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Gaurav Mehta, Founder, Jaipur Watch Company
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Jaipur Watch Company, India's premier bespoke watch manufacturer, proudly announces a significant milestone—a ₹20 Million investment from esteemed investors Nirav Jogani of Lemon Funds and Jignesh Shah of Dev Diamonds and Lucky Jewellery.
This investment not only reinforces Jaipur Watch Company's commitment to excellence in luxury watch manufacturing but also aligns with its strategic vision to expand and innovate within the luxury markets. The funds will be utilized to establish a dedicated gold watch manufacturing unit and expand the product line with new, innovative designs. It will also help to enhance marketing efforts to reach a wider audience and let them invest in advanced technology and skilled artisans to improve production efficiency.
Gaurav Mehta, Founder, Jaipur Watch Company proudly says " We see this as a strategic partnership that marks a significant phase in our growth. Jignesh Shah brings with him years of invaluable experience in jewellery and watchmaking in precious metals. Nirav Jogani, a well-known face in the finance industry, will bring his sharp acumen to bolster our future plans."
Jignesh Shah who closely watches the growth of Jaipur Watch Company comments
"I have been closely following the journey of Gaurav Mehta and Jaipur Watch Company for some time, and I have always seen potential in the brand. By entering into this partnership, we are set to establish a gold watch manufacturing unit exclusively for Jaipur Watch Company, aiming to enhance its product offerings in the luxury segment."
Nirav Jogani added "As a Chartered Accountant by profession who has worked with numerous startups, I see tremendous potential in the Indian luxury market. Jaipur Watch Company is poised to lead the way in the industry, and I am excited to be a part of this venture."
The funding is expected to set new standards in the luxury watch industry, positioning Jaipur Watch Company and Gaurav Mehta as a global leader in bespoke timepieces.