and Binny Bansal sold their stakes to Walmart. The latest deal is subject to regulatory approval and values CaratLane at ₹17,000 crore.
read more at Moneycontrol