Priyal Shankar

Mithun Sacheti the poster boy of Indian Jewellery retail was the cynosure of all eyes and ears at the recently concluded Next Gen Leadership summit organised by Gem And Jewellery Export Promotion CouncilÊ(Gjepc). Sharing his views on lab grown diamonds in response to an audience query, Mithun said that lab grown diamonds are not an option for mined diamonds. LGDs are an opportunity to get one crore customers and put one crore engagement rings in their hands. If one approaches it with this viewpoint, one should get into it. Please remember that any electronic or mass manufactured product that does not have throughput will collapse. If you build it as a substitute (to natural diamonds) and its value is derived from it, you are limiting its potential. Natural diamond segment itself serves a very small number of consumers. So how many will you convert from this small base ? It has to be built to address a vey large number of consumers who cannot afford to buy a mined diamond jewellery. If I was in that space that’s what I would do. Unit economics, scale, marketing would have to be derived from this viewpoint. #labgrowndiamonds

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Jewelry startup GIVA has secured ₹100 crore ($12 million) in an extended Series B round led by Premji Invest, marking its first funding raise in 2024. This brings Giva’s total funding to over $60 million, elevating its valuation to approximately ₹2,000 crore. The brand, known for its affordable gold jewelry and lab-grown diamonds, has expanded to 110 physical stores across India. Despite a 96.4% increase in revenue to ₹165 crore in FY23, rising costs have resulted in widening losses. The omnichannel jewelry market continues to draw significant investor interest, with companies like Aukera and Trisu also securing fresh funding. #Giva #SeriesBFunding #PremjiInvest #JewelryStartup #LabGrownDiamonds #OmnichannelRetail #IndianStartups #StartupFunding #GoldJewelry #InvestmentNews #RetailGrowth #TechJewelry #Ecommerce #LuxuryJewelry #JewelryMarket #VCFunding

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#TrueDiamond, a startup specialising in lab-grown diamonds, has secured $1 million in a seed funding round led by Titan Capital. Click on the link below to know more... True Diamond I Parin Shah #funding #retailfunding #capitalraise #retailindustry #retailgrowth #retailing #businessgrowth #Indianretailmarket #retailresults #retailindia #retailupdates #retailsectornews #businessnews  #retailbusiness #ir #IndiaRetailing

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Barrierless deliveries builds a strong B2B foundations. For #b2b relationship to evolve, a continuous thought towards the deliveries we are not contracted for is a must. We often relates to our growth as KRA’s and Contract Obligations while thats merely sustaining around contract , the growth lies beyond whats outlined. #B2B #BusinessRelationships #Partnerships #Networking #Collaboration #BusinessDevelopment #ProfessionalNetworking #B2BConnections #IndustryPartners #ClientRelations

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Arushi Kalsi the dynamic founder of Overdrive Shoes, has carved a niche in the competitive world of fashion. At Overdrive Shoes women are at the forefront, leading every level of operations, a philosophy Kalsi passionately champions. She believes that shoes play a significant role in expressing one's personality, and this belief drives the brand's mission. Founded in 2018, Overdrive is a brand committed to merging style and comfort. Backed by a 30-year-old export house, Overdrive offers a taste of European fashion with its high-quality leather footwear. Kalsi’s aim is to introduce the elegance of Italian designs and the durability of German craftsmanship to the Indian market. The brand stands as a symbol of status and sophistication, inviting everyone to experience affordable luxury. The journey of Overdrive began with a legacy rooted in resilience. In 2013, a devastating fire destroyed Metro & Metro, the family’s shoe factory in Agra. The tragedy struck a double blow when Dwarka Nath Kalsi, the founder, passed away from the shock. His son, Ajit Nath Kalsi, faced the monumental task of rebuilding the business from the ashes. Despite the setbacks, including another fire in 2014, Ajit’s perseverance restored the company’s stature. Arushi, inspired by her father's determination, joined the family business after graduating in economics from Delhi University. Embracing the challenge, she moved to Germany to study at the Deutsche Schuhfachschule (German College of Footwear Design and Technology) and interned at Peter Kaiser, an iconic shoe company. Her dedication paid off, and in 2018, she launched Overdrive, infusing fresh energy into Metro & Metro’s legacy. Starting a new brand in a male-dominated industry was no small feat. Arushi tackled every aspect of the business, from designing and packaging to social media marketing. Her hands-on approach and unwavering commitment helped build a strong foundation for Overdrive. Over time, she assembled a dedicated team of 15 members who share her passion for quality and elegance. Overdrive faced the challenge of establishing itself in a market dominated by brands like Hush Puppies, Clarks, and Red Tape. Arushi’s strategy focused on direct-to-consumer sales, leveraging online platforms like Flipkart and Amazon. Her efforts paid off, with sales steadily increasing before the pandemic hit. Today, Overdrive has a loyal customer base in Maharashtra, Tamil Nadu, and Delhi-NCR. Marketing experts believe Overdrive has a bright future. The brand’s heritage in leather craftsmanship ensures a commitment to quality, and its competitive pricing appeals to discerning customers. Arushi Kalsi’s story is one of inspiration and empowerment. Her relentless pursuit of excellence and her belief in the power of women in business continue to drive Overdrive forward,creating a legacy that will inspire generations to come. Madhuri Awande Visit website: https://lnkd.in/dwVWAA33 #startup #shoeindustry

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How Tanishq Became the No. 1 Jewellery Brand in India An excerpt from the book "The Tanishq Story", by C.K. Venkataraman - Humble beginnings in exports to the vision of becoming the "Tiffany of the East" - Addressing industry issues of gold purity - Adapting to consumer needs - Building trust and loyalty - Diversification with sub-brands - CaratLane acquisition - International expansion Today, Tanishq proudly holds the largest share (over 8%) of the Indian jewellery market, setting a gold standard for others to follow Read more about their inspiring journey! Link in the first comment #Mywisdomlane #BusinessSuccess #Innovation #CustomerCentricity #JewelleryIndustry #MarketLeadership #Tanishq #TheTanishqStory #Jewellery #Brand

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💎 Exciting news for investors! The P N Gadgil Jewellers Limited IPO has launched today, and GCL Broking recommends investors to Apply for Long Term. This is a good opportunity to invest in one of India's most renowned and trusted jewelry brands, known for its legacy of quality craftsmanship and a vast collection of exquisite designs. Why Consider P N Gadgil Jewellers Limited IPO? ✨ A strong heritage and established brand presence in the jewelry industry. ✨ Expanding retail footprint across India with plans for further growth. ✨ Consistent revenue growth with a focus on premium and designer jewelry. With a solid business model and future growth potential, P N Gadgil Jewellers Limited stands as a strong contender for long-term wealth creation. Don’t miss this chance to add a gem to your portfolio! 📝 Apply now with GCL Broking and secure your investment for a shining future! 🌟 📞𝘾𝙖𝙡𝙡 𝙪𝙨 𝙖𝙩 𝟬𝟭𝟰𝟭𝟲𝟲𝟮𝟱𝟱𝟬𝟬 or visit our website https://gclbroking.com #pngadgil #pngadgiljewellers #pngadgiljewellersipo #GCLView #InvestmentOpportunity #StockMarket #InvestmentAdvice #InvestmentAlert #finance #StockMarketNews #IPO #ipoallotment #IPOAlert #iponews #ipoupdate #ShareMarket #Stocks #stockmarketindia #stockmarkettoday #stockmarketinvesting #sharemarkettoday #sharemarketnews #invest #Investing #investments #stockmarketsuccess #InvestSmart #investwisely #stocktrading #upcomingipo

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A recent report published by global consultancy firm McKinsey & Company has found that India will be the focus for high street fashion brands now that they ...

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True Diamond, a Mumbai-based lab-grown diamond jewelry startup, has raised $1 million in seed funding from Titan Capital, Huddle Ventures, Zeropearl Ventures, and several high-profile investors, including Ashutosh Valani, Priyank Shah, and Aashka Goradia Goble. The funds will be used to expand the team, enhance brand visibility, and open boutique stores in Mumbai and Delhi NCR. Founded in January 2024 by Parin Shah and Darayus Mehta, True Diamond offers a sustainable, high-quality range of lab-grown diamond jewelry. The company aims to redefine luxury with customizable designs and a focus on ethical, eco-friendly practices. #TrueDiamond #LabGrownDiamonds #JewelryInnovation #SustainableLuxury #SeedFunding #TitanCapital #HuddleVentures #ZeropearlVentures #EthicalJewelry #JewelryDesign #LuxuryRedefined #SustainableFashion #Startup77

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The Booming Gifting Market in India: 2024 Insights The gifting culture in India is evolving rapidly, driven by changing consumer preferences, economic growth, and the rise of e-commerce. As we step into 2024, the Indian gifting market is projected to reach new heights, offering immense opportunities for businesses and consumers alike. 📈 Market Size & Growth: - The overall gifting market in India is expected to grow at a robust rate, with the market size estimated to reach USD 72.56 billion by 2024. - The gift card and incentive card market alone is projected to grow to USD 8.9 billion in 2024, with a CAGR of 15.3% from 2024 to 2028. 🎁 Key Trends: - Personalized Gifting: Customized gifts are becoming increasingly popular, especially among the younger generation. Personalization adds a unique touch, making gifts more meaningful and memorable. - Corporate Gifting: Companies are leveraging gifting as a strategy to reward employees, clients, and business partners. This segment includes a range of products such as office accessories, gadgets, and promotional items. - Online Gifting: The convenience of online shopping has led to a significant rise in the online gifting market. E-commerce platforms offer a wide variety of gifting options, catering to diverse preferences and occasions. 🌐 Opportunities: - The market offers significant opportunities for both domestic and international players, especially in the areas of personalization, innovation, and digitalization. - With the increasing disposable income and growing awareness of gifting etiquette, premium and luxury gifting items are in high demand. As we navigate through 2024, the gifting market in India continues to thrive, driven by cultural traditions, economic growth, and technological advancements. Let's embrace this growth and explore the endless possibilities in the world of gifting! 🎉 https://lnkd.in/g78Wu5Qg #GiftingMarket #IndiaGifting #PersonalizedGifts #CorporateGifting #Ecommerce #MarketTrends #HouseOfSeptember

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💎 True Diamond: Revolutionizing the Jewelry Industry with Lab-Grown Diamonds! True Diamond founded in January 2024 by Parin Shah and Darayus Mehta, a game-changing startup founded in January 2024, has secured $1 million in seed funding led by Titan Capital. The company is transforming the jewelry business in India by offering 100% certified, sustainable lab-grown diamonds that combine exceptional quality with a commitment to the environment. Here’s how True Diamond will reshape the jewelry industry in India: 1️⃣ Sustainable Luxury: By focusing on lab-grown diamonds, True Diamond is making ethical, conflict-free, and eco-friendly luxury accessible to a wider audience. 2️⃣ Quality and Affordability: Offering high-quality diamonds at competitive prices, True Diamond is challenging traditional pricing models, making luxury jewelry more affordable. 3️⃣ Consumer Education: With a strong emphasis on sustainability, the brand will educate consumers on the environmental benefits of choosing lab-grown diamonds. 4️⃣ Expansion and Accessibility: The funding will support the opening of boutique outlets in Mumbai and Delhi NCR, bringing lab-grown diamonds to more consumers across India. 5️⃣ Branding and Trust: True Diamond is building a strong, trusted brand that resonates with environmentally conscious, millennial, and Gen Z consumers. This innovative approach is set to disrupt the Indian jewelry market, offering a sustainable and affordable alternative to mined diamonds while appealing to the growing demand for eco-conscious luxury. 🌱💍 #Jewelry #LabGrownDiamonds #TrueDiamond #EthicalLuxury #Diamonds #Sustainable #EcoFriendly #Jewels #Delhi #India #Startups #StartupIndia #Busiess #Market #Growth #BusinessStrategy #Jewellry #NCR #Innovation #Hypes Start Big, Start Here.

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Building on my previous discussion regarding the hesitant stance of big brands towards lab-grown diamonds (LGDs), it’s crucial to delve into the consumer awareness aspect that is reshaping the industry. Today, an increasing number of Indian consumers are becoming informed about the benefits of LGDs. Educational campaigns and transparent marketing by newer brands are pivotal in this shift. Furthermore, as consumer knowledge deepens, the narrative that LGDs are 'lesser' than mined diamonds is losing ground. The quality, brilliance, and authenticity that LGDs bring, identical to that of natural diamonds, at 20% of the cost of their mined counterparts, are compelling selling points that resonate with informed buyers. As awareness grows, we might see a tipping point where consumer demand directly influences more big brands to openly embrace and promote LGDs. Even customers of small local jewelers are inquiring about LGD and buying them in tier 2 and 3 cities. Pace is slow but steadily increasing. This ongoing evolution promises a fascinating journey towards broader acceptance and appreciation of lab-grown diamonds in the jewellery industry. #DiamondsOfTheFuture #ConsciousConsumer Not all gems are mined, but ours are definitely min(e)d-blowing. 😀

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A recent report published by global consultancy firm McKinsey & Company highlights that India is becoming a key focus for high-street fashion brands as they increasingly turn to Asian growth markets. Read more at https://lnkd.in/gvS-K_-N #Mckinsey #fashion #asia #IBT #IBTInsights

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🚨 🐇 Rare Rabbit to raise $61 mn from A91 Partners, Manyavar promoters 1️⃣ Radhamani Textiles, which owns menswear brand Rare Rabbit, is closing its maiden round of institutional funding. It will receive $61 million (Rs 500 crore) primarily from growth-stage investment firm A91 Partners. 2️⃣ The family office of the promoters of ethnic wear chain Manyavar and Zerodha co-founder Nikhil Kamath are also participating in the round. 3️⃣ The deal, first reported by Aditi Shrivastava in October 2023, will value the company at over $300 million. It includes a secondary share sale of approximately $30 million (Rs 250 crore) by Rare Rabbit co-founder Manish Poddar. 4️⃣ Rare Rabbit also held talks with Tata Group’s investment arm for a 13% stake, according to a Reuters report. However, this did not materialize due to an inability to reach a consensus on the valuation. Article link in comments #fashion #d2c #brands #rarerabbit #funding

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💡The Rise of India's D2C Jewellery Market 💡 The Indian direct-to-consumer (D2C) jewellery sector is experiencing a remarkable transformation. Here are some key highlights: ▶️ Funding Surge: Over 550 startups have attracted $103 million in funding this year, bringing the total for 2023 to $104 million—a 57% increase from 2022's $66.3 million. ▶️ Record Q3: This year’s third quarter achieved the highest funding levels in the segment's history, securing an impressive $71.5 million. ▶️ Key Investment Hubs: Major cities driving this growth Bengaluru alone contributing 77% of total funding. ▶️ Global Leader: India has surpassed the US and Finland to capture over 40% of the global D2C jewellery funding market. ▶️ Consumer-Centric Growth: Neha Singh, Co-Founder of Tracxn, emphasizes that this growth is fueled by brands adapting to consumer demands, focusing on sustainability and leveraging digital technologies. T▶️ echnological Advancements: The investment surge reflects changing consumer preferences for personalized shopping experiences, driven by innovations like virtual try-on features and AI-driven customization. ▶️ Key Players: Notable companies leading this trend include BlueStone (raised $193 million in two years) and Ultrahuman ($39.6 million). Prominent Investors: Major players like Saama Capital, Accel, and Kalaari Capital are crucial in this growth trajectory. As we witness this exciting evolution, it's clear that innovation and a consumer-centric approach will shape the future of the jewellery industry in India. The journey is just beginning—let's embrace this transformative wave together! #D2C #Jewellery #Innovation #Investment #Sustainability #Tech #Startups #India Keep watching this space. eastindiaretail.com is here to forge better connections for the vibrant and rapidly growing retail industry in Eastern India. DM us at [email protected] Piyali Roy Oberoi East India Retail Connect

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Budget 2024: Key Benefits for India’s Gem and Jewellery Industry Budget 2024 has ushered in beneficial measures for India’s gem and jewellery sector. The changes and impact are summarised here. #Budget2024 #GemAndJewellery #EconomicReforms #IndiaShines

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Diamond Luxury with The6C: India’s take on Lab-Grown Diamonds 💎 In a world where conscious consumerism is transforming industries, The6C is spearheading a quiet revolution in India's diamond jewellery market. Founded in 2024 by Rajat Gaur, Shuchi Gunwant, and Mohit Lakhani, this D2C brand is making lab-grown diamonds (LGDs) the ultimate choice for modern buyers seeking sustainability, affordability, and luxury. 🔸Why Lab-Grown Diamonds? Lab-grown diamonds are chemically, physically, and optically identical to mined diamonds but offer significant advantages: 🔹Sustainable and ethical, with a much lower carbon footprint. 🔹 Affordable, costing just 10% of mined diamonds, making luxury accessible. 🔹 Perfect for bold, creative designs—from marquise to heart-shaped cuts. As co-founder Shuchi Gunwant puts it: “Think of LGDs as IVF babies—created in a lab under controlled conditions but just as real and precious.” 🔸The Future of Jewellery in India India’s $80 billion jewellery market is witnessing a shift, with LGD jewellery growing at a 15% CAGR and projected to hit $1 billion by 2031. The younger generation, especially millennials and Gen Z, is leading the demand for diamonds that align with their values of ethics and sustainability. 🔸A Seamless Retail Experience The6C offers a 360-degree omnichannel strategy: 🔹 A stunning store in Udaipur for an immersive experience. 🔹 A robust online platform for digital convenience. 🔹 Offline events across India to connect directly with customers. 🔸The Bigger Picture Lab-grown diamonds are more than just a trend—they represent sustainable luxury that meets the needs of the conscious consumer. As Shuchi explains: “The younger generation doesn’t just want a diamond; they want a story—something that aligns with their values.” The6C is redefining what luxury means in India—accessible, ethical, and stylish. 📣 Looking for More Inspiring Startups? We at Karo Startup are always on the lookout for founders and changemakers like The6C. If you’re based in Delhi NCR, Bengaluru, Pune, or Mumbai, join us for our podcast and share your story. 🔗 Link in Bio. DM us now to connect. #LabGrownDiamonds #SustainableLuxury #The6C #ConsciousConsumerism #DiamondJewellery #LuxuryRedefined

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I often say Titan is the only conglomerate in India who has consistently built 0-1 scale brands in multiple categories - Titan watches, Tanishq, Fastrack, Skinn, Titan Eyewear, and now Taneira. It's not surprising that it has had only 3 CEOs since inception, with the first two CEOs having stints of 16 and 19 years respectively. They are the true heroes of India's consumer story, building brick by brick the most iconic household brands that have reshaped categories, outlasting trends and cycles. Founders and investors alike need to learn this long term outlook, the ability to think in decades and execute with discipline and patience. The game is long, and the rewards for winning the long game are beyond imagination! https://lnkd.in/gNmkMfdk

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