About True Diamond
True Diamond is a company based in Mumbai (India) founded in 2024 by Darayus Mehta. True Diamond has raised $4 million across 2 funding rounds from investors including India Quotient, Huddle Ventures and Titan Capital. The company has 1 employees as of March 21, 2024. True Diamond offers products and services including Rings, Pendants, Earrings, Bracelets, and Necklaces. True Diamond operates in a competitive market with competitors including House Of Quadri, Emori, Ellixr, Varniya and Avtaara, among others.
- Headquarter Mumbai, India
- Employees 1 as on 21 Mar, 2024
- Founders Darayus Mehta
- Stage Minicorn
-
Sectors
Retail
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Truecarat Diamonds Private Limited
- Date of Incorporation 04 Oct, 2023
- Jurisdiction Mumbai, Maharashtra, India
-
Annual Revenue
Not available
-
Net Profit
Not available
-
EBITDA
Not available
-
Total Equity Funding
$4 M (USD)
in 2 rounds
-
Latest Funding Round
$3 M (USD), Seed
May 10, 2025
-
Investors
India Quotient
& 19 more
-
Employee Count
1
as on Mar 21, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of True Diamond
True Diamond offers a comprehensive portfolio of products and services, including Rings, Pendants, Earrings, Bracelets, and Necklaces.
Lab-grown diamond rings for personal wear.
Diamond pendants made from lab-grown stones.
Earrings featuring certified lab-grown diamonds.
Bracelets with lab-grown diamonds for accessories.
Necklaces using ethically produced diamonds.
Funding Insights of True Diamond
True Diamond has successfully raised a total of $4M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3 million completed in May 2025. 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.
Investors in True Diamond
True Diamond has secured backing from 20 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include India Quotient, Huddle Ventures and Titan Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Investments are made in early-stage companies by Titan Capital.
|
Locked | Locked | Locked | |
|
Early stage venture capital investments are provided by Huddle Ventures.
|
Locked | Locked | Locked | |
|
Investment in Indian startups across technology and fintech sectors.
|
Locked | Locked | Locked |
Investor details for True Diamond
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by True Diamond
Investment portfolio details for True Diamond
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - True Diamond
Detailed financials for True Diamond
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
True Diamond Comparisons
Peer comparison for True Diamond
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of True Diamond
True Diamond operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as House Of Quadri, Emori, Ellixr, Varniya and Avtaara, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
A direct-to-consumer brand offering lab-grown diamond jewelry.
|
|
| Locked | Locked | Locked |
Emori is engaged in selling lab-grown diamond jewellery online.
|
|
| Locked | Locked | Locked |
Multi-category jewelry for women is offered online by Ellixr.
|
|
| Locked | Locked | Locked |
Offers certified lab-grown diamond rings and jewelry for online purchase.
|
|
| Locked | Locked | Locked |
Runs a direct-to-consumer brand offering premium precious jewelry.
|
|
| Locked | Locked | Locked |
Online seller of lab-grown diamond jewelry including rings, necklaces, and earrings.
|
Detailed competitors of True Diamond
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on True Diamond
Complete news archive for True Diamond
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about True Diamond
True Diamond was founded in 2024.
True Diamond is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
True Diamond is a funded company, having raised a total of $4M across 2 funding rounds to date.
As of Mar 21, 2024, the latest employee count at True Diamond is 1.
True Diamond was founded in 2024 and is headquartered in Mumbai, India. The company operates as an online brand in the jewelry sector, specializing in lab-grown diamond products. A range of items is provided, including bracelets, pendants, rings, necklaces, earrings, studs, and cufflinks. Leadership is provided by Co-Founder and Director Darayus Mehta.
True Diamond offers Rings, Pendants, Earrings, Bracelets, and Necklaces.
True Diamond has 20 investors. Key investors include India Quotient, Huddle Ventures, Titan Capital, Ashutosh Valani, and Priyank Shah.
The valuation of True Diamond is $4.63M as of Nov 2024.