True Diamond

True Diamond

Online fashion brand offering multi-category lab-grown diamond based jewelry products

Founded

2024

Headquarters

Mumbai (India)

Status

Seed

Company Details

Website

Socials

Email

Phone

+91 - 9076009085

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.

Core Products and Services

  • 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.

Business Model & Revenue Streams

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.

Customer Segmentation

  • 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.

Growth Strategy

  • 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.

Key People

Darayus Mehta

Parin Shah

Key Metrics

Total Equity Funding

$6.82 Million

No. of Funding Rounds

3

Latest Funding Round

$3.13 Million, Pre-Series A

as of June 4, 2025

Post Money Valuation

$12.3 Million

as of June 2, 2025

Funding Multiple

3.33

as of June 2, 2025

Investors

Titan Capital

and 3 more

Employee Count

19

Similar Companies

Littlebox India

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
June 4, 2025Pre-Series A$3.13 Million--- India Quotient, Huddle Ventures
May 10, 2025Seed$2.7 Million--- India Quotient, Huddle Ventures
June 26, 2024Seed$1.0 Million$4.4 Million-- Titan Capital, Huddle Ventures, Zeropearl Ventures, Ivg Investment Trust

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