Liquid Diamonds, a Mumbai, India-based supplier of a B2B diamond sourcing platform, raised Rs. 9 Crores ($1.1M) in funding.
Backers included Varun Alagh of Mamaearth, Aakrit Vaish of Haptik and Miten Sampat of CRED.
The corporate intends to make use of the funds to develop operations and its enterprise attain.
Based by Kashyap Mehta, Mark Molloy and Chetan Gupta, Liquid Diamonds is a know-how startup within the diamond trade with places of work in New York and Mumbai that provides a B2B sourcing platform for diamond and jewellery companies. It goals to convey value transparency and liquidity to diamonds, enabling consumers to buy at truthful market worth rapidly and simply, whereas providing suppliers the chance to liquidate their stock immediately.
Empowered by a patented common steady double public sale know-how, the platform ensures diamond consumers get the perfect value by placing suppliers into open competitors with one another. On the provision facet, they provide a SaaS-based pricing co-pilot that helps diamond suppliers value their diamonds competitively utilizing synthetic intelligence (AI) and machine studying.
FinSMEs
31/05/2024
