Multipl Partners with CaratLane for an Exclusive Monthly Savings Plan

Multipl, a leading platform for savings and investments, has announced an exclusive partnership with CaratLane, India's largest omnichannel jewellery brand. CaratLane will offer a monthly saving plan to Multipl users. 

In the offer, users can save for 4-10 months with Multipl, and get up to 70% of the final month's deposit added to their savings by CaratLane. For instance, if a user wants to buy jewellery worth Rs. 1,60,500, they can save Rs. 15,000 on the Multipl app for 10 months, and save Rs 1,50,000. In the last month, CaratLane will add Rs 10,500 (70% of Rs 15000) to the savings. Similarly, if a user saves Rs. 5000 for 7 months, CaratLane will add Rs 2000 in the 8th month (40% of Rs 5000). CaratLane is one of the savings partners on the Multipl app. 

On the collaboration, Paddy Raghavan, Co-founder and CEO, of Multipl said, " Indians have always been fascinated with buying gold and diamond jewellery. CaratLane is unique in offering high-quality, contemporary jewellery for all occasions. We are excited to partner with CaratLane to offer the traditional gold-saving plan with a modern twist. Multipl is a technology platform that merges modernity with tradition, much like CaratLane. With this partnership, we hope to bring the best of both worlds to users. "

He adds, "Multiplers can now plan and save every month for buying jewellery from CaratLane for their special occasions, and will get up to 15% IRR on their savings. They will also get rewards on Multipl for reinforcing saving as a positive behaviour."

Atul Sinha, Senior Vice President of CaratLane says, “We are elated to collaborate with Multipl, and become a part of the Save Now Buy Later movement. Saving up for jewellery purchases is a major part of Indian tradition. This is probably a sector where SNBL was always preferred. This collaboration will ensure that consumers can get more benefits with this plan. ”

Gold buying is an important aspect of Indian culture and tradition, with the metal considered a symbol of wealth and prosperity. India is one of the largest consumers of gold in the world, and this offer will help Multipl users save up on their jewellery purchases with this offer. To avail of the offer, please visit the Multipl app.