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Solitario Diamonds closed a fresh funding round valued at Rs 300 crores, with Gautam Budhrani as a strategic investor to support expansion in Delhi NCR and investments in retail.

Jul 17, 2025•2 days ago

Amount Raised

₹300 Million

Round Type

seed

PuneJewelryFashionManufacturing

Investors

Gautam Budhrani

Description

Solitario Diamonds has secured a fresh round of funding at a valuation of Rs 300 crores. This capital will facilitate the brand's expansion in the Delhi NCR region and enhance investments in various aspects of its business. Gautam Budhrani joins as a strategic investor, empowering Solitario's vision for growth in the luxury market. The brand aims to elevate its prestige in lab-grown diamond luxury, with a target to exceed Rs 200 crores in annual turnover by FY 2026.

Company Information

Company

Solitario Diamonds

Location

Pune, Maharashtra, India

About

Solitario is a leading lab-grown diamond brand specializing in eco-conscious diamond jewellery. The company, co-founded by industry veteran Ricky Vasandani and Bollywood actor Vivek Oberoi, crafts sustainable pieces that combine cutting-edge technology with traditional craftsmanship. Solitario offers an extensive collection of more than 500 unique designs, ranging from everyday wear to high-end luxury items. They are committed to environmental sustainability and responsible practices, positioning themselves as pioneers in the lab-grown diamond jewellery sector.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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