Happy Monday! Mithun Sacheti hit it big on Saturday when he sold his 27% stake in online jewellery marketplace CaratLane to Titan. The Rs 4,621 crore deal is among the largest for any Indian consumer internet company. Hear all about it from Sacheti himself in todays super packed edition of the ETtech Morning Dispatch.
Caratlane: Watchmaker Titan ascribed a valuation of Rs 17,000 crore to the omnichannel retailer, an over 30-fold jump from when it first invested in the Chennai-based company seven years ago.