Latest news with #TitanCapitalWinnersFund
Fashion Network
2 days ago
- Business
- Fashion Network
True Diamond raises Rs 26 crore in pre-series A funding round
Lab-grown diamond jewellery brand True Diamond has raised Rs 26 crore ($3 million) in a pre-series A funding round led by India Quotient, with participation from existing investors Titan Capital Winners Fund and Huddle Ventures. The company will utilise the funds to accelerate its omnichannel strategy, focusing on offline expansion. It already has retail outlets in Mumbai, Hyderabad, and Noida with plans to launch more stores across metro cities. Commenting on the funding, Parin Shah, founder of True Diamond in a statement said, 'We never wanted to be just another jewellery brand. We're building a next-gen brand experience, through high-quality lab-grown diamonds, cutting-edge content, and a retail journey that breaks away from the conventional. This round gives us the ability to scale this vision faster.' Sahil Makkar of India Quotient added, 'We see immense potential in the lab-grown diamond and gold combination as a category within the massive jewellery market. Under the leadership of Parin and Darayus, we've observed True Diamond evolving into an aspirational omnichannel retailer within this segment, and we are thrilled to be a partner in this journey." Founded in early 2024 by Darayus Mehta and Parin Shah, True Diamond offers a variety of products, including rings, earrings, pendants, necklaces, mangalsutras, bracelets, tennis bracelets, amongst others.
Time of India
4 days ago
- Business
- Time of India
Jewellery startup True Diamond raises Rs 26 crore in pre-Series A funding round
New Delhi: Lab-grown diamond jewellery brand True Diamond has raised Rs 26 crore in a pre-Series A funding round led by India Quotient , with participation from existing backers Titan Capital Winners Fund and Huddle Ventures, as it sets its sights on aggressive offline expansion, according to a media release on Wednesday. The company plans to use the capital to accelerate its omnichannel strategy, with a specific focus on offline growth. It has already opened retail outlets in Mumbai, Hyderabad, and Noida, and intends to expand across metro cities to offer immersive brand experiences. Parin Shah , Co-founder of True Diamond said, 'We're building a next-gen brand experience through high-quality lab-grown diamonds , cutting-edge content, and a retail journey that breaks away from the conventional. This round gives us the ability to scale this vision faster.' Founded in early 2024 by Darayus Mehta and Parin Shah, the Mumbai-based startup aims to modernize the jewellery experience for Indian consumers through high-quality lab-grown diamonds, design innovation, and a differentiated brand journey.
Time of India
08-05-2025
- Automotive
- Time of India
Commercial vehicle startup 91Trucks raises $5 million from Arkam Ventures, existing investors
Live Events Commercial vehicle platform 91Trucks has raised $5 million Series A funding in a round led by early-stage venture capital firm Arkam Ventures . The round also saw existing investors Titan Capital Winners Fund (which doubled down on its investment), Sparrow Capital, and Atrium Angels funds will be used to expand 91Trucks' product and technology capabilities, scale up its team and open over 20 retail stores to increase its offline presence, according to a statement released by the its core business of selling commercial vehicles, 91Trucks offers end-to-end support for used-truck buyers, such as providing access to financing, handling insurance, fitness checks, RTO transfers, and more.'Over 55% of CV sales in India comprise small commercial vehicles, primarily used for last-mile delivery and owned by small fleet owners and driver-operators. We are on a mission to organize and grow this segment,' Siddharth Sharma, CEO and cofounder of 91Trucks, said in the statement.'In the last two years, our revenue has grown 8x, and with this funding, we will accelerate our physical footprint across Tier 2 and 3 cities, invest in technology—particularly in AI—and strengthen our team,' he in 2022, 91Trucks is India's youngest full-stack commercial vehicle platform and is looking to become a one-stop solution for all commercial vehicle needs. In the next three years, the company aims to sell 10,000 commercial vehicles annually.'India's logistics and transportation ecosystem comprises small fleet operators and driver-owners who move 80% of the country's goods, yet face persistent challenges in accessing high-quality used vehicles and financing,' said Bala Srinivasa, managing director at Arkam Ventures, which was founded in 2020.
