Online retailer for jewellery, CaratLane.com has closed Series C funding amounting to $15 million USD from its existing investor Tiger Global, India Digital Review has learnt from a source. This is company’s third round of funding taking the stake of the investor to $27 million.

New York-based hedge fund had earlier invested $6 million in the online jewellery e-tailer in 2011 followed by Series B of Rs. 30 cr. in March, 2012.  We have reached out to CaratLane.com on the confirmation of the development. We will update the space as soon as we hear from them.

Co-founded in 2008 by Mithun Sacheti who hails from the house of Jaipur Gems, CaratLane is online retailer of solitaires and diamond jewellery.

The company claims to have over 140,000 diamonds of every colour, cut, clarity and carat weight combination, each of which are certified by reputed independent international labs like GIA, IGI, and HRD. In April 2012, CaratLane launched an Experience Lounge, in a first of its kind initiative by an online jewellery retailer in New Delhi. And in October, it launched a similar Experience Lounge in Hyderabad. The Solitaire Experience Lounges are on-ground extensions of the CaratLane online store and helps facilitate transactions by handholding customers through the entire buying process.