Jaipur Watch Company

Rajesh Jain, founder of Jaipur Watch Company, comes from watchmaking heritage—his family has been in watch manufacturing for 3 generations in Jaipur. After recognizing that Indian craftsmen make excellent watches but lack brand recognition versus international brands, he created Jaipur Watch Company to celebrate Indian craftsmanship and offer premium watches at competitive prices.

Jaipur Watch Company manufactures premium watches handcrafted by skilled artisans in Jaipur. Watches combine traditional craftsmanship with modern design, featuring unique aesthetics, reliable movements, and premium materials. Each watch tells story of Rajasthani art and culture. Range includes men's watches, women's watches, and heritage collection pieces.

Amount: Rs 75 lakhs | Equity: 10% | Valuation: Rs 7.5 crore

Rajesh presented Indian watch market and opportunity for Indian brand. Emphasized that Indian craftsmen create watches at par with international quality but lack brand awareness. Metrics: 20,000+ watches sold, Rs 3+ crore annual revenue, expanding retail presence, 4.8/5 customer rating, 40% online sales.

Peyush Bansal immediately connected with the brand-building opportunity and Indian craftsmanship. His Lenskart experience gave him credibility to evaluate retail models. He appreciated heritage positioning and premium quality. Anupam Mittal was supportive but raised concerns about scaling handcrafted products.

Peyush offered Rs 75 lakhs for 12% equity. Rajesh countered Rs 75 lakhs for 10% equity emphasizing artisan employment and heritage preservation. Peyush accepted 10% valuing the mission. Deal included retail partnership opportunities through Peyush's network.

Deal Secured: YES | Investment: Rs 75 lakhs | Equity: 10% | Shark: Peyush Bansal