Latest news with #AnkurDaga
Bloomberg
09-05-2025
- Business
- Bloomberg
Bloomberg Surveillance: Markets and Trade
Watch Tom and Paul LIVE every day on YouTube: Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney May 9th, 2025 Featuring: 1) Sarah Ponczek, Portfolio Manager at UBS, on company paralysis and whether market sentiment is really changing after the single trade deal with the UK. Investors nvestors are focused on the outcome of the weekend trade talks between China and the US, as the Trump administration is considering a significant tariff reduction in talks with China to ease economic pain and de-escalate tensions. 2) Shana Sissel, founder & CEO of Banrion Capital Management, brings us into the market open and talks about caution and opportunity in AI & tech. It comes as the S&P 500 briefly topped its April 2 high, led by economically-sensitive sectors, while Treasury yields surged as traders pared bets on interest-rate cuts. 3) Joanna Gallegos, co-Founder at BondBloxx, talks about why fixed income needs to be a bigger part of investor portfolios, as long as investors are precise in their pickings, and talks about risks being signaled in the bond market. The market could be pricing in de-escalation at this weekend's US-China talks. If there's no such positive message, global markets could be hit hard Monday. 4) Ankur Daga, CEO and founder at Angara, discusses US/India tariffs implications for the diamond market and how CEOs are strategizing amid tariff uncertainty. It comes as US Secretary Howard Lutnick mentioned a potential future tarde agreement with India, but noted that it will require a lot of work, with around 7,000 lines of tariffs to be changed or modified. 5) Lisa Mateo joins with the latest headlines in newspapers across the US, including a WSJ story on a Soviet spacecraft falling back to Earth and Bloomberg's report on Costco monthly payment plans.
Fashion Network
28-04-2025
- Business
- Fashion Network
US jewellery brand Angara launches in Indian market
US-based fine jewellery label Angara has officially launched in India with a digital-first approach and plans to establish a physical retail presence in the country over the coming months to connect with Indian shoppers. 'India's jewellery market is at a fascinating inflection point," said Angara's founder and CEO Ankur Daga, India Retailing reported. "We have spent nearly two decades perfecting the online jewellery shopping experience for customers across the world, combining centuries of expertise with state-of-the-art technology. Now, we bring that experience to India, offering exceptional quality, unmatched customisation, and designs that celebrate individuality." Angara plans to open experiential spaces in India to complement its online platform and boost customer engagement. The brand's omnichannel expansion into India is part of its ambition to become a $1 billion enterprise within the coming five years. The label specialises in colourful gemstone jewellery, according to its Facebook page. Founded in 2005 by Indian-origin entrepreneurs Ankur and Aditi Daga, Angara draws from a 300-year family history in gemstone craftsmanship. With operations in the US, UK, and Australia, and additional offices in Ireland, Canada, and Thailand, the brand has served over one million customers globally to date. The business currently operates without external funding and has scaled into a $100 million business.
Business Mayor
25-04-2025
- Business
- Business Mayor
US-based gemstones brand Angara enters India; eyes Rs 1,000 crore revenue by 2030
Angara, a US-based fine jewellery brand, has entered the Indian market after expanding its presence in global markets like the US, UK, and Australia. It is eyeing India to become a Rs 1,000+ crore market for the brand by 2030, Ankur Daga, founder and CEO of Angara, told ETRetail. In addition to its U.S headquarters, the brand also has offices and facilities in Ireland, Canada, and Thailand, and caters to over 1 million customers worldwide. 'We are entering India at a time when consumers are shifting away from conventional, mass-produced designs and embracing personalised, investment-worthy pieces that reflect their unique stories,' he asserted. 'India is one of the two largest jewellery markets globally, alongside the U.S. The jewellery market in India is growing at 10-15 per cent CAGR, and gemstone jewellery currently accounts for only 2 per cent of India's market, diamonds 10 per cent, and the remainder is predominantly gold. We aim to grow gemstone jewellery to 20 per cent of market share in the next 10 years, aiming to own this category,' he further added. The vertically integrated online brand will be betting big on its digital-driven approach and AI-driven recommendations, along with an omnichannel approach in India. Almost 6 months back, the brand did a soft online launch in India, and its revenue during this period has already crossed Rs 10 crore. At present, it clocked 60 per cent of its sales from tier II-IV markets. 'We achieved contribution margin profitability within 2 months of the launch, and our average ticket size stood at more than Rs 50,000,' he asserted. 'Going ahead, we plan to invest $2 million in India to open 100 stores, factory set up, and inventory,' he further added. These 100 stores will be a blend of company-owned and franchised outlets The first store of the brand will be opening in Jaipur, spanning across 700-1,000 and the CAPEX will stand at approx. Rs 2 crore. 'After Jaipur, we will be opening stores in markets like Bengaluru, Mumbai, and Delhi, and post that we plan to penetrate deeper into tier II-IV markets,' he explained. At present, 75 per cent of the revenue of the brand is contributed by the U.S., followed by the U.K., Australia, and Canada. Globally, it has been growing 30 per cent year-on-year for the last 10 years and claims to be profitable for the last 15 years. The bootstrapped brand crossed $10 million in revenue by 2016 and $100 million in revenue by 2021, and is targeting a $1 billion revenue globally by the end of the decade. India is expected to contribute 25–30 per cent of the global revenue of the brand by 2030–35. 'By 2030, online is expected to contribute 35 per cent of our sales and the remaining 65 per cent is expected to come from the offline channel. By 2035, we are eyeing a 50:50 split,' he stated. Founded in 2005 by Indian-origin entrepreneurs Ankur and Aditi Daga, the brand carries forward their family's 300-year legacy of gemstone expertise.
Fashion Network
25-04-2025
- Business
- Fashion Network
US jewellery brand Angara launches in Indian market
US-based fine jewellery label Angara has officially launched in India with a digital-first approach and plans to establish a physical retail presence in the country over the coming months to connect with Indian shoppers. 'India's jewellery market is at a fascinating inflection point," said Angara's founder and CEO Ankur Daga, India Retailing reported. "We have spent nearly two decades perfecting the online jewellery shopping experience for customers across the world, combining centuries of expertise with state-of-the-art technology. Now, we bring that experience to India, offering exceptional quality, unmatched customisation, and designs that celebrate individuality." Angara plans to open experiential spaces in India to complement its online platform and boost customer engagement. The brand's omnichannel expansion into India is part of its ambition to become a $1 billion enterprise within the coming five years. The label specialises in colourful gemstone jewellery, according to its Facebook page. Founded in 2005 by Indian-origin entrepreneurs Ankur and Aditi Daga, Angara draws from a 300-year family history in gemstone craftsmanship. With operations in the US, UK, and Australia, and additional offices in Ireland, Canada, and Thailand, the brand has served over one million customers globally to date. The business currently operates without external funding and has scaled into a $100 million business.
Time of India
25-04-2025
- Business
- Time of India
US-based gemstones brand Angara enters India; eyes Rs 1,000 crore revenue by 2030
Angara, a US-based Coloured gemstones brand , has entered the Indian market after expanding its presence in global markets like the US, UK, and Australia. It is eyeing India to become a Rs 1,000+ crore market for the brand by 2030, Ankur Daga, founder and CEO of Angara, told ETRetail. In addition to its U.S headquarters, the brand also has offices and facilities in Ireland, Canada, and Thailand, and caters to over 1 million customers worldwide. "We are entering India at a time when consumers are shifting away from conventional, mass-produced designs and embracing personalised, investment-worthy pieces that reflect their unique stories," he asserted. "India is one of the two largest jewellery markets globally, alongside the U.S. The jewellery market in India is growing at 10-15 per cent CAGR, and gemstone jewellery currently accounts for only 2 per cent of India's market, diamonds 10 per cent, and the remainder is predominantly gold. We aim to grow gemstone jewellery to 20 per cent of market share in the next 10 years, aiming to own this category," he further added. The vertically integrated online brand will be betting big on its digital-driven approach and AI-driven recommendations, along with an omnichannel approach in India. Almost 6 months back, the brand did a soft online launch in India, and its revenue during this period has already crossed Rs 10 crore. At present, it clocked 60 per cent of its sales from tier II-IV markets. "We achieved contribution margin profitability within 2 months of the launch, and our average ticket size stood at more than Rs 50,000," he asserted. "Going ahead, we plan to invest $2 million in India to open 100 stores, factory set up, and inventory," he further added. These 100 stores will be a blend of company-owned and franchised outlets The first store of the brand will be opening in Jaipur, spanning across 700-1,000 and the CAPEX will stand at approx. Rs 2 crore. "After Jaipur, we will be opening stores in markets like Bengaluru, Mumbai, and Delhi, and post that we plan to penetrate deeper into tier II-IV markets," he explained. At present, 75 per cent of the revenue of the brand is contributed by the U.S., followed by the U.K., Australia, and Canada. Globally, it has been growing 30 per cent year-on-year for the last 10 years and claims to be profitable for the last 15 years. The bootstrapped brand crossed $10 million in revenue by 2016 and $100 million in revenue by 2021, and is targeting a $1 billion valuation globally by the end of the decade. India is expected to contribute 25–30 per cent of the global revenue of the brand by 2030–35. "By 2030, online is expected to contribute 35 per cent of our sales and the remaining 65 per cent is expected to come from the offline channel. By 2035, we are eyeing a 50:50 split," he stated. Founded in 2005 by Indian-origin entrepreneurs Ankur and Aditi Daga, the brand carries forward their family's 300-year legacy of gemstone expertise.
