D2C jewellery startup Salty raises Rs 5 crore in funding led by All in Capital, Anicut Capital
Jan 29, 2024•almost 2 years ago
Amount Raised
$50 Million
New DelhiRetailFashionInvestors
Jk GroupSuashish DiamondsAnicut CapitalAll In Capital
Description
D2C jewellery startup Salty has raised Rs 5 crore in a funding round led by All in Capital and Anicut Capital, with strategic investments from Suashish Diamonds, JK Group, and other angel investors. The fresh funds will be used to expand the workforce, launch a new product range, and achieve a Rs 40 crore annual revenue run rate in 2024. The company aims to expand its design range to include over 3,000 products and strengthen its brand's digital presence with the release of an app.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech