What is Jaipur Watch Company?
Jaipur Watch Company is a premium watch brand that offers micro luxury watches to its customers. It produces limited watches where it showcases different significant events in India.
Who is the Founder of Jaipur Watch Company?
Gaurav Mehta is the founder of Jaipur Watch Company. He’s 38 years old. He completed his MS in risk management. He started an insurance broking firm.
He’s a watch enthusiast himself. He has 300+ watches in his collection. He’s a coin collector also.
He made a watch using a coin back in 2012. He started wearing that watch. A lot of people liked the watch and that’s when he thought of making the Jaipur Watch Company.
Jaipur Watch Company Before Shark Tank India?
He started the company in 2013. A lot of well-known people are currently using their watches. He does the initial design of the watches.
Jaipur Watch Company makes two types of watches. Pret and Bespoke.
Pret is the premade collection. Bespoke is the gold watches. The company does customized bespoke watches also.
How much money did he ask for on the pitch?
He came to Shark Tank India seeking ₹50 Lakhs for 2% equity in the company Jaipur Watch Company. Which gives the company a valuation of ₹25 Crores.
How to get Jaipur Watch Company watches?
You can simply go to their brand website and order one. The watches are also available in different marketplaces.
If you live in Jaipur, you can visit their store and buy physically. They also sell their watches in 8 five-star hotels. They do corporate gifting also.
Unit Economics of Jaipur Watch Company
Price of Jaipur Watch Company watches
|₹20000 ~ ₹55000
|₹1.5 ~ ₹24 Lakhs
What are the Annual Sales of Jaipur Watch Company?
|2021 – 2022
|2022 – 2023
|₹4 Crores Projected
Sales split of Jaipur Watch Company
Which shark gave Jaipur Watch Company an offer?
Aman Gupta was out. He agreed to help him build a big brand but outside of Shark Tank India.
Amit Jain was out. He thought having an exit from this company would be difficult.
Namita Thapar was out. She thought there’d be issues scaling the business.
Anupam Mittal was out. He thought the company wasn’t investable. He thought the founder was confused.
Peyush Bansal was out. He advised him to open more stores and work on the branding.
What deal did Jaipur Watch Company get in Shark Tank India?
Jaipur Watch Company didn’t get any deal in Shark Tank India.
|Jaipur Watch Company
|₹50 Lakhs for 2%
|Company Net Worth
What is the net worth of Jaipur Watch Company?
The net worth of Jaipur Watch Company is ₹25 Crores.
Is Jaipur Watch Company still in Business?
Yes, Jaipur Watch Company is still in the luxury watch business.