Archive · 3 Sep 2025
Warburg Pincus Eyes Stake in Kalyan Jewellers' Candere Brand
Imagine a jewelry company, Kalyan Jewellers, that has a brand called Candere.
A big investment company, Warburg Pincus, is thinking about buying a part of Candere.
Warburg Pincus used to own part of Kalyan Jewellers before.
This would mean that Warburg Pincus would provide money to Candere.
Candere plans to open many more stores, using a franchise model, which means they let other people open stores under the Candere name.
Candere focuses on selling lifestyle jewelry.
Many other jewelry companies have also received investments recently.
Warburg Pincus is in talks to acquire a stake in Kalyan Jewellers' Candere.
The potential deal could be worth Rs 800-850 crore for about 10% of Candere.
Candere, a lifestyle jewelry brand, is expanding its store footprint through franchises.
Kalyan Jewellers expects revenue growth and profit growth over the next few years.
Candere's value has grown significantly since Kalyan Jewellers acquired a stake in 2017.
- Who
- Warburg Pincus and Kalyan Jewellers
- What
- Discussions for Warburg Pincus to acquire a stake in Candere
- When
- As of Wednesday morning
- Where
- Focusing on the lifestyle brand Candere
- Why
- To facilitate Candere's expansion
- Potential Deal
- Warburg Pincus may acquire ~10% stake in Candere for Rs 800-850 crore
- Candere's Focus
- Lifestyle jewelry, expanding through franchises
- Kalyan Jewellers' Expansion
- Adding 80-90 Candere stores via franchise model
- Candere's Founding
- Founded in 2013 as an online retailer
- Warburg Pincus' History
- Previous investor in Kalyan Jewellers (2014-2024)
- Recent Investment in Giva
- Rs 530 crore from various investors