CaratLane Founder Mithun Sacheti recalled that late investor Rakesh Jhunjhunwala believed loss-making businesses like CaratLane "don't deserve the value that we're getting". Sacheti said after dinner with Jhunjhunwala and other ace investors, he decided to buy out his Co-founder Srinivasa Gopalan. "Cash became king...but all this started with those conversations (with Jhunjhunwala)," he added.