Lab-grown diamond startup Firefly raises $3 million from WestBridge Capital

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Lab-grown diamond jewellery startup Firefly Diamonds has raised $3 million in seed funding from WestBridge Capital.

The company plans to use the funds to expand its retail footprint, strengthen its digital presence, and invest in research and development.

Firefly currently operates stores in Mumbai, Pune, Bengaluru, and Hyderabad, and aims to scale up to more than 20 locations over the next two years.

“With this funding, we wish to usher in a new era of Indian luxury that celebrates beauty, individuality, and the art of fine craftsmanship,” said…



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Lab-grown diamond startup Firefly raises $3 million from WestBridge Capital


Lab-grown diamond jewellery startup Firefly Diamonds has raised $3 million in seed funding from WestBridge Capital.

The company plans to use the funds to expand its retail footprint, strengthen its digital presence, and invest in research and development.

Firefly currently operates stores in Mumbai, Pune, Bengaluru, and Hyderabad, and aims to scale up to more than 20 locations over the next two years.

“With this funding, we wish to usher in a new era of Indian luxury that celebrates beauty, individuality, and the art of fine craftsmanship,” said…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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