True Diamond
Latest round
- Seed
Last raised
- Nov 2024
Total raised
- $1M
Investors
- 3
About True Diamond
Founded in 2024 in Mumbai, India, True Diamond is engaged in the design and manufacture of lab-grown diamond jewelry. Truecarat Diamonds Pvt. Ltd. is involved in the design and manufacture of lab-grown diamond jewelry, primarily targeting the ethical and sustainable jewelry market. Their core offerings include a wide range of diamond jewelry such as solitaires, rings, earrings, pendants, necklaces, and bracelets, all crafted using lab-grown diamonds that are chemically and physically identical to natural diamonds. These diamonds are produced through technological processes like High Pressure High Temperature (HPHT) and Chemical Vapor Deposition (CVD), ensuring their ethical provenance and affordability. Truecarat primarily serves the Indian market, focusing on retail consumers and jewelers seeking high-quality, ethically sourced diamonds. The revenue model for Truecarat Diamonds Pvt. Ltd. is structured around direct-to-consumer sales, focusing on individual customers looking for high-quality, lab-grown diamond jewelry. Transactions typically involve customers purchasing items or custom orders through their online platform or retail boutique.50 carats, enhancing the value proposition for consumers. Specific pricing for products varies based on carat weight, design, and metal choice, with flagship offerings like the Hidden Harmony and Iconic solitaire rings highlighting the brand’s commitment to quality and craftsmanship.
Who invested in True Diamond
3 investors across 1 round
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Funding rounds
Seed
Nov 28, 2024
Amount
$1M
Investors
Questions about True Diamond
Who invested in True Diamond?
True Diamond has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has True Diamond raised?
True Diamond has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did True Diamond last raise money?
True Diamond's most recent round on record is a Seed, in Nov 2024.
What does True Diamond do?
Founded in 2024 in Mumbai, India, True Diamond is engaged in the design and manufacture of lab-grown diamond jewelry.
Where is True Diamond headquartered?
True Diamond is headquartered in Mumbai, India.
Which VCs invest in companies like True Diamond?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Peak XV Partners, MPCi and Luminous Ventures back consumer products companies at True Diamond's stage. Their profiles are linked below.
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