‘The 18 Innovative Startups to Look in 2020

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Jewelove

The Authentic Source of Platinum Jewellery for Customers

• Could you please give us an overview of the company? Jewelove is an online platform for authentic platinum jewellery. Founded by Sambhav Karnawat, Jewelove has been awarded by the Platinum Guild International for the highest sales of Platinum Jewellery across North India for 2 consecutive years. Every piece of platinum jewellery comes with a Certificate of Authenticity issued by PGI. Jewelove showcases over 1000+ designs of platinum love bands, engagement rings, chains & kada for men & women.

Sambhav Karnawat Founder

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n today’s era, every product or service is available online at the click of a button. Having said that, jewellery items have also made their way into the digital market. However, it is a challenging task to find jewellers, who provide us with authentic ornaments. Hence, customers are always at the lookout for credible service providers, who guarantee products of the highest quality, accompanied by quick services. With the aim to bridge the gap between demand and supply for bonafide platinum jewellery, Jewelove was established in January 2016. It focuses on providing genuine information to clients, while educating them more about the same. Throughout the excerpts mentioned below, the company shares its impressive journey with us.

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• Kindly tell us about your company’s inception and how the idea of it was conceived. Jewelove was founded in 2009 by Sambhav Karnawat in his second year at IIT Kanpur. Sambhav has always been passionate about technology & coming from a jewellery family, he has always had exposure to the jewellery industry. Sambhav could clearly see the inefficiencies in jewellery retail & how jewellers incur very high inventory costs. He deployed an online justin-time business model that reduces inventory costs & middle-man costs significantly and saves the consumer almost 15-20% as compared to regular retailers. • Could you tell us about the mission and vision of your company? We aim to provide authentic platinum jewellery at a very reasonable price to every nook & corner of India, even the smallest village in India. We have already delivered items to small villages in Rajasthan, Kerala, Jammu & Kashmir & even the distant Andaman & Nicobar islands.

• Who or what are the inspirational factors behind the organization? February 2020|


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