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Lab-grown diamond brand Zinara raises Rs 3.61 crore pre-seed round led by Inflection Point Ventures

Zinara, a Delhi NCR jewellery brand, has crossed Rs 1 crore in annual recurring revenue. The $380K round will fund team expansion, marketing and a stronger supply chain.

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The numbers

Figures from Entrackr,

Designs offered: more than 400

Why it matters for the brand

Zinara, a Delhi NCR lab-grown diamond brand, has crossed Rs 1 crore in annual recurring revenue with more than 400 designs, so jewellery retailers should expect more assortment and marketing pressure in lab-grown as it spends its Rs 3.61 crore ($380K) on its team, marketing and supply chain.

What to track next

  • Zinara announcing annual recurring revenue above the Rs 1 crore it has already crossed
  • A seed-round announcement or a regulatory filing showing fresh capital
  • Expansion of the catalogue beyond 400 designs or the launch of new product categories
  • Announcements of new manufacturing or logistics partners, or a first offline or experience-centre presence
  • Other lab-grown jewellery brands announcing funding rounds or price cuts

The source

Source Read the source at Entrackr

Published

Also reported by Indian Retailer, ET Retail, IMAGES Business of Fashion, India Retailing, Entrepreneur India Entrepreneur India re-reported it (no new facts)

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