About Solitario
Solitario is a company based in Pune (India) founded in 2022 by Ricky Vasandani, Satish Daryanani, and Vivek Anand Oberoi. It operates as a Direct-to-Consumer (D2C), and Franchise / Licensing. Solitario has raised $3.6 million across 2 funding rounds from investors including Vicco Laboratories, Neeraj Gupta and Amit Agarwal. The company has 79 employees as of May 31, 2025. Solitario offers products and services including Lab Grown Diamonds and Diamond Jewellery.
- Headquarter Pune, India
- Employees 79 as on 31 May, 2025
- Founders Ricky Vasandani, Satish Daryanani, Vivek Anand Oberoi
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Yashus
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Annual Revenue
$759.3 K (USD)0as on Mar 31, 2024
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Net Profit
$67.52 K (USD)0as on Mar 31, 2024
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EBITDA
$95.07 K (USD)0as on Mar 31, 2024
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Total Equity Funding
$3.6 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Vicco Laboratories
& 6 more
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Employee Count
79
as on May 31, 2025
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Products & Services of Solitario
Solitario offers a comprehensive portfolio of products and services, including Lab Grown Diamonds and Diamond Jewellery. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Lab grown diamonds are offered for ethical jewellery solutions.
Diamond jewellery is crafted with lab grown diamond materials.
Funding Insights of Solitario
Solitario has successfully raised a total of $3.6M across 2 strategic funding rounds. 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 Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(18 Feb 2025)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2025 | Amount | Angel Round - Solitario | Valuation |
investors |
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| Feb, 2025 | Amount | Seed - Solitario | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Solitario
Solitario has secured backing from 7 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Vicco Laboratories, Neeraj Gupta and Amit Agarwal. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Manufactures and markets Ayurvedic personal care products for everyday use.
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Founded Year | Domain | Location | |
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NG
Neeraj Gupta |
Founder of Cervin Ventures, active angel investor in tech startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Solitario
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Solitario
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Solitario Comparisons
Competitors of Solitario
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Solitario
When was Solitario founded?
Solitario was founded in 2022 and raised its 1st funding round 3 years after it was founded.
Where is Solitario located?
Solitario is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Who is the current CEO of Solitario?
Ricky Vasandani is the current CEO of Solitario. They have also founded this company.
Is Solitario a funded company?
Solitario is a funded company, having raised a total of $3.6M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.6M, raised on Feb 18, 2025.
How many employees does Solitario have?
As of May 31, 2025, the latest employee count at Solitario is 79.
What is the annual revenue of Solitario?
Annual revenue of Solitario is $759.3K as on Mar 31, 2024.
What does Solitario do?
Solitario is established as a prominent brand in the new-age diamond jewellery sector, specializing in lab grown diamonds. The company is focused on providing ethical and eco-friendly gem solutions. Operations are extended across multiple international locations including Spain, Malaysia, and Dubai. Various collections such as The Promise of Love and Whispers of Grace are offered to cater to diverse customer preferences in the luxury jewellery market.
What products or services does Solitario offer?
Solitario offers Lab Grown Diamonds and Diamond Jewellery.
Who are Solitario's investors?
Solitario has 7 investors. Key investors include Vicco Laboratories, Neeraj Gupta, Amit Agarwal, Rajesh Singla, and Sandeep Singh.