Argos Watches raises Rs 6.5 crore in funding round

Argos Watches, a homegrown luxury watch brand has raised Rs 6.5 crore ($7,61,006) in a funding round at a valuation of Rs 45 crore from a host of angel investors.

The company will utilise the funds to accelerate product development, enhance brand awareness, and expand its digital presence to cater to a wider audience across the country.

As part of its luxury portfolio expansion, Argos also launched Olympus, what it claims to be India’s first mechanical watch featuring a power reserve indicator.

Commenting on the funding, M Channiwala, founder of Argos Watches in a statement said, “This investment validates our vision of bringing high-quality, precision-driven mechanical watches to Indian consumers. With strong investor backing, we aim to scale operations and push the boundaries of Indian watchmaking.”

“We are proud to introduce India’s 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,” he added.

Argos Watches operates exclusively through its direct-to-consumer model and sells its collections via its official website.