True Diamond Bags $3 Mn From India Quotient, Others

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Mumbai-based lab grown diamond startup True Diamond has raised $3 Mn (INR 26 Cr) in a fresh funding round, people aware of the matter told Inc42.

The round saw India Quotient joining the cap table, with participation from Titan Capital and Huddle Ventures.

Confirming the development, True Diamond’s cofounder Parin Shah said that India Quotient has led the round.

Post the fund raise, the startup valuation soared to INR 108 Cr ($12.6 Mn), Shah added. 

The startup will use the fresh capital to scale up its omnichannel presence, with a strong…



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True Diamond Bags $3 Mn From India Quotient, Others


Mumbai-based lab grown diamond startup True Diamond has raised $3 Mn (INR 26 Cr) in a fresh funding round, people aware of the matter told Inc42.

The round saw India Quotient joining the cap table, with participation from Titan Capital and Huddle Ventures.

Confirming the development, True Diamond’s cofounder Parin Shah said that India Quotient has led the round.

Post the fund raise, the startup valuation soared to INR 108 Cr ($12.6 Mn), Shah added. 

The startup will use the fresh capital to scale up its omnichannel presence, with a strong…



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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