Goldiam International Ltd., a leading diamond jewellery exporter and a fast-growing player in the lab-grown diamond (LGD) segment, has raised Rs. 202 crore through a Qualified Institutional Placement (QIP)
The fundraise, facilitated by Monarch Networth Capital, saw participation from marquee global and domestic investors including Morgan Stanley.
The capital infusion will drive the aggressive expansion of ORIGEM, Goldiam’s consumer-facing LGD jewellery brand, with plans to open 70 to 90 stores across India over the next 18 to 24 months.
“This fundraise marks a defining moment in Goldiam’s journey,” said Anmol Bhansali, Director, Goldiam International Ltd. “With the support of marquee investors, we are now well-positioned to accelerate ORIGEM’s expansion and bring lab-grown diamond jewellery to a much wider audience across India.
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