Candere - About the company
Candere is an acquired company based in Mumbai (India), founded in 2012 by Rupesh Jain. It operates as an Online retailer of gold and diamond jewellery for various occasions. Candere has raised $638K in funding, with last known valuation of $*****. The company has 484 active competitors, including 27 funded and 6 that have exited. Its top competitors include companies like BlueStone, Palmonas and CaratLane.
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 **********
- 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
Last Known Valuation
$***** as on Apr 26, 2017
Investors
Ranked
5th among 484 active competitors
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2025
Employee Count
360 as on Aug 31, 2025
Exit Details
Acquired by Kalyan Jewellers (Apr 26, 2017)
Legal entities associated with Candere
Candere is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
CANDERE LIFESTYLE JEWELLERY PRIVATE LIMITED CIN: U74900MH2010PTC211692 , India, Active | Dec 31, 2010 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | 360 (As on Aug 31, 2025) |
Candere's acquisition details
Candere got acquired by Kalyan Jewellers on Apr 26, 2017.
Click here to take a look at Candere's acquisition in detail
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Candere's funding and investors
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 | 4332023 | Angel | 7689369 | 8933802 | 8529702 | 8431386 |
Nov 25, 2015 | 1663841 | Angel | 6103187 | 5896319 | 6025629 |
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Candere's founders and board of directors
Founder? Claim ProfileThe founders of Candere is Rupesh Jain.
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.
Candere's Board of Directors
Candere's board has 3 active members. Sanjay Raghuraman, Ramesh Trikkur Kalyanaraman and Trikkur Seetharaman Anantharaman are part of team.Here is the list of Candere's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 9y 6m | |
Team | - | Current | 1y 7m | |
Team | - | Current | 4y 0m |
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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Candere's Competitors and alternates
Top competitors of Candere include BlueStone, Palmonas and CaratLane. Here is the list of Top 10 competitors of Candere, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Retailer of fine jewellery including gold, diamond, and gemstone designs | $228M | 82/100 | ||
2nd | Online retailer of demifine jewellery crafted with gold and silver | $47.3M | 78/100 | ||
3rd | Internet-first brand offering precious jewelry products for men and women | $57.9M | 75/100 | ||
4th | Mia By Tanishq 2011, Bengaluru (India), Unfunded | Internet first brand of fine jewellery | - | - | 67/100 |
5th | Online retailer of gold and diamond jewellery for various occasions | $638K | 66/100 | ||
6th | Internet-first brand offering precious jewelry | $88.3M | 56/100 | ||
7th | Manufacturer of gold vermeil jewellery featuring sterling silver cores and multi-layer gold plating | $608K | 53/100 | ||
8th | Online retailer of high-quality silver jewelry | $87.7K | 53/100 | ||
9th |  Lucira Jewelry 2025, Mumbai (India), Seed | Retailer of lab grown diamond jewelry including rings and necklaces | $5.5M | 52/100 | |
10th |  Kicky & Perky 2022, Jaipur (India), Unfunded | Retailer of sterling silver jewellery and accessories | - | - | 50/100 |
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Financials of CandereFY 25 Available
CANDERE LIFESTYLE JEWELLERY PRIVATE LIMITED, the legal entity associated with Candere, generated between ₹100 Cr and ₹500 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of CANDERE LIFESTYLE JEWELLERY PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 29% in the last 1 year.
Financial Statement Summary
Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
Income Statement | |||||
Revenue | 3665 | 4959 | 5107 | 2328 | 7664 |
Total Sales | 5420 | 7833 | 5613 | 7123 | 3394 |
Total Expenses | 3534 | 6365 | 6215 | 8816 | 2056 |
Operating Expenses | 4821 | 1555 | 5019 | 4697 | 8361 |
Employee Expenses | 7820 | 9623 | 5926 | 7314 | 6965 |
Marketing Expenses | 8690 | 7084 | 5140 | 4812 | 5999 |
Operating Income (EBIT) | 3977 | 2095 | 2666 | 9157 | 4430 |
Interest Expenses | 7037 | 1724 | 8739 | 1005 | 6358 |
Expenses from other activities | 4924 | 8320 | 7142 | 2352 | 6951 |
EBITDA | 7034 | 5209 | 4777 | 5797 | 6457 |
Taxes | 4892 | 4792 | 2420 | 5991 | 4270 |
Net Profit | 9135 | 1863 | 8090 | 7526 | 1107 |
Balance Sheet | |||||
Assets | 4383 | 3820 | 1288 | 9317 | 7921 |
Cash Equivalent | 4550 | 1903 | 4011 | 5417 | 6410 |
Accounts Receivables | 5473 | 8827 | 9784 | 5228 | 3394 |
Inventory | 4722 | 3072 | 6684 | 4671 | 7090 |
Liabilities | 6490 | 1583 | 9208 | 8319 | 8596 |
Total Debt | 5586 | 4196 | 1062 | 6699 | 1723 |
Accounts Payable | 4538 | 6219 | 7659 | 2032 | 2900 |
Equities | 4848 | 2666 | 6180 | 5085 | 3594 |
Cashflow Statement | |||||
Cash from Operating activities | 1293 | 1641 | 5385 | 9704 | 7387 |
Cash from Investing activities | 1267 | 3914 | 1741 | 7189 | 8375 |
Net cash from Financing activities | 1500 | 3069 | 5427 | 4919 | 7407 |
Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)
Candere's Investments and acquisitions
Candere has made no investments or acquisitions yet.
Reports related to Candere
Here is the latest report on Candere's sector:
News related to Candere
Filter this listMedia has covered Candere for a total of 3 events in the last 1 year, 3 of them have been about company updates.
•
•
Candere Expands Retail Footprint In Maharashtra With Three New StoresMedia Bulletins•Jan 06, 2026•Candere
•
Candere Expands Its Footprint In Karnataka With Four New Store LaunchesMedia Bulletins•Jan 05, 2026•Candere
•
Robust festive, wedding demand fuels 30% sales surge for Kalyan Jewellers in July-Sept periodNew Indian Express•Oct 06, 2025•Candere
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•
Kalyan Jewellers' revenue up 31% in Q1 FY26, Candere up 67%Indiatimes•Jul 07, 2025•Kalyan Jewellers, Candere
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•
Candere by Kalyan Jewellers Introduces a Modern Classic: The Orbit Diamond Collar NecklaceAsian News International•May 29, 2025•Candere
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Candere bolsters Maharashtra retail presence with Dombivli openingFashion Network•Feb 17, 2025•Candere
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