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 506 Sej Plaza, Marve Road, Nr. Nutan Vidya Mandir School, Malad West Dely, Mumbai, Malad West, Maharashtra, India, 400064.

Which legal entities is Candere associated with?

Candere is associated with CANDERE LIFESTYLE JEWELLERY PRIVATE LIMITED.

How many employees does Candere have?

As of Aug 31, 2025, Candere has 360 employees, reflecting a 240% year-over-year growth in headcount.

Is Candere a funded company?

Candere is a funded company, having raised a total of $638K across 2 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Nov 25, 2015.

How much is Candere worth?

The last known valuation of Candere was $***** as of Apr 26, 2017.

When was the latest funding round of Candere?

Candere's latest funding was a $***** Angel round on Jun 20, 2016, with participation from 3 investors. Its primary sector is Fashion Tech. In India, the Fashion Tech sector has seen $168M in funding in 2026 to date.

What is the annual revenue of Candere?

Annual revenue of Candere is ₹169Cr as on Mar 31, 2025.

Where does Candere rank among its competitors?

Candere ranks 1st amongst 2 active competitors, none of which are funded.

Candere - 2026 Company Profile, Team, Funding, Competitors & Financials

Q: Is Candere an acquired company?

Candere got acquired by Kalyan Jewellers on Apr 26, 2017.

Company Details

Online retailer of gold and diamond jewellery for various occasions. They offer rings, necklaces, pendants, earrings, bracelets, and bangles. The business provides certified jewellery with options for lifetime exchange and refunds. Customers can shop by category, including rings, necklaces, pendants and earrings.

Website: www.candere.com/
Social
Email ID: *****@candere.com
Phone Number: +91 **********
Part Of
Registered Address: 506 Sej Plaza, Marve Road, Nr. Nutan Vidya Mandir School, Malad West Dely, Mumbai, Malad West, Maharashtra, India, 400064

Key Metrics

Founded Year

2012

Location

Mumbai, India

Stage

Acquired

Total Funding

$638K in 2 rounds

Latest Funding Round

Angel, Jun 20, 2016, $*****

Last Known Valuation

$***** as on Apr 26, 2017

Investors

Brijesh Chandwani & 3 more

Ranked

1^st among 2 active competitors

Annual Revenue

₹169Cr as on Mar 31, 2025

Employee Count

360 as on Aug 31, 2025

Similar Companies

The Pearl Source & 30 more

Exit Details

Acquired by Kalyan Jewellers (Apr 26, 2017)

View Candere's full profile

Candere is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
CANDERE LIFESTYLE JEWELLERY PRIVATE LIMITED CIN: U74900MH2010PTC211692 , India, Active	Dec 31, 2010	$20M (As on Mar 31, 2025)	360 (As on Aug 31, 2025)

Candere got acquired by Kalyan Jewellers on Apr 26, 2017 at an acquisition amount of $*****.

Click here to take a look at Candere's acquisition in detail

Candere has raised a total funding of $638K over 2 rounds. Its first funding round was on Nov 25, 2015. Its latest funding round was a Angel round on Jun 20, 2016 for $*****. 3 investors participated in its latest round. Candere has 1 institutional investor and 3 angel investors.

Here is the list of recent funding rounds of Candere:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 20, 2016	6518522	Angel	3431426	6834887	3932635	8557765
Nov 25, 2015	7539632	Angel	8570522	2296924	Subram Kapoor & 1 more	9734393

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View details of Candere's funding rounds and investors

The founders of Candere are Rupesh Jain and Ashish Bajaj.

Here are the details of Candere's key team members:

Rupesh Jain: Former Co-Founder of Candere. They are also an angel investor in 1 startup.
Ashish Bajaj: Co-Founder and CEO of Candere.

Candere's Board of Directors

Candere's board has 3 active members. Sanjay Raghuraman, Ramesh Kalyanaraman and Trikkur Seetharaman Anantharaman are part of team.

Here is the list of Candere's board of directors:

Name	Type	Representing	Status	Duration
Sanjay Raghuraman	Team	-	Current	8y 7m
Ramesh Kalyanaraman	Team	-	Current	1y 1m
Trikkur Seetharaman Anantharaman	Team	-	Current	3y 1m

View details of Candere's Founder profiles and Board Members

Candere's employee count trend

Candere has 360 employees as of Aug 25. The total employee count is 240.0% more than what it was in Aug 24. Here is Candere's employee count trend over the years:

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Top competitors of Candere include Soncur. Here is the list of Top 10 competitors of Candere, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Candere 2012, Mumbai (India), Acquired	Online retailer of gold and diamond jewellery for various occasions	$638K	Singularity Strategic Holdings & 3 others	67/100
2nd	Soncur 2020, Pune (India), Unfunded	Provider of personalized jewelry designed from sound, offering hyper-personalized products for immortalizing relationships	-	-	16/100

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Looking for more details on Candere's competitors? Click here to see the top ones

Founders own 42.00% and Angels (largest shareholder) own 58.00%. The net worth of Candere's founders is INR 3.04Cr as of Jun 20, 2016.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	42.00%	3.04Cr	4797173	7632821	5616840	4397932
Rupesh Jain	6683503	2772425	6183037	2619664	9497007	4283770
Angel	58.00%	4.2Cr	4397453	5215585	9982269	6586962
Brijesh Chandwani	6051581	4642635	8864666	5536465	9760679	3814004
Subram Kapoor	3472497	1870900	5895075	8831386	7221871	7025123
Total	100.00%	7.25Cr	1480046	6866815	7682763	7991440