Argos Watches, a homegrown luxury watch brand, raised Rs 6.5 crore in funding at a valuation of Rs 45 crore.The brand unveiled Olympus, India's first mechanical watch with a power reserve indicator, priced between Rs 8,000 and Rs 20,000.The funding will be used to double the brand's revenue, accelerate product development, expand brand awareness, and enhance its digital presence.India's luxury watch market is growing, with emerging homegrown brands gaining recognition for craftsmanship and innovation.