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True Diamond raised $1M in a seed funding round led by Titan Capital to expand its lab-grown diamond venture.

Nov 26, 20248 months ago

Amount Raised

$1 Million

Round Type

seed

MumbaiJewelryPrecious MetalsFashion

Investors

Zeropearl VenturesHuddle VenturesTitan Capital

Description

True Diamond has secured $1 million in seed funding to expand its operations. The funding will be used to grow the team, establish boutique outlets in Mumbai and Delhi NCR, and enhance marketing efforts.

Company Information

Company

True Diamond

Location

Mumbai, Maharashtra, India

About

True Diamond is a startup that specializes in lab-grown diamonds. Since its incorporation, it has developed a catalogue of 5,000 customizable designs. The company aims to target sustainability-conscious consumers by offering high-quality, customizable diamond jewelry. With the recent seed funding, True Diamond plans to expand its team and establish boutique locations.

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

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