Titan to acquire e-jewellery store CaratLane
Watch and jewellery maker Titan on Friday announced it will acquire a majority stake in online jewellery store CaratLane for an undisclosed sum, marking Titan's foray into the e-commerce space. The transaction is expected to close in June, the company said in a filing. Founded in 2008, Caratlane has raised a total funding of $52 million from Tiger Global.  