True Diamond bags $3 Mn from India Quotient and others

Mumbai-based lab grown diamond startup True Diamond has raised $3 Mn (INR 26 Cr) in a fresh funding round as reported in Inc42. The round saw India Quotient joining the cap table, with participation from Titan Capital and Huddle Ventures, as reported by Inc42.

Confirming the development, True Diamond’s cofounder Parin Shah said that India Quotient has led the round. Post the fund raise, the startup valuation soared to INR 108 Cr ($12.6 Mn), Shah added. The startup will use the fresh capital to scale up its omnichannel presence.