Kalyan Jewellers acquires online jewellery firm Candere

Kerala-based Kalyan Jewellers has announced the acquisition of online jewellery firm Candere.

The company said the acquisition would augment Kalyan Jewellers presence in the growing online jewellery segment in India. “Kalyan Jewellers will acquire the equity held by Singularity Strategic, the family office of Brijesh Chandwani and Subram Kapoor.”

“As part of the transaction Kalyan Jewellers will complete a phase wise acquisition of the equity held by founder promoter Rupesh Jain, apart from making a significant investment into the company, to drive its next phase of business,” the company said in a release here.