True Diamond, a startup focused on creating high-quality lab-grown diamonds, has successfully raised $1 million in a seed funding round. The round was led by Titan Capital, with contributions from Huddle Ventures, Zeropearl Ventures, and several angel investors, including Ashutosh Valani, Priyank Shah, Aashka Goradia Goble, Ghazal Alagh (founder of Mamaearth), Abhishek Goyal, and Anmol Jain.
True Diamond Funding
The funds raised will help True Diamond accelerate its growth. The startup plans to expand its team, set up exclusive boutique stores in Mumbai and Delhi NCR, and enhance its branding and marketing efforts to build a strong presence in the jewelry market.
Focus on Sustainability
Founded in January 2024 by Parin Shah and Darayus Mehta, True Diamond is a Mumbai-based company specializing in lab-grown diamond jewelry. These diamonds are made to be nearly identical to natural diamonds in chemical structure, appearance, and other key features. The company’s products aim to meet the increasing demand for sustainable and ethically sourced jewelry.
Diverse Range
True Diamond offers a variety of customizable jewelry options, including rings, earrings, necklaces, tennis bracelets, and men’s jewelry. The company’s designs are focused on providing elegant and eco-friendly alternatives to traditional diamond jewelry.
Vision for Future
Parin Shah, co-founder of True Diamond, shared excitement about the funding, saying, “This investment will help us build a skilled team, open new boutique locations, and enhance our brand. We are excited to grow True Diamond into a top name in the jewelry industry.”
With sustainability and ethical sourcing at its core, True Diamond is poised to significantly impact the lab-grown diamond market, offering consumers a responsible choice in fine jewelry.
