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WATCH CAPITAL
UEN:53421329D
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WATCH CAPITAL has a TrustScore of 66. Our system is actively collecting and analyzing information about this business. Additional data points are being verified and processed.
Our preliminary analysis has revealed key insights about WATCH CAPITAL's performance and market presence. Here‘s a summary of our findings:
Has been operational for several years
Has accessible contact information online
Official business profile found on major search engines
WHEN THEY WERE YOUNG, Jarod and Joses Ng used to sneak out of the house at night and take long walks around their estate. They would dream about how they’d start their own business and be successful by the time they were 30. Today, Jarod is 25 and Joses is 22. They opened watch retail store Watch Capital in Feb 2021, and its revenue for the year is almost S$29 million. In the case of these brothers, dreams do come true – and quickly. Joses attributes the dealership’s rapid success in part to an aggressive marketing strategy: “We spent a lot on media advertising, getting ourselves covered by newspapers and magazines, and pushing out posts on social media. People saw these stories and posts and reached out to us, and we were able to build relationships that way.” Jarod says they’ve also ensured the store gives clients what they want: “We stock a wide range of watches that are in high demand. And we make the environment in Watch Capital friendly and approachable: If you walk into our store without knowing anything about watches, we’ll patiently tell you everything we know to help you make your decision.”
At the tender ages of 18 and 19, Joses and Jarod Ng started dabbling in the luxury watch industry respectively. They eventually co-founded Watch Capital, which is now a wholly-owned subsidiary of private investment firm Pallarian Holdings. Over the past few months since entering the retail segment of the market, Watch Capital has grown rapidly with revenue surpassing S$15 million. In this interview, the Ng brothers shared with us how they grew the business — which was once a Carousell side hustle — into a seven-figure luxury watch business.
18 August 2021
47733
RETAIL SALE OF WATCHES AND CLOCKS
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Scam.SG's TrustScore is an AI-driven engine that evaluates a business's trustworthiness by analysing data such as customer feedback, behavioral patterns, and compliance records. This comprehensive assessment results in a numerical score reflecting the entity's reliability.