Liquid Diamonds ready, steady, go to for progress after bagging
9 crores from New York Angels
By Team Startupcity | Thursday, 30 May 2024, 17:27 IST
Liquid Diamonds, a B2B jewel obtaining stage with workplaces in New York and Mumbai, is eager to present a progressive new innovation that guarantees cost transparency, cost savings funds, and real-time access for jewellery retailers across the globe through a system of patented reverse auction.
Already simply accessible to diamond wholesalers, this development was made conceivable by an incredible offering of help from diamond industry veterans as well as specific individuals from the New York Angels, raising over
9 crores ($1.1M).
9 crores ($1.1M).
Varun Alagh of Mamaearth, Aakrit Vaish of Haptik and Miten Sampat of CRED additionally partook in this round.
The financial backers accept the diamond business has been left behind contrasted with different areas like auto, money, and pharmaceuticals. They want to move it into the cutting edge age, drawing in significant capital into the exchange Liquid Diamonds is helping diamond cutting and cleaning organizations, situated in Surat and Mumbai access worldwide discount markets of precious stones & adornments.
Liquid Diamonds has previously worked with the commodity of over
400 crores ($50M) in precious stones from India to the US, exhibiting the force of the stage.
400 crores ($50M) in precious stones from India to the US, exhibiting the force of the stage.
Driven by a protected widespread constant twofold closeout innovation, the platform guarantees diamond purchasers get the best cost by placing providers into open competition with one another.
On the side of supply, they offer a SaaS-based Pricing Co-Pilot that assists diamond providers with estimating their jewels seriously utilizing machine learning and AI.
Pioneers behind Liquid Diamonds, Kashyap Mehta, Imprint Molloy and Chetan Gupta, join their profound family associations in the jewel business with their innovation foundations to change the business. With the cross-line nature of the business, they have product improvement and operations groups situated in the Bharat Diamond Bourse in Mumbai while deals, conveyance and client support capabilities are situated in the Diamond District in New York.
Expressing his commitment towards the diamond market, Kashyap Mehta, CEO of Liquid Diamonds says, "Our vision is to democratize the diamond market, allowing buyers to receive fair market value regardless of whether they are buying 5 or 500 diamonds. This enhanced focus on retailers is an exciting advancement for the whole industry, and we are happy to report an increase in both time spent on the platform and a strong buyer ROI. By opening new opportunities and providing price transparency, we believe this will revolutionize the way the jewellery market conducts business”.



