2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Gili
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Caratlane
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Nakshatra
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Tanishq
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Detailed explanation-1: -In its first major investment in an e-commerce firm, Titan group has acquired majority stake in Tiger Global-backed online jewellery startup CaratLane.
Detailed explanation-2: -No, the designs of each brand are available at their respective stores only. While Titan is a majority stakeholder in CaratLane, CaratLane and Tanishq are independent brands with separate operations.
Detailed explanation-3: -“Titan, the largest brick and mortar jeweller, post acquisition of Carat Lane also becomes the largest online jeweller, ” said Edelweiss in a note. According to media reports, Titan is set to acquire a majority stake (more than 51 per cent) from Carat Lane’s long time investor, Tiger Global, in an all cash deal.
Detailed explanation-4: -CaratLane was founded by Mithun Sacheti and Srinivasa Gopalan with a refreshing and courageous objective – to make beautiful jewellery accessible, affordable and forever wearable.
Detailed explanation-5: -Tanishq is an Indian jewellery brand and a division of Titan Company.