Exclusive: True Diamond Bags $3 Mn From India Quotient, Others

True Diamond, a Mumbai-based lab-grown diamond startup, has secured $3 million (INR 26 crore) in a fresh funding round. The round was led by India Quotient, with participation from Titan Capital and Huddle Ventures. This new investment comes just six months after the startup raised $1 million in a seed round. The fresh capital will be used to scale up True Diamond's omnichannel presence, focusing on expanding its offline retail footprint. The company, founded in 2024, emphasizes sustainability and innovation in its lab-grown diamond jewelry, offering an ethical alternative to natural diamonds.