The move by Titan Co. Ltd to acquire a majority stake in jewellery start-up CaratLane Trading Pvt. Ltd will provide a much-needed exit to New York-based investment firm Tiger Global Management, the country’s most prolific start-up investor that has seen some of its bets sour over the past six months or so.
Titan on Friday announced that it will pick up a majority stake in CaratLane and will pay cash to buy the shares.
