JewelEmart, a newly launched online jewellery portal, aims to achieve Rs 100 crore turnover in 2016-17, the first year of operation.
JewelEmart, which offers platform to both gems and jewellery producers as well as consumers, sells certified diamond-studded gold jewellery items on its platform.
“The company has targeted a Rs 100 crore turnover in its first year of operation, while the second year should see a growth of 50 per cent,” the company said.
In the third year of the operation, JewelEmart is expected to see 200 per cent growth and achieve a turnover of Rs 300 crore, it added.
JewelEmart co-founder and CEO Adish Shah said the online virtual store can generate more than 1 lakh jobs.
The company has a tie-up with jewellers and has partnered with Vamaship for logistics and Payment Gateway for banking. It will sell purity certified ‘Hallmarked’ jewellery.