Jewellery retailer CaratLane's Founder and CEO Mithun Sacheti in an interview with Moneycontrol said that the deal of Titan buying the remaining 27.18% of CaratLane for ₹4,621 crore was closed in just 7 minutes after the banks' negotiation. It marked the second largest exit for an e-commerce founder in India after Flipkart founders sold their stakes to Walmart.