Private Equity PE-VC Fund Investments
Lab grown diamonds seller True Diamond raises $3-M
Source Inc42 (opens in a new tab)
Mumbai-based lab grown diamond startup True Diamond has raised USD 3 million (INR 26 crore) led by India Quotient, with participation from Titan Capital and Huddle Ventures. The deal valued the company INR 108 Cr (USD 12.6 M).The startup will use the fresh capital to scale up its omni channel presence, with a focus on expanding offline retail.Founded in 2024 by Parin Shah and Darayus Mehta, True Diamond sells rings, earrings, necklaces and bracelets made from lab grown diamonds.