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Solitario Lab Grown Diamonds raises $3.6M in pre-IPO funding

YourStory LogoYourStory4d ago

Solitario Lab Grown Diamonds raises $3.6M in pre-IPO funding - YourStory

Quick Summary:

The newly raised capital will be used to expand Solitario's retail network both domestically and internationally, enter new geographical markets, enhance branding and marketing initiatives.

The Indian gem and jewellery market is projected to grow from $43 billion in 2021 to $91 billion by 2025.

In FY2024, the company reported revenues of Rs 52 crore, demonstrating significant growth from Rs 24.3 crore in FY2023.

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Solitario Lab Grown Diamonds raises $3.6M in pre-IPO funding - YourStory (Picture 1)

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-18 @ 07:56:35 (4 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 331 words

Reading Time: 2 minutes read

Sentences: 24 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 26247253

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About YourStory

YourStory Logo

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 9 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

Publisher Details

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The story "Solitario Lab Grown Diamonds raises $3.6M in pre-IPO funding" was covered 4 days ago by YourStory, a news publisher based in India.

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The outlet is headquartered in India and publishes an average of 9 news stories per day.

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  • News ID: #26247253
  • URL: https://beamstart.com/news/solitario-lab-grown-diamonds-raises-17398678372782

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