Argos Watches raises ₹6.5 crore in angel funding round at ₹45 crore valuation
Summary
Argos Watches, an Indian luxury watch brand, has raised 6.5 crore in its angel funding round at a valuation of 45 crore from a clutch of high-net-worth Indian investors.The funds raised will be used to double its revenue this financial year and to accelerate product development, expand brand awareness, and enhance its digital presence to reach a wider audience.M Channiwala, Founder of Argos, said, This investment is a strong validation of our vision to bring high-quality, precision-driven mechanical watches to Indian consumers. With the backing of seasoned investors, we are well-positioned to scale our operations, enhance our product offerings, and continue pushing the boundaries of Indian watchmaking. We are proud to introduce Indias first mechanical watch with a power reserve indicator. Olympus represents a perfect harmony between timeless aesthetics and advanced mechanics, designed for collectors and watch lovers who appreciate craftsmanship and innovation.Founded in 2022 by Mustafa Channiwala and Husain Tohfafarosh, Argos Watches follows a pure Direct-to-Consumer (D2C) model, with its current distribution strategy focused exclusively on its owned website. By maintaining a direct relationship with its customers, the brand ensures a seamless shopping experience and upholds its commitment to quality, exclusivity, and craftsmanship.Priced between 8,000 and 20,000, Argos Watches offers premium timepieces that make luxury more accessible to Indian consumers.Recently, Argos Watches has unveiled its latest creation Olympus, Indias first mechanical watch equipped with a power reserve indicator