About Candere
Candere is a company based in Mumbai (India) founded in 2012 by Rupesh Jain was acquired by Kalyan Jewellers in April 2017. Candere has raised $638.42 thousand across 2 funding rounds from investors including Kalyan Jewellers, Subram Kapoor and Brijesh Chandwani. The company has 154 employees as of April 09, 2024. Candere operates in a competitive market with competitors including eJohri, Johareez.com, OrnaShine, SILgo and Anantham Precious, among others.
- Headquarter Mumbai, India
- Employees 154 as on 09 Apr, 2024
- Founders Rupesh Jain
- Stage Minicorn
-
Sectors
Retail
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Enovate Lifestyles Private Limited
- Date of Incorporation 31 Dec, 2010
- Jurisdiction Malad West, Maharashtra, India
-
Annual Revenue
$19.01 M (USD)11.73as on Mar 31, 2023
-
Net Profit
-$940.4 K (USD)-383.98as on Mar 31, 2023
-
EBITDA
-$842.6 K (USD)-5154.28as on Mar 31, 2023
-
Total Equity Funding
$638.42 K (USD)
in 2 rounds
-
Latest Funding Round
$261.82 K (USD), Angel Round
Jun 20, 2016
-
Investors
Kalyan Jewellers
& 3 more
-
Employee Count
154
as on Apr 09, 2024
-
Acquired by
Kalyan Jewellers
(Apr 26, 2017)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
People of Candere
Unlock access to complete
Funding Insights of Candere
Candere has successfully raised a total of $638.42K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $261.82 thousand completed in June 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Candere
Candere has secured backing from 4 investors, including angel investors. Prominent investors backing the company include Kalyan Jewellers, Subram Kapoor and Brijesh Chandwani.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
SK
Subram Kapoor |
Angel investor and entrepreneur, focused on tech startups in India.
|
Locked | Locked | Locked |
|
BC
Brijesh Chandwani |
Angel investor and entrepreneur, focused on tech startups, based in India.
|
Locked | Locked | Locked |
|
RJ
Rupesh Jain |
Founder of Good Host Spaces, active angel investor in Indian startups
|
Locked | Locked | Locked |
Investor details for Candere
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Candere
Investment portfolio details for Candere
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Candere
Detailed financials for Candere
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Candere Comparisons
Peer comparison for Candere
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Candere
Candere operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as eJohri, Johareez.com, OrnaShine, SILgo and Anantham Precious, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Precious jewelry and metals are sold via an online marketplace.
|
|
| Locked | Locked | Locked |
Jewellery is offered via online auctions and fixed-price sales.
|
|
| Locked | Locked | Locked |
Online platform for purchasing gold and diamond jewellery items.
|
|
| Locked | Locked | Locked |
Precious silver jewelry for women is retailed online by SILgo.
|
|
| Locked | Locked | Locked |
Sells fine jewelry such as rings, bracelets, pendants, and earrings online.
|
Detailed competitors of Candere
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Candere
Complete news archive for Candere
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Candere
Candere was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Candere is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Candere is a funded company, having raised a total of $638.42K across 2 funding rounds to date.
As of Apr 09, 2024, the latest employee count at Candere is 154.
Annual revenue of Candere is $19.01M as on Mar 31, 2023.
Candere was established in 2012 in Mumbai, India, as an online retailer in the jewellery sector. A range of items, including rings, pendants, necklaces, and bangles, is provided through direct supply chain management from procurement to global delivery. Certification from jewellery rating agencies is ensured for all products. Competitive pricing is maintained by eliminating middlemen and showroom costs. The brand was acquired by Kalyan Jewellers in April 2017.
Candere's top competitors include Johareez.com, SILgo and eJohri.
Candere has 4 investors. Key investors include Kalyan Jewellers, Subram Kapoor, Brijesh Chandwani, and Rupesh Jain.
The valuation of Candere is $1.07M as of Jun 2016.