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Solitario Diamonds closed a fresh funding round valued at Rs 300 crores, with Gautam Budhrani as a strategic investor to support expansion in Delhi NCR and investments in retail.

Jul 17, 2025

Round Type

Seed

PuneManufacturingFashionJewelry

Investors

Gautam Budhrani

Description

Solitario Diamonds has secured a fresh round of funding at a valuation of Rs 300 crores. This capital will facilitate the brand's expansion in the Delhi NCR region and enhance investments in various aspects of its business. Gautam Budhrani joins as a strategic investor, empowering Solitario's vision for growth in the luxury market. The brand aims to elevate its prestige in lab-grown diamond luxury, with a target to exceed Rs 200 crores in annual turnover by FY 2026.

Quick answer

Solitario Diamonds raised an undisclosed amount in a Seed round, dated July 17, 2025. Investors: Gautam Budhrani. Solitario Diamonds is based in Pune, Maharashtra, India.

How much did Solitario Diamonds raise?
Solitario Diamonds raised an undisclosed amount in a Seed round on July 17, 2025.
Who invested in Solitario Diamonds?
Gautam Budhrani is named as investors in this round.
What does Solitario Diamonds do?
Solitario is a leading lab-grown diamond brand specializing in eco-conscious diamond jewellery.
Where is Solitario Diamonds based and how big is it?
Solitario Diamonds is based in Pune, Maharashtra, India. Fundz records about 201 employees.
Who are the decision-makers at Solitario Diamonds?
Fundz holds 2 contacts at Solitario Diamonds. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Fashion and Jewelry around the same time

Companies in the same sectors as Solitario Diamonds that raised within 45 days of this round, from Fundz verified event records.

  • Titan raised $74M (Funding Round) on August 13, 2025.
  • Nuyug raised an undisclosed amount (Pre-Seed) on August 27, 2025.
  • DCG Tech raised $1.7M (Pre-Series A) on July 17, 2025.
  • Hadrian raised $260M (Series C) on July 17, 2025.
  • Gen Phoenix raised $15M (Funding Round) on July 15, 2025.
  • GLD raised an undisclosed amount on July 7, 2025.

Who to call at Solitario Diamonds, and when

A new round usually means Solitario Diamonds is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Solitario Diamonds

Location

Pune, Maharashtra, India

About

Solitario is a leading lab-grown diamond brand specializing in eco-conscious diamond jewellery. The company, co-founded by industry veteran Ricky Vasandani and Bollywood actor Vivek Oberoi, crafts sustainable pieces that combine cutting-edge technology with traditional craftsmanship. Solitario offers an extensive collection of more than 500 unique designs, ranging from everyday wear to high-end luxury items. They are committed to environmental sustainability and responsible practices, positioning themselves as pioneers in the lab-grown diamond jewellery sector.

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Strategic

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Solitario Diamonds raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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