Jaipur Watch Company Secures Rs 1.6 Crore From Klub, Fueling Luxury Ambitions

THM Desk
3 May 2024 |
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In a move that promises to elevate its standing in the realm of luxury timepieces, Jaipur Watch Company has successfully secured Rs 1.6 crore in revenue-based financing from Klub, a prominent investment firm. This strategic partnership not only reinforces Jaipur Watch Company's commitment to exceptional craftsmanship and innovation but also paves the way for significant growth and market domination.

The decision to collaborate with Klub underscores Jaipur Watch Company's unwavering dedication to expansion and brand enhancement. Founder Gaurav Mehta expressed enthusiasm, stating, "This funding is a pivotal step towards realizing our ambitious growth objectives. It validates our business model while simultaneously fueling our vision to offer unparalleled luxury timepieces to discerning clientele."

Klub, a rising star in the investment landscape since its inception in 2019, has backed over 650 brands across India and the UAE. Co-founder Anurakt Jain expressed excitement about the partnership, remarking, "We are thrilled to support Jaipur Watch Company on their remarkable journey. Their unwavering commitment to quality and innovation aligns perfectly with our investment philosophy, and we eagerly anticipate their continued flourishing."

The infusion of capital will primarily focus on bolstering marketing efforts and inventory-related activities, aimed at strengthening brand visibility and diversifying product offerings. Mehta added, "With this funding, we aim to amplify our marketing initiatives and meet the increasing demand for our exquisite timepieces. It's not merely about the funds; it's about the invaluable support and guidance from Klub that will accelerate our growth trajectory."

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

With a shared vision for quality and innovation, this collaboration between Jaipur Watch Company and Klub is poised to elevate the luxury watch industry to new heights, offering discerning customers an unparalleled experience in timekeeping artistry.