True Diamond raises $3 Mn led by India Quotient

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Here’s a structured list based on the provided information about True Diamond:

Startup Information

  • Startup Name: True Diamond
  • Founders: Darayus Mehta, Parin Shah
  • Year Founded: 2024

Funding Information

  1. Pre-Series A Funding

    • Amount Raised: Rs 26 crore ($3 million)
    • Date: [Not specified]
    • Lead Investor: India Quotient
    • Other Investors: Titan Capital, Winners Fund, Huddle Ventures
  2. Seed Funding
    • Amount Raised: $1 million
    • Date: [Not specified]
    • Lead Investor: Titan Capital
    • Other Investors: Huddle Ventures, Zeropearl Ventures, Ashutosh Valani, Priyank Shah, Aashka Goradia Goble, Ghazal Alagh (Mamaearth founder), Abhishek Goyal, Anmol Jain

Purpose of Funds

  • Accelerate omnichannel strategy and offline expansion.

Product Offering

  • Types of Products: Rings, earrings, pendants, necklaces, mangalsutras, bracelets, tennis bracelets, customized jewelry, and men’s collections.
  • Catalog Size: Over 5,000 designs
  • Customer Repeat Rate: 1.7x

Unique Products

  • Over 160 facet Portuguese diamonds, black diamonds, and more.

Feel free to ask if you need any additional information!

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2025-06-04 08:28:03