True Diamond funding, investors and company details

True Diamond is an emerging Jewellery startup from Mumbai, working in the space of Sells a wide range of Jewellery. Founded by Darayus Mehta, Parin Shah.

Company: Truecarat Diamonds Private Limited
Sector: Jewellery
Location: Mumbai
Founders: Darayus Mehta, Parin Shah
Total funding raised: ₹34.46 Cr

Company overview

True Diamond, which was founded in 2024, sells a wide range of goods, including men's collections and personalized jewelry, as well as rings, earrings, pendants, necklaces, bracelets, and mangalsutras. It aims to make jewelry shopping for Indian consumers more convenient and modern. The brand emphasizes bold style, high-quality materials, innovative designs, and reasonably priced luxury. With plans to open more in other major cities, it has already opened stores in Hyderabad, Noida, and Mumbai.

Funding rounds

Latest round: ₹26.00 Cr. ($ 3.03 Mn), 2025-06-04. Investors: Titan Capital, Huddle Ventures
Past round (Seed): $ 1.00 Mn (₹8.46 Cr.), 2024-11-26. Investors: Huddle Ventures, Zeropearl VC, Ashutosh Valani (Renee Cosmetics), Ghazal Alagh (Honasa Consumer), Abhishek Goyal (Tracxn)