Lab-grown diamond brand Fiona Diamonds has secured Rs 6 crore in its seed funding round, with Venture Catalysts leading the investment. Other participants in this round include AC Ventures, Anikarth Ventures, Shantanu Deshpande from Bombay Shaving Company, Eco Brilliance, and Suraj Nalan.
The capital raised will be utilized to support the company’s expansion efforts and drive innovation in the ethical luxury market.
Founded by Parag Agrawal and Saurabh Agrawal, Fiona Diamonds offers customers a meticulously curated selection of solitaire jewelry crafted with lab-grown diamonds.
Fiona Diamonds operates flagship stores in Mumbai, Delhi, and Bengaluru, and has a presence in 10 key cities. It prides itself on being a digital-first brand and boasts a loyal customer base of over 10,000.
