Indian luxury watch brand Argos Watches has raised ₹6.5 crore (approximately $780K) in an angel funding round, valuing the company at ₹45 crore ($5.4 million).
The investment comes from a group of high-net-worth Indian investors and is set to fuel product innovation, brand awareness, and online growth as the company aims to double its revenue this year.
Founded by Mustafa Channiwala and Husain Tohfafarosh, Argos Watches specializes in high-quality, vintage-style automatic and hand-wound timepieces at accessible prices, ranging between ₹8,000 and ₹20,000.
Operating through a direct-to-consumer model, the brand sells exclusively via its website, ensuring a seamless buying experience.
Its Apollo series and flagship Olympus watch, featuring a power reserve indicator, have gained traction among Indian watch enthusiasts.
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“This investment validates our vision of bringing precision-driven mechanical watches to Indian consumers,” said Channiwala. “With strong investor backing, we are set to scale operations, introduce new models, and push the boundaries of Indian watchmaking.”
As of 2025, Argos remains a bootstrapped venture with an estimated annual revenue of $580,000. With plans to expand its lineup with more advanced features, the brand is also strengthening its digital presence and community engagement efforts.
India’s luxury watch market, valued at over ₹10,000 crore, is witnessing steady growth, driven by rising disposable incomes and a growing preference for mechanical timepieces over quartz alternatives.
