In CaratLane’s Sacheti, underdog Chennai wins big, again
The jewellery firm founder’s successful exit shines a light on the Tamil Nadu capital’s startup track record; separately, Reliance may be getting ready to decide on Dunzo.
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From a reality check on valuations to frauds and breakups, 2023 has so far been a tough year for India’s startup ecosystem. While most of us have a tendency to overdo both the doomsday and exuberance scenarios, last week’s news of Titan buying out Mithun Sacheti’s remaining stake in CaratLane for $560 million is a much-needed outcome for the ecosystem.
Beyond the grit and patience story that’s gone into creating this outcome, I think a few other points merit attention.
A. I can’t seem to shake off how the CaratLane outcome is a big win for the Tamil …
Author
Ashish K. MishraAshish is the editor-in-chief of The Morning Context. One of the best-known business feature writers in India, he was selected for Germany’s Robert Bosch Stiftung Fellowship in 2012 and received the Mumbai Press Club RedInk certificate of recognition in 2015 for his story “Inside the Network 18 takeover”. Before joining The Morning Context, Ashish co-founded The Ken, where he was managing editor. His previous writing stints include Mint, Forbes India and The Economic Times.
Editor-in-chief
ashish@mailtmc.com
London
Author
Harveen AhluwaliaHarveen is a co-founder at The Morning Context, and leads our Internet coverage. She has previously worked as a media, consumer and tech reporter at The Ken and Mint. At The Morning Context, she writes on startups, venture capital, consumer and media businesses across India and the Middle East—from e-commerce to healthtech to streaming.
Editor, Internet
harveen@mailtmc.com
Dubai