About Candere
Candere is a Retail company based in Mumbai (India) founded in 2012 by Rupesh Jain, and was acquired by Kalyan Jewellers in April 2017. Jewellery products are offered online via a private label brand. 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. Candere was last valued at $1.07 million in June 2016. Its website candere.com draws about 4.1 million monthly visits. Its Indian entity Candere Lifestyle Jewellery Private Limited reported revenue of ₹169 Cr. Its focus areas include Consumer, Fashion Tech, B2C Commerce and Accessories. Its competitors include eJohri, Johareez.com and OrnaShine; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Headquarters Mumbai, India
- Employees 154
- Founders Rupesh Jain
- Stage Acquired
- SectorsRetail
- Website category Lifestyle · Jewelry and Luxury Products
- Website candere.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Kalyan Jewellers (Apr 2017)
- Legal Name Enovate Lifestyles Private Limited
- Date of Incorporation 31 Dec, 2010
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹169 Cr
FY 2025 · +29% YoY
- Net Loss-₹24.74 Cr
FY 2025 · -15% margin
- EBITDA-₹1.61 Cr
FY 2025 · -1% margin
- Total Equity Funding$638.42K (USD)
in 2 rounds
- Latest Funding Round$261.82K (USD), Angel Round
Jun 2016
- InvestorsKalyan Jewellers
& 3 more
- Employee Count154
- Acquired byKalyan Jewellers
(Apr 2017)
Associated legal entities of Candere
Candere operates through Candere Lifestyle Jewellery Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Candere Lifestyle Jewellery Private Limited CIN U74900MH2010PTC211692 | Active | 31 Dec 2010 | Mumbai, Maharashtra | ₹169 Cr | 154 | 8 | View details |
Apps and channels of Candere
its YouTube channel Candere by Kalyan Jewellers has 286K subscribers and 30 videos.
Videos from Candere
The most watched videos on Candere's YouTube channel, Candere by Kalyan Jewellers (286K subscribers). Click a video to play it here.
More on Candere by Kalyan Jewellers.
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.
- Total Funding $638,416
- Total Rounds 2
- Last Round Angel Round — $261,823
- First Round $376,593
(Nov 2015)
- Investors Count 3
All 2 funding rounds of Candere with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2016 | $261,823 | Angel Round | $1.07M | Brijesh Chandwani | |
| Nov 2015 | $376,593 | Angel Round | $826,998 | Subram Kapoor, Brijesh Chandwani | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2016 | $1.07M | •••••••• |
Last known valuation $1.07M (Jun 2016). 4 investors in total: 1 institutional and 3 angel.
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. | unknown_ee515081d9044088b | ||
BC Brijesh Chandwani | Angel investor and entrepreneur, focused on tech startups, based in India. | unknown_13d2233685034d15a | ||
RJ Rupesh Jain | Founder of Good Host Spaces, active angel investor in Indian startups | unknown_995b56f930244f98a | ||
Jewellery is retailed via stores and an online platform. | 1993 | kalyanjewellers.net | Thrissur, India |
Investor details for Candere
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Board of directors of Candere Lifestyle Jewellery Private Limited (Candere)
Candere Lifestyle Jewellery Private Limited is the primary company behind Candere. The board of Candere Lifestyle Jewellery Private Limited currently have 8 directors; the longest-serving is Sanjay Raghuraman, appointed in 2017. 16 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sanjay Raghuraman DIN 06539868 | Managing Director | 28 Apr 2017 | 9 yrs 6 mo | Candere Lifestyle Jewellery Private Limited |
| Arun Sankar DIN 07789078 | Director | 28 Apr 2017 | 9 yrs 6 mo | Candere Lifestyle Jewellery Private Limited |
| Anil Sadasivan Nair DIN 08327721 | Director | 01 Nov 2022 | 4 yrs | Candere Lifestyle Jewellery Private Limited |
| Trikkur Anantharaman Seetharaman DIN 00480136 | Director | 01 Nov 2022 | 4 yrs | Candere Lifestyle Jewellery Private Limited |
| Chathamur Raman Rajagopal DIN 08853688 | Director | 01 Dec 2024 | 1 yr 11 mo | Candere Lifestyle Jewellery Private Limited |
| Ramesh Trikkur Kalyanaraman DIN 01021868 | Director | 25 Mar 2025 | 1 yr 7 mo | Candere Lifestyle Jewellery Private Limited |
| Seetharam Trikkur Kalyanaraman DIN 01021898 | Director | 25 Mar 2025 | 1 yr 7 mo | Candere Lifestyle Jewellery Private Limited |
| Retnavilasam Gopinathan Nair Jishnu DIN 10235200 | Company Secretary | 05 Nov 2025 | 1 yr | Candere Lifestyle Jewellery Private Limited |
People of Candere
7 people are tracked at Candere (2 in leadership, 5 in team); the tracked headcount is 154.
| Name | Role | Group |
|---|---|---|
| Co-Founder & COO | Leadership | |
Trupti Morone | Head - Branding | Leadership |
Yash Dubey | Associate Ui/ux Designer | Team |
Subhash Adidravidar | Operation Executive (e-commerce) | Team |
Ashutosh Yadav | Digital Marketing Specialist | Team |
ROHAN RANE | Assistant Manager - Omnichannel | Team |
Shaikh Shahrukh | Search Engine Optimization Specialist | Team |
Complete people profiles for Candere
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Financials of Candere
Figures of Candere Lifestyle Jewellery Private Limited, the primary company behind Candere, for FY 2025. Revenue was ₹169 Cr (+29% year on year). Net loss was -₹24.74 Cr (-15% margin). EBITDA was -₹1.61 Cr (-1% margin). Revenue has grown at a compounded annual rate of +6% over three years and +24% over five years.
- ₹169 CrRevenue · FY 2025 · +29% YoY
- -₹24.74 CrNet loss · -15% margin
- -₹1.61 CrEBITDA · -1% margin
- ₹38.2 LakhPaid-up capital
- 154Employees (provident fund records)
- +6%Revenue CAGR, 3 years
- +24%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Candere Lifestyle Jewellery Private Limited are on its company page.
Detailed financial statements for Candere
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Candere
5 dated milestones of Candere across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Candere is founded.
- Funding First funding round of $377K.
- Funding Latest funding round, Angel Round, of $262K.
- Milestone Reaches Minicorn status.
- Exit Acquired by Kalyan Jewellers.
Competitors of Candere
Candere has 3 listed competitors in our database, 1 of them funded. They include eJohri, Johareez.com and OrnaShine.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ejohri.com | 2015 | Mumbai, India | $2.43M | 2 | Precious jewelry and metals are sold via an online marketplace. | |
| johareez.com | 2005 | Jaipur, India | 12 | Jewellery is offered via online auctions and fixed-price sales. | ||
| ornashine.com | 2016 | Agra, India | Online platform for purchasing gold and diamond jewellery items. |
Detailed competitors of Candere
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Web traffic of Candere
The website of Candere (candere.com) receives about 4.1M visits a month and ranks #27,167 among all websites worldwide, #1,307 in Jewelry and Luxury Products.
- Monthly visits4.1M
▲ 101.1% vs previous month
- Unique visitors1.3M
per month
- Global rank#27,167
among all websites
- Category rank#1,307
Lifestyle · Jewelry and Luxury Products
- Bounce rate45%
- Pages per visit3.1
- Average visit1 min 23 sec
- DevicesDesktop 10% · Mobile 90%
Websites whose visitors overlap most with Candere. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bluestone.com | 100% | 3.4M | #15,816 | View details | |
| kalyanjewellers.net | 92% | 3.4M | #25,706 | View details | |
| tanishq.co.in | 88% | 9.3M | #8,155 | View details | |
| caratlane.com | 86% | 5.1M | #10,738 | View details | |
| malabargoldanddiamonds.com | 79% | 4.9M | #13,281 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Candere
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Top companies in Fashion & Lifestyle E-Commerce
3 companies that operate in the same segment as Candere (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.04 B | USD 939.4 M | 18,984 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 639.15 M | 1,031 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 144.58 M | USD 32.66 M | 711 |
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Related news about Candere
Complete news archive for Candere
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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. The company's 1st funding round was a Angel Round of $376.59K, raised on Nov 2015.
Candere has 154 employees.
The primary company behind Candere, Candere Lifestyle Jewellery Private Limited, reported revenue of ₹169 Cr for FY 2025, up 29% year on year.
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, eJohri and OrnaShine.
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.
Candere operates through Candere Lifestyle Jewellery Private Limited.
Yes. Candere was acquired by Kalyan Jewellers in April 2017.
The legal entities of Candere currently have 8 directors, including Ramesh Trikkur Kalyanaraman, Seetharam Trikkur Kalyanaraman, Sanjay Raghuraman and others.