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[FUNDING NEWS] India-Based Liquid Diamonds Secures $1.1 Million in Funding

A B2B diamond sourcing platform provider situated in Mumbai, India, Liquid Diamonds has $1.1Million in investment.

A B2B diamond sourcing platform provider situated in Mumbai, India, Liquid Diamonds has $1.1Million in investment.

Supporters included CRED’s Miten Sampat, Aakrit Vaish from Haptik, and Varun Alagh from Mamaearth. The corporation plans to increase operations and reach in the business with the money.

Read also – Israel-Based Firefly Secures $23 Million in Series A Funding

Liquid Diamonds is a digital firm in the diamond sector that was founded by Kashyap Mehta, Mark Molloy, and Chetan Gupta. It has offices in Mumbai and New York and provides a B2B sourcing platform for jewellery and diamond businesses.

With price transparency and liquidity brought to the diamond market, suppliers will be able to swiftly offload their inventory and buyers will be able to acquire at fair market value with ease.

With the use of a unique universal continuous double auction technology, the platform puts suppliers in direct competition with one another, guaranteeing that diamond purchasers receive the best deal.

Read also – Unlimited Robotics Secures $5 Million in Seed Funding

They provide a software as a service (SaaS) pricing co-pilot to assist diamond suppliers in setting competitive prices for their stones through the application of machine learning and artificial intelligence.

About Liquid Diamonds

With the use of technology and data, Liquid Diamonds, a Co-Pilot for B2B Diamond Sourcing, enables buying teams at jewellery and diamond enterprises to source diamonds with more certainty.

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