Goldiam International raises Rs 202 crore through QIP
This fundraise marks the largest such funding for a lab-grown diamond retail play, nearly double of nearest VC-funded competitors
Goldiam International has successfully raised Rs 202 crore through a Qualified Institutional Placement (QIP), with participation from marquee funds. This fundraise will serve as the growth catalyst for ORIGEM, Goldiam’s consumer‐facing LGD jewellery brand in India, enabling an accelerated rollout of 70‐90 stores across India over the next 18-24 months. This fundraise marks the largest such funding for a lab‐grown diamond retail play, nearly double of nearest VC‐funded competitors. ORIGEM, which has already launched 6 stores in the last 10 months, has received an encouraging response from customers, validating the company’s vision of building India’s leading LGD retail franchise.
Goldiam International is into the business of manufacturing and exporting Jewellery. The company’s product line consists of varieties of designs, in Rings, Earrings, pendants etc.
