Jaipur Watch Company raises Rs 1.6 crore funding from Klub

Jaipur Watch Company, a maker of luxury watches has raised Rs 1.6 crore ($1,91,718) in funding from revenue-based financing firm Klub.

The company will utilise the funds on marketing and inventory-related activities to strengthen its brand visibility.

Commenting on the funding, Gaurav Mehta, founder of Jaipur Watch Company in a statement said, “This funding is a crucial step towards realizing our growth ambitions. It not only validates our business model but also fuels our vision to offer exceptional luxury timepieces to discerning customers. It’s not just about the funds; it’s about the invaluable support and guidance from Klub that will accelerate our growth.”

Anurakt Jain, co-founder of Klub added, “We are excited to support Jaipur Watch Company in their journey. Their commitment to quality and innovation aligns perfectly with our investment philosophy, and we look forward to seeing them flourish.”

Jaipur Watch Company is based in Jaipur where it also runs a boutique. The brand’s watches are also available at multi-brand outlets in cities including Kolkata, Delhi, Mumbai, Udaipur, Gurugram, Pune, and Bengaluru.