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Homegrown luxury watch brand Argos Watches raises Rs 6.5 crore at Rs 45 crore valuation

  • 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.

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