Fiona Diamonds Secures Seed Funding for Growth and Innovation

Fiona Diamonds
Preeti Bali / 1:39 pm / March 13, 2024

Venture Catalysts Leads Investment Round in Lab-Grown Diamond Brand

Fiona Diamonds, a brand specializing in lab-grown diamonds, has secured Rs 6 crore in its initial funding round. Venture Catalysts spearheaded the investment, joined by other prominent participants:

  • AC Ventures
  • Anikarth Ventures
  • Shantanu Deshpande (Founder of Bombay Shaving Company)
  • Eco Brilliance
  • Suraj Nalan

Fueling Expansion and Ethical Luxury

The funding will be utilized to propel Fiona Diamonds’ growth strategy and drive innovation within the ethical luxury market.

Curated Collections and Brand Presence

Founded by Parag Agrawal and Saurabh Agrawal, Fiona Diamonds offers a meticulously chosen selection of exceptional solitaire jewelry featuring lab-grown diamonds.

The company positions itself as a “digital-first” brand with a loyal customer base exceeding 10,000. Fiona Diamonds boasts flagship stores in major Indian cities like Mumbai, Delhi, and Bengaluru, along with a presence in 10 additional locations across key urban centers.

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