Argos Watches Secures Funding for Growth

Argos Watches, an esteemed Indian luxury watch label, has successfully gathered Rs 6.5 crore (approximately $780K) in an angel funding round. This latest investment has positioned the company with a valuation of Rs 45 crore ($5.4 million) from a selection of affluent Indian investors. The funds will facilitate the development of innovative products, enhance brand visibility, and expand online operations. Argos Watches is committed to doubling its revenue this year.

About Argos Watches

Established by Mustafa Channiwala and Husain Tohfafarosh, the Argos brand is celebrated for its exceptional range of vintage-style automatic and hand-wound watches, all offered at reasonable prices. The brand operates solely through its website, employing a direct-to-consumer approach that ensures a seamless purchasing experience. Prices for their timepieces range from Rs 8,000 to Rs 20,000.

Popular Products

The Apollo series, along with the flagship Olympus watch—which features a mechanical design complete with a power reserve indicator—has become quite popular among watch aficionados in India.

Future Prospects

As of 2025, Argos Watches has continued its bootstrapped journey, boasting an estimated annual revenue of about $580,000. The brand intends to introduce additional models equipped with enhanced features while actively fostering community engagement and strengthening its digital footprint.