2024
Mumbai (India)
Seed
True Diamond is a rapidly emerging luxury jewellery brand specializing in certified lab-grown diamonds. The company has quickly positioned itself as a leader in the lab-grown diamond (LGD) segment, catering to the growing demand for sustainable, affordable and design-forward jewellery among modern Indian consumers.
Extensive catalogue of over 5,000 unique, customizable designs, including rings, earrings, necklaces, bracelets, pendants, mangalsutras, tennis bracelets and a dedicated men’s collection.
100% certified lab-grown diamonds, graded by international authorities such as IGI and GIA, with a focus on VS clarity and D/E/F color grades, ensuring premium quality.
Bespoke design services and a customer-centric approach, including personal consultations, WhatsApp-first communication and high-touch retail experiences.
Transparent pricing, buyback and exchange policies and a 14-day delivery promise across India.
True Diamond operates on a hybrid direct-to-consumer (D2C) and omnichannel retail model, generating revenue through:
Direct sales of lab-grown diamond jewellery via its own online platform and flagship offline stores.
Bespoke and customized jewellery orders, which command higher average order values (AOVs) due to personalization and premium design services.
Customer-centric services such as buyback, exchange and certification, which enhance trust and drive repeat purchases.
Retail sales (both online and offline) of rings, necklaces, bracelets, earrings, pendants, mangalsutras and men’s jewellery.
Custom design commissions and personalized consultations.
Potential future monetization through partnerships, exclusive collections and possibly B2B collaborations with other retailers or designers.
Primarily B2C, targeting urban, value-conscious and design-savvy consumers seeking sustainable luxury.
Growing focus on both women’s and men’s segments, with specialized collections for each.
Early adopters include young professionals, couples and gifting customers, with expansion planned toward broader demographics as awareness grows.
Aggressive omnichannel expansion: Scaling offline presence across India’s major metros to complement digital-first discovery and engagement.
Product innovation: Launching unique diamond cuts (e.g., 160+ facet Portuguese diamonds, black diamonds), expanding design catalogues and offering high customization.
Brand-building through storytelling, influencer partnerships and content-driven marketing.
Customer experience: High-touch, personalized service both online (WhatsApp-first, video consultations) and offline (immersive retail environments).
Sustainability and transparency as core brand pillars, appealing to the rising segment of conscious consumers.
$6.82 Million
3
$3.13 Million, Pre-Series A
as of June 4, 2025
$12.3 Million
as of June 2, 2025
3.33
as of June 2, 2025
Titan Capital
and 3 more19
Littlebox India
-
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
June 4, 2025 | Pre-Series A | $3.13 Million | - | - | - | India Quotient, Huddle Ventures |
May 10, 2025 | Seed | $2.7 Million | - | - | - | India Quotient, Huddle Ventures |
June 26, 2024 | Seed | $1.0 Million | $4.4 Million | - | - | Titan Capital, Huddle Ventures, Zeropearl Ventures, Ivg Investment Trust |