What is Jaipur Watch Company?
Jaipur Watch Company is a luxury watch brand founded in 2013 by Gaurav Mehta in Jaipur, India. The company provides handcrafted limited edition watches with a mix of Indian heritage and modern designs.
JWC has a unique position in the Indian luxury watch industry, providing high-quality watches that incorporate Indian heritage with modern designs. The company sells its watches on its website, 5-star hotels, and with retail stores located in major cities across India.
Gaurav, is an experienced retail business professional. He has a passion for watches, since he was young and has been successful in building and scaling the brand.
Why this Industry?
The luxury watch industry in India is dominated by foreign brands such as Rolex, Omega, Rado, and Tissot. However, there is a significant opportunity for an Indian luxury watch brand like Jaipur Watch Company to enter the market and carve a niche for itself. The company's unique selling proposition is its handcrafted limited edition watches that incorporate Indian heritage with modern designs. The current trends in the Indian luxury watch industry show that there is a growing demand for unique and exclusive products.
The luxury watch market in India is worth INR 2,500 crores, and Jaipur Watch Company targets people in the age group of 30-60 years with watches starting from ₹ 15k and going up to ₹ 24 lacs.
Why we Invested?
We believe that the Indian luxury watch industry has significant potential, and JWC is uniquely positioned to capitalize on this opportunity. The company's handcrafted limited edition watches provide a unique value proposition to customers who are looking for exclusive and well-designed products.
The company has a strong brand image and a loyal customer base, which provides a solid foundation for future growth. The company has also been extensively covered by leading publications such as NY times and TOI, and has a plethora of celebrities and corporates as its clientele. Additionally, the founder's experience and passion for the industry make him the perfect person to lead the company's growth.