Mithun Sacheti Age, Wife, Family, Biography & More

Bio/Wiki
Nickname	Micky [1]Mithun Sacheti's LinkedIn Account
Profession	Businessman
Known for	Being the cofounder of the online jewelry marketplace, CaratLane
Physical Stats & More
Eye Colour	Black
Hair Colour	Black
Personal Life
Date of Birth	26 January 1978 (Thursday)
Age (as of 2023)	45 Years
Birthplace	Mumbai, India
Zodiac sign	Aquarius
Nationality	Indian
Hometown	Mumbai, India
College/University	• Indian Institute of Management, Bangalore • Sydenham College of Commerce and Economics, Mumbai • Gemmological Institute of America, California (GIA)
Educational Qualifications	• Indian Institute of Management, Bangalore (2010) • Bachelor of Commerce at Sydenham College of Commerce and Economics, Mumbai • Gemologist certification from the Gemological Institute of America, California (GIA) [2]Your Story
Hobbies	Travelling, Reading jewelry related books
Relationships & More
Marital Status	Married
Family
Wife/Spouse	Anjali Rawat Sacheti
Children	Son- Raghav Sacheti Daughter- Mira Sacheti
Parents	Father- Padam Sacheti (businessman) Mother- Manju Sacheti (businesswoman)
Siblings	Brother- Siddharth Sacheti (businessman)
Favourites
Song	Piano Man by Billy Joel
Character	Shohoi Juge
Gem	Emerald
Cut	Pear
Money Factor
Net Worth (approx.)	$ 2 Billion [3]The Times of India

Some Lesser Known Facts About Mithun Sacheti

• Mithun Sacheti is an Indian entrepreneur. He is the co-founder and managing director of India’s first online jewellery store, CaratLane. Mithun is a certified gemologist from the Gemological Institute of America.

• Mithun Sacheti belongs to a wealthy family in Mumbai. In 1974, Mithun’s parents founded Jaipur Gems in Mumbai.
  

  The logo of Jaipur Gems

• In 2000, Mithun Sacheti started his own Jaipur Gems outlet in Chennai. Mithun, along with Avnish Avnand, co-founded an online jewellery store named CaratLane in 2008.
  

  A young Mithun Sacheti

• CaratLane focused on the growing market for affordable and easy-to-reach jewellery online. Afterwards, CaraLane turned into a brand that used both the internet and physical stores in Bengaluru, Delhi NCR, Hyderabad, Coimbatore, Chennai, and more cities.
  

  An outlet of CaratLane in Mumbai

• According to Mithun Sacheti, initially, his target customers were young women who were successful and could take care of themselves financially.

• In 2015, in a media conversation, Mithun Sacheti stated that he wanted to do something different to flourish his business, and he found that the best solution was to use the internet to reach his customers. He said,
  

  I was a shopkeeper, I started from there. I decided I had to do something differently. The best way to do that was on the internet because you could reach more people online than anywhere else. On the Internet, people can discover a gamut of products sitting in their own homes. And the more they see, the more they buy.”

  

  A snippet of online products by CaratLane

• In February 2023, Mithun Sacheti talked about a dinner he had with Rakesh Jhunjhunwala, a well-known Indian businessman, also known as the Big Bull. According to Mithun Sacheti, this dinner compelled him to establish his own company, CaratLane, which later, earned him a huge success.

• CaratLane is a part of Titan, and Titan’s ownership went up from 71.09 per cent to 98.28 per cent in August 2023. Titan brought about 62 per cent ownership of CaratLane in 2016 from its previous investors, Tiger Global.
  

  CaratLane in partnership with Tata’s TaniSHQ

• In August 2023, Tata Group’s company, Titan, which sells watches and jewellery, announced on its online portals that it will buy an additional 27.18 per cent stake in Mithun Sacheti’s CaratLane. Reportedly, soon after the deal, Mithun Sacheti and his company earned Rs. 4621 crores in cash from this agreement. ^[4]Live Mint With this acquisition, Titan became the owner of 98.28 per cent shares in CaratLane. Reportedly, this is the second largest exit for a founder, following Sachin Bansal and Binny Bansal of Flipkart.

• Mithun Sacheti likes enjoying alcoholic beverages occasionally.
  

  Mithun Sacheti (right) posing with a bottle of beer