Indian luxury watch brand Argos Watches has secured Rs 6.5 crore (approximately $780K) in an angel funding round, valuing the company at Rs 45 crore ($5.4 million). The investment comes from a group of high-net-worth Indian investors and is expected to accelerate the brand’s growth in key areas.
The newly raised capital will be used to develop new product lines, enhance brand awareness, and strengthen Argos’ online presence. The company aims to double its revenue this year by expanding its customer base and increasing brand engagement.
Founded by Mustafa Channiwala and Husain Tohfafarosh, Argos Watches specializes in high-quality, vintage-style automatic and hand-wound timepieces. By leveraging a direct-to-consumer (D2C) model, Argos offers its products exclusively through its website, ensuring a seamless buying experience. The brand’s watches are priced between Rs 8,000 and Rs 20,000, making luxury craftsmanship more accessible to Indian consumers.
Among its popular collections, the Apollo series and the flagship Olympus watch—an elegant mechanical timepiece featuring a power reserve indicator—have garnered a loyal following among watch enthusiasts in India.
As of 2025, Argos remains a bootstrapped company with an estimated annual revenue of around $580,000. With fresh funding, the brand plans to introduce new models equipped with advanced features while continuing to strengthen its community-driven marketing approach. Argos is focused on expanding its digital presence and engaging with watch aficionados to solidify its position in India’s growing luxury watch market.
With a commitment to quality craftsmanship and an expanding product portfolio, Argos Watches is poised for significant growth in the coming years.
