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
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Enovate Lifestyles Private Limited
- Date of Incorporation 31 Dec, 2010
- Jurisdiction Malad West, Maharashtra, India
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Annual Revenue
$19.01 M (USD)11.73as on Mar 31, 2023
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Net Profit
$-940.4 K (USD)-383.98as on Mar 31, 2023
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EBITDA
$-842.6 K (USD)-5154.28as on Mar 31, 2023
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Total Equity Funding
$638.42 K (USD)
in 2 rounds
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Latest Funding Round
$261.82 K (USD), Angel Round
Jun 20, 2016
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Investors
Kalyan Jewellers
& 3 more
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Employee Count
154
as on Apr 09, 2024
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Acquired by
Kalyan Jewellers
(Apr 26, 2017)
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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 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 Total Funding
- Total Rounds 2
- Last Round Angel Round — $261,823
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First Round
First Round
(25 Nov 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2016 | Amount | Angel Round - Candere | Valuation | Brijesh Chandwani | |
| Nov, 2015 | Amount | Angel Round - Candere | Valuation | Subram Kapoor , Brijesh Chandwani |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
SK
Subram Kapoor |
Angel investor and entrepreneur, focused on tech startups in India.
|
Founded Year | Domain | Location |
|
BC
Brijesh Chandwani |
Angel investor and entrepreneur, focused on tech startups, based in India.
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Founded Year | Domain | Location |
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RJ
Rupesh Jain |
Founder of Good Host Spaces, active angel investor in Indian startups
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Candere
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Candere
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Candere Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Precious jewelry and metals are sold via an online marketplace.
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| domain | founded_year | HQ Location |
Jewellery is offered via online auctions and fixed-price sales.
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| domain | founded_year | HQ Location |
Online platform for purchasing gold and diamond jewellery items.
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| domain | founded_year | HQ Location |
Precious silver jewelry for women is retailed online by SILgo.
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| domain | founded_year | HQ Location |
Sells fine jewelry such as rings, bracelets, pendants, and earrings online.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Candere
Frequently Asked Questions about Candere
When was Candere founded?
Candere was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is Candere located?
Candere is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Candere a funded company?
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 25, 2015.
How many employees does Candere have?
As of Apr 09, 2024, the latest employee count at Candere is 154.
What is the annual revenue of Candere?
Annual revenue of Candere is $19.01M as on Mar 31, 2023.
What does Candere do?
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.
Who are the top competitors of Candere?
Candere's top competitors include Johareez.com, SILgo and eJohri.
Who are Candere's investors?
Candere has 4 investors. Key investors include Kalyan Jewellers, Subram Kapoor, Brijesh Chandwani, and Rupesh Jain.
What is Candere's valuation?
The valuation of Candere is $1.07M as of Jun 2016.