High-net-worth Indian investors have contributed Rs 6.5 crore (approximately $780K) to the Indian luxury watch company Argos Watches’ angel funding round, valuing the business at Rs 45 crore ($5.4 million).
The money raised will go toward developing new goods, increasing brand recognition, and expanding online. Argos wants to make twice as much money this year.
The Argos brand, which was founded by Mustafa Channiwala and Husain Tohfafarosh, sells reasonably priced, vintage-style automatic and hand-wound timepieces.
It uses a direct-to-consumer business model to provide a simple purchasing experience and only sells its watches online. The price range of its timepieces is Rs 8,000 to Rs 20,000.
The company’s flagship Olympus watch, a mechanical watch with a power reserve indicator, and the Apollo series have become well-liked by Indian watch enthusiasts.
Argos, which is still entirely self-funded as of 2025, makes an estimated $580,000 a year. In addition to continuing to develop its brand through community involvement and online presence, the company intends to introduce more models with cutting-edge features.
