"Liquid Diamonds Raises $1.1M Funding to Expand and Enhance Diamond and Jewelry Platform"
Liquid Diamonds Raises Rs. 9 Crores in Funding
Liquid Diamonds' Funding and Expansion
Key Highlights:
- Funding: Raised Rs. 9 Crores ($1.1M) in funding from investors including Varun Alagh, Aakrit Vaish, and Miten Sampat.
- Business Reach: Planning to expand operations and reach in the diamond and jewelry industry.
- Technology Platform: Offers a B2B sourcing platform with price transparency and liquidity for diamond and jewelry businesses.
Liquid Diamonds' Target Market
- Diamond and Jewelry Businesses: Targeting B2B customers in the diamond and jewelry industry, including retailers, wholesalers, and manufacturers.
- Buyers and Suppliers: Providing a platform for buyers to purchase diamonds at fair market value and suppliers to liquidate their inventory instantly.
- Global Market: Operating in Mumbai and New York, targeting customers worldwide in the diamond industry.
What Liquid Diamonds Needs to Buy
- Technology Development: Investing in AI and machine learning capabilities to enhance their pricing co-pilot and continuous double auction technology.
- Marketing and Sales Support: Partnering with marketing agencies and sales experts to expand their customer base and increase market penetration.
- Industry Partnerships: Collaborating with diamond and jewelry industry associations and organizations to establish credibility and gain industry insights.