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Jewelbox raises Rs 3.5Cr led by community-based angel network JIIF, others

IndianStartupNews

IndianStartupNews · 1y ago

Jewelbox raises Rs 3.5Cr led by community-based angel network JIIF, others

Kolkata-based jewellery company Jewelbox has raised INR 3.5 crore ($469,000) in a funding round led by JITO Incubation and Innovation Foundation (JIIF). The startup specializes in creating sustainable luxury jewellery using lab-grown diamonds. The funds will be used for team building and expanding the business, including the opening of more retail stores. With the growing acceptance of lab-grown diamonds in India, Jewelbox aims to capitalize on the expected increase in demand.

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Jewelbox raises $3.2 Mn in pre-Series A round

Entrackr

Entrackr · 5m ago

Jewelbox raises $3.2 Mn in pre-Series A round

Lab-grown diamond brand Jewelbox has raised $3.2 million in a pre-Series A funding round led by V3 Ventures, with participation from Atrium Angels, Dexter Ventures, Infinyte Club, Samarthya Capital, and existing investor JITO Incubation & Innovation Foundation (JIIF). In March 2024, the Kolkata-based startup had raised Rs 3.7 crore in seed funding from JIIF. The proceeds will be used to grow its store network, build brand awareness, and hire across key departments. Founded in May 2022 by siblings Vidita Kochar Jain and Nipun Kochar, Jewelbox sells lab-grown diamond jewellery through both online and offline channels. The firm reported an annual revenue run rate (ARR) of Rs 38 crore for FY25, up from Rs 16 crore the previous year. Jewelbox currently runs eight stores in six cities—Delhi, Gurgaon, Bengaluru, Chennai, Kolkata, and Guwahati—and aims to expand to 30 stores by the end of 2025. In the lab-grown diamond space, Jewelbox will compete with a clutch of firms, including COLUXE, Fiona Diamonds, Limelight Lab Grown Diamonds, and Firefly Diamonds. Aditya Birla-backed GIVA also offers a lab-grown diamond jewellery line. Last month, Firefly Diamonds raised $3 million in its seed round led by WestBridge Capital. Jewelbox and other new brands have asked the Central Consumer Protection Authority (CCPA) to stop the use of the term "synthetic" for lab-grown diamonds, saying it confuses with imitation stones like cubic zirconia.

JIIF investors invest in Rs 350 Cr consumer-focused fund by Atomic Capital

Entrackr

Entrackr · 3m ago

JIIF investors invest in Rs 350 Cr consumer-focused fund by Atomic Capital

Investors from the early-stage angel network JIIF have invested in a Rs 350 crore fund by Atomic Capital, a newly launched consumer-focused venture capital firm. JIIF-affiliated angel investors alone contributed Rs 26.5 crore to the fund. According to JIIF, this is the largest collective bet by JIIF’s investors in the consumer VC space, underscoring rising conviction in India’s next wave of consumption, driven by digital-first brands, regional demand, and wellness-oriented products. Commenting on the investment, Jeenendra Bhandari, Chairman of JIIF, said, “It is a proud moment to see JIIF members backing Atomic Capital’s first fund. Their investment aligns with our broader thesis of supporting category-defining, purpose-led startups. India’s consumer opportunity is massive, and Atomic’s operating model is well positioned to unlock enduring brand value.” Atomic Capital operates with an “Operating VC” approach, offering not just capital but also hands-on support in brand building, growth marketing, supply chain optimization, and leadership hiring. In FY25, JIIF’s investor base deployed over Rs 60 crore across more than 20 startups spanning fintech, healthtech, AI, logistics, and consumer. The network now supports a portfolio of over 150 companies. Mumbai-based Atomic Capital, an early-stage VC firm founded in 2024 by Apoorv Gautam, combines strategic depth with on-ground execution.

Evolve, a mental health startup LGBTQ+ community, raises Rs 2.5Cr led by IAN

IndianStartupNews

IndianStartupNews · 1y ago

Evolve, a mental health startup LGBTQ+ community, raises Rs 2.5Cr led by IAN

Evolve, a mental health startup focused on the LGBTQ+ community, has raised a follow-on funding round of Rs 2.5 crore. Led by the Indian Angel Network (IAN), the round also saw participation from strategic angels. Evolve plans to use the funds to expand its offerings on the app and cater to Diversity, Equity, and Inclusion (DEI) initiatives within corporates. With over 600,000 users worldwide, the startup aims to provide affordable and inclusive mental health care through its curated content, community support groups, and coaching services.

Battery-tech startup Dreamfly Innovations raises $300K raises from Rebalance, others

IndianStartupNews

IndianStartupNews · 2y ago

Battery-tech startup Dreamfly Innovations raises $300K raises from Rebalance, others

Bengaluru-based battery-tech startup Dreamfly Innovations has raised $300,000 in an angel round led by Rebalance Angel Community with participation from IIMA’s CIIE. The startup plans to use the funds for product commercialization and team expansion. Dreamfly offers high-performance, non-flammable, graphene-based battery solutions, with its flagship product, the Graphene Battery, aimed at revolutionizing the drone and aviation industry. The company's batteries also have potential applications in other sectors impacted by Industry 4.0.

Supply chain start-up QuiD raises ₹5 crore

Thehindubusinessline

Thehindubusinessline · 1y ago

Supply chain start-up QuiD raises ₹5 crore

QuiD, a Bengaluru-based supply chain fintech start-up, has raised ₹5 crore in pre-seed funding. The funding round was led by Mint Cap Enterprises and Stone Park Capital, with participation from angel investors including Sushant Kumar of Omidyar Network. The funds will be used to enhance technology capabilities and strengthen relationships with existing clients and partner lenders. QuiD aims to leverage technology, data science, and blockchain to improve access to credit for the anchor and retailer community at the invoice level. Supply chain financing is a market estimated to be around ₹20-lakh crore according to an RBI report.

Sunil Shetty-backed Regrip raises $2 Mn in new round

Entrackr

Entrackr · 1y ago

Sunil Shetty-backed Regrip raises $2 Mn in new round

Bollywood actor Suniel Shetty and IT ministry-backed startup Regrip has raised $2 million about Rs 16.7 crore, in a funding round co-led by Qatar-based venture capital Sirious One, Inflection Point Ventures, and Let’s Venture. The round also saw participation from a host of angel investors, including EaseMyTrip’s co-founder Rikant Pitti, TIE Angels chairman Mahavir Pratap Sharma and Shobitam’s co-founder Aparna Thyagarajan among others Regrip has also provided exit to seed investor IIMA Ventures. The proceeds will be used to fuel the expansion of this innovative technology deployment with tyre companies and further enhance Regrip’s collection network for discarded tyres. It plans to ramp up its impact on the environment by revitalizing discarded tyres, reducing waste, and maximizing their lifespan. Founded by Tushar Suhalka, Regrip is building a network of discarded tyre collection centres. The startup uses quality-grade rubber to make refurbished tyres through shearing and retreading processes.

JIIF leads pre-Series A round in tech-based waste management solution startup Ecowrap

IndianStartupNews

IndianStartupNews · 2y ago

JIIF leads pre-Series A round in tech-based waste management solution startup Ecowrap

Tech-based waste management solution startup Ecowrap has raised an undisclosed amount in a pre-Series A funding round led by JITO Incubation and Innovation Foundation (JIIF).

Healthcare startup PlatinumRx raises $800K led by India Quotient, angels

IndianStartupNews

IndianStartupNews · 1y ago

Healthcare startup PlatinumRx raises $800K led by India Quotient, angels

Indian healthcare startup PlatinumRx has announced raising $800,000 in seed funding, led by IndiaQuotient with participation from angel investors. The company aims to use the funds to expand its warehousing and distribution network, extend its presence across India, and increase its product offerings. PlatinumRx curates substitutes from top brands to ensure patients receive affordable medication with the same salt, strength, and effectiveness. The startup claims to deliver to over 20,000 pin codes within 2-3 days and offers same-day delivery in Bengaluru. Partnership with old age homes and rehab centres strengthens its community impact.

AltUni, an alternative digital university, raises $500K from IAN, angels

IndianStartupNews

IndianStartupNews · 1y ago

AltUni, an alternative digital university, raises $500K from IAN, angels

AltUni, an alternative digital university, has secured $500,000 in funding from Indian Angel Network and various angel investors. The funding will be used to enhance its online platforms and promote community engagement, aiming to prepare India's youth for the digital business industry. AltUni has already raised a total of $1 million in funding and has seen over 4,000 alumni benefit from its programs in just 36 months.

Gujarat's Rogue Opportunities commits Rs 25 crore to invest in Indian startups

IndianStartupNews

IndianStartupNews · 2y ago

Gujarat's Rogue Opportunities commits Rs 25 crore to invest in Indian startups

Ahmedabad-based Rogue Opportunities, a community of founders and strategic angel investors, has announced its commitment of Rs 25 crore to invest in Indian startups in the next 12 months.

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