About Fiona Diamond
Fiona Diamond is a Retail company based in Mumbai (India) founded in 2004 by Parag Agrawal and Saurabh Agrawal. Lab-grown and natural diamond jewelry is retailed by Fiona Diamond. Fiona Diamond has raised $3.24 million across 11 funding rounds from investors including Venture Catalysts, We Founder Circle and Z Nation Lab. The company has 6 employees. Fiona Diamond was last valued at $12.82 million in February 2024. Its chief executive, as recorded, is Parag Agrawal. Its website fionadiamonds.com draws about 29 thousand monthly visits. Its Indian entity Fiona Solitaires Private Limited reported revenue of ₹34.44 Cr. Its focus areas include Consumer, Fashion Tech, B2C Commerce and Accessories. Its competitors include Jewelbox, Aukera Jewellery and Svaraa; 2 of its 3 listed competitors have raised funding.
Company details
Fiona Diamond was established in 2004 in Mumbai, India, as a retailer in the jewelry sector. A range of lab-grown and natural diamond pieces is offered, including rings, earrings, pendants, bracelets, and necklaces with diverse cuts and styles. Moissanite jewelry and lab-grown gemstone rings are included in the inventory. Solitaire, designer, and custom bridal services are provided to customers.
- Headquarters Mumbai, India
- Employees 6
- Founders Parag Agrawal, Saurabh Agrawal
- Stage Minicorn
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website fionadiamonds.com
- Social LinkedIn X Facebook Instagram
- Legal Name Fiona Solitaires Private Limited
- Date of Incorporation 03 Jun, 2015
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹34.44 Cr
FY 2024 · +25% YoY
- Net Profit₹72.5 Lakh
FY 2024 · 2% margin
- EBITDA₹2.21 Cr
FY 2024 · 6% margin
- Total Equity Funding$3.24M (USD)
in 11 rounds
- Latest Funding Round$1.93M (USD), Seed
Feb 2026
- InvestorsVenture Catalysts
& 15 more
- Employee Count6
Associated legal entities of Fiona Diamond
Fiona Diamond operates through Fiona Solitaires Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Fiona Solitaires Private Limited CIN U74999MH2015PTC265142 | Active | 03 Jun 2015 | Mumbai, Maharashtra | ₹34.4 Cr | 6 | 3 | View details |
Apps and channels of Fiona Diamond
Fiona Diamond publishes 2 mobile apps with over 500 downloads.
Funding Insights of Fiona Diamond
Fiona Diamond has successfully raised a total of $3.24M across 11 strategic funding rounds. The most recent funding activity was a Seed round of $1.93 million completed in February 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3.24M
- Total Rounds 11
- Last Round Seed — $1.93M
- First Round $315,880
(Jan 2018)
- Investors Count 16
Latest 10 of 11 funding rounds of Fiona Diamond with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2026 | $1.93M | Seed | – | – | |
| Jun 2024 | Seed | – | – | ||
| Jun 2024 | $29,914 | Seed | – | – | |
| Apr 2024 | $59,930 | Seed | – | – | |
| Feb 2024 | $735,874 | Seed | $12.82M | Venture Catalysts | |
| Feb 2024 | $120,597 | Seed | – | – | |
| Mar 2022 | $10,444 | Seed | $6.89M | Enpargroup | – |
| Mar 2021 | $11,040 | Seed | $••••• | Enpargroup | – |
| Mar 2020 | $10,466 | Seed | $••••• | – | – |
| Jun 2019 | $12,600 | Seed | $••••• | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2024 | $12.82M | •••••••• |
| Mar 2022 | $6.89M | •••••••• |
| Mar 2021 | $••••• | •••••••• |
| Mar 2020 | $••••• | •••••••• |
| Jun 2019 | $••••• | •••••••• |
| Jan 2018 | $••••• | •••••••• |
Full valuation and stage history of Fiona Diamond
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $12.82M (Feb 2024). 16 investors in total: 11 institutional and 5 angel.
Investors in Fiona Diamond
Fiona Diamond has secured backing from 16 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Venture Catalysts, We Founder Circle and Z Nation Lab.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech-enabled businesses across Southeast Asia are supported by ACV Capital. | acv.vc | Jakarta, Indonesia | ||
Venture capital firm investing in early-stage tech startups | 2023 | anikarthventures.com | Kanpur, India | |
Early-stage startup ecosystem is supported by Venture Catalysts in India. | 2015 | venturecatalysts.in | Mumbai, India | |
Startups are matched with investors via an online investment platform. | 2021 | invstt.com | Mumbai, India | |
Startup accelerator | 2016 | znationlab.com | Cupertino, United States | |
Investment in tech startups focusing on innovation and emerging trends in India. | 2018 | siriusone.vc | Chennai, India | |
Investment in early-stage startups and global community support. | 2020 | wefoundercircle.com | Mumbai, India | |
Lab-grown diamonds and jewelry services are provided in Mumbai. | ebdiamonds.com | |||
Provider of professional learning and program management services | 2020 | heliosholdingsllc.org | Columbia, United States | |
| enpargroup.com |
Investor details for Fiona Diamond
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Board of directors of Fiona Solitaires Private Limited (Fiona Diamond)
Fiona Solitaires Private Limited is the primary company behind Fiona Diamond. The board of Fiona Solitaires Private Limited currently have 3 directors; the longest-serving is Dilip Mohanlal Agrawal, appointed in 2015.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Dilip Mohanlal Agrawal DIN 07140563 | Director | 03 Jun 2015 | 11 yrs 5 mo | Fiona Solitaires Private Limited |
| Saurabh Dilip Agrawal DIN 07140560 | Director | 03 Jun 2015 | 11 yrs 5 mo | Fiona Solitaires Private Limited |
| Parag Dilip Agrawal DIN 07140561 | Director | 03 Jun 2015 | 11 yrs 5 mo | Fiona Solitaires Private Limited |
People of Fiona Diamond
2 people are tracked at Fiona Diamond (2 in leadership); the tracked headcount is 6.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder & CTO | Leadership |
Complete people profiles for Fiona Diamond
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Financials of Fiona Diamond
Figures of Fiona Solitaires Private Limited, the primary company behind Fiona Diamond, for FY 2024. Revenue was ₹34.44 Cr (+25% year on year). Net profit was ₹72.5 Lakh (2% margin). EBITDA was ₹2.21 Cr (6% margin). Revenue has grown at a compounded annual rate of +37% over three years and +12% over five years.
- ₹34.44 CrRevenue · FY 2024 · +25% YoY
- ₹72.5 LakhNet profit · 2% margin
- ₹2.21 CrEBITDA · 6% margin
- ₹1.08 CrPaid-up capital
- 6Employees (provident fund records)
- +37%Revenue CAGR, 3 years
- +12%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Fiona Solitaires Private Limited are on its company page.
Detailed financial statements for Fiona Diamond
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Fiona Diamond
4 dated milestones of Fiona Diamond across 22 years, from founding to its latest funding, stage changes and deals.
- Founded Fiona Diamond is founded.
- Funding First funding round of $316K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.9M.
Competitors of Fiona Diamond
Fiona Diamond has 3 listed competitors in our database, 2 of them funded. They include Jewelbox, Aukera Jewellery and Svaraa.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| jewelbox.co.in | 2022 | Kolkata, India | $3.86M | 126 | Lab-grown diamond jewellery is provided via an online platform. | |
| aukerajewellery.com | 2023 | Bengaluru, India | $22.68M | 135 | Aukera Jewellery is engaged in selling lab-grown diamond jewellery. | |
| svaraa.com | 2019 | Surat, India | 9 | Produces high-quality lab-grown diamond jewelry products. |
Detailed competitors of Fiona Diamond
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Web traffic of Fiona Diamond
The website of Fiona Diamond (fionadiamonds.com) receives about 28.7K visits a month.
- Monthly visits28.7K
▲ 45.5% vs previous month
Websites whose visitors overlap most with Fiona Diamond. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| houseofquadri.com | 100% | 84.5K | #379,963 | View details | |
| jewelbox.co.in | 100% | 122.7K | #273,614 | View details | |
| emori.in | 96% | 271.8K | #138,059 | View details | |
| varniya.com | 92% | 47.6K | #740,106 | View details | |
| aukerajewellery.com | 91% | 37.8K | #557,323 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Fiona Diamond
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Top companies in Fashion & Lifestyle E-Commerce
3 companies that operate in the same segment as Fiona Diamond (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.04 B | USD 939.4 M | 18,984 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 542.17 M | 1,108 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 143.24 M | USD 32.66 M | 711 |
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Related news about Fiona Diamond
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Frequently Asked Questions about Fiona Diamond
Fiona Diamond was founded in 2004 and raised its 1st funding round 14 years after it was founded.
Fiona Diamond is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Parag Agrawal is the CEO of Fiona Diamond, as recorded in our data. They have also founded this company.
Fiona Diamond is a funded company, having raised a total of $3.24M across 11 funding rounds to date. The company's 1st funding round was a Seed of $12.6K, raised on Jan 2018.
Fiona Diamond has 6 employees.
The primary company behind Fiona Diamond, Fiona Solitaires Private Limited, reported revenue of ₹34.44 Cr for FY 2024, up 25% year on year.
Fiona Diamond was established in 2004 in Mumbai, India, as a retailer in the jewelry sector. A range of lab-grown and natural diamond pieces is offered, including rings, earrings, pendants, bracelets, and necklaces with diverse cuts and styles. Moissanite jewelry and lab-grown gemstone rings are included in the inventory. Solitaire, designer, and custom bridal services are provided to customers.
Fiona Diamond's top competitors include Jewelbox, Aukera Jewellery and Svaraa.
Fiona Diamond has 16 investors. Key investors include Venture Catalysts, We Founder Circle, Z Nation Lab, Invstt, and SiriusOne.
The valuation of Fiona Diamond is $12.82M as of Feb 2024.
Fiona Diamond operates through Fiona Solitaires Private Limited.
The legal entities of Fiona Diamond currently have 3 directors, including Dilip Mohanlal Agrawal, Saurabh Dilip Agrawal, Parag Dilip Agrawal.