Jewelbox Company Profile in this blog, we take a closer look at Jewelbox, a newly established company that recently made waves in Shark Tank Season 3. With its innovative approach and unique offerings, Jewelbox has quickly garnered attention in the competitive jewelry market.
| Net Worth | Rs 33.33 Crore |
| Total Funding Raised | Rs 5.57 Crore |
| Revenue | Rs 3.87 Crore |
| Valuation | Rs 40-50 Crore |
| Turnover | Rs 3.7 Crore |
This comprehensive analysis will highlight Jewelbox’s Owner, showcasing their vision and leadership. We’ll examine the company’s impressive net worth and the funding journey that has driven its growth along with some other financial expects of the company.
Before moving on to the financial of the company lets have a brief discussion on what this company does, what are it was started and with which legal entity the company is associated with in the past few years.
Basic Information About Jewelbox Company From Kolkata:
Table of Contents
Jewelbox which was Founded in year 2022, aims to revolutionize the jewelry industry in India by establishing a thriving market for lab-grown diamonds, while also offering a stunning range of handcrafted jewelry items to its customers.
What does Jewelbox do?
Jewelbox is a modern company specializing in the production of lab-grown diamonds in India, which possess a similar construction and structure to natural diamonds. However, lab-grown diamonds offer additional benefits, including lower costs, larger sizes, and a more environmentally friendly production process.
Which legal entities is Jewelbox associated with India?
Currently, Jewelbox operates under the legal entity “Riyaana Creations Private Limited” which was incorporated on July 15, 2021.
| Legal Entity Name | Date of Incorporation |
|---|---|
| Riyaana Creations Private Limited | July 15, 2021 |
Having established a foundational understanding of Jewelbox and its legal entity, let’s turn our attention to the visionary founder behind this innovative company.
Join us as we delve into the Jewelbox Company Profile, uncovering the inspiration and drive that fueled the creation of Jewelbox.
JewelBox Owner:
Nipun Kochar and Vidita Kochar are the owners and co-founders of Jewelbox, a revolutionary brand striving to establish a market for lab-grown diamonds in India.
Founded in 2022, the company is dedicated to creating high-quality, sustainable diamond alternatives that not only meet the demands of modern consumers but also promote environmental responsibility.
If you want to find details about the owner of Jewelbox then feel free to have a look over to there LinkedIn where you will find details about there education, experience and more I am providing the link of there profile in the list below:
- Nipun Kochar LinkedIn Profile
- Vidita Kochar LinkedIn Profile
Now lets move on to the next topic in Jewelbox Company Profile where we will be primarily focusing on the net worth of Jewelbox company.
Jewelbox Net Worth:
In a thrilling update from Shark Tank Season 3 on Feb 09,2024, the company has secured a funds of Rs 2 crore skyrocket its net worth to an impressive Rs 33.33 crore.
This exciting development showcases the confidence investors have in the brand’s potential and sets the stage for an exciting journey ahead. Stay tuned as this venture continues to make waves in the entrepreneurial landscape.
Alongside this remarkable boost in its value, the company is gearing up for even greater success, aiming to increase its net worth by at least tenfold by the end of the financial year 2024-2025.
Let’s dive deeper into the “Jewelbox profile” and explore the essential financial aspects crucial for its growth. In this section, we will primarily focus on the investors who have played a significant role in driving the company’s success.
Jewelbox Investors In India:
Jewelbox has attracted significant interest from investors Aman Gupta, Vineeta Singh, Peyush Bansal, and Ritesh Agarwal, securing $241K (about Rs 2 crore) in angel funding for a 6% equity stake. This endorsement underscores strong investor confidence in the company’s potential and growth trajectory.
Now that we’ve introduced the key investors driving the growth and funding of the company, let’s move on to the next part of the blog: the total funding that Jewelbox has raised to date by digging deep into the Jewelbox Company Profile overview.
Jewelbox Funding:
Jewelbox has successfully raised a total of $241K (approximately Rs 2 crore) through its sole angel round of funding in shark tank season 3 for 6% equity of his company.
| Date of Funding | Funding Amount | Round Name |
|---|---|---|
| Mar 19, 2024 | $422K | Seed |
| Feb 09, 2024 | $241K | Seed |
How much funding has Jewelbox raised till date?
Till now the company has raised a total funding of $663K over 2 rounds its first funding round was conducted on Feb 09, 2024 and its last funding round according to news article was conducted on Mar 19, 2024.
Moving on to the next segment of the “Jewelbox Company Profile”, let’s dive into the revenue generated by the company. Let’s explore how Jewelbox has been performing financially.
Jewelbox Revenue:
According to the latest update on March 31, 2023, Jewelbox reported a revenue of $461K which is roughly equal to Rs 3.87 Cr for the year 2023.
Looking at the current year’s revenue, the company has significantly surpassed its previous year’s figures and is on track to achieve the projected revenue of approximately Rs 12-20 crore by the start of the financial year 2024-2025.
I’ve outlined the year-on-year revenue growth of Jewelbox from 2022 to 2024, along with the projected revenue growth for 2024. This will provide you with a comprehensive view of the company’s financial progress and future outlook.
| Financial Year 2022-2023 Revenue: | Rs 3.8 Crore |
| Financial Year 2023-2024(Till Oct) Revenue | Rs 5.2 Crore |
| Financial Year 2023-2024 Projected Revenue | Rs 12 Crore |
Now moving on to the next part of the blog where we will be primary talking on the competitors of Jewelbox company Overview.
Jewelbox Competitors:
Competitors are key players in determining the market landscape for any new startup. The more intense the competition, the harder it becomes to capture a significant market share, which can put a cap on your company’s growth potential.
Navigating a competitive field can challenge your strategy, but it also pushes you to innovate and stand out.
List of top 3 competitors of Jewelbox:
- Limelight
- Fiona Diamond
- Aukera Jewellery
Now since we have covered the competitors of Jewelbox in Jewelbox Company Profile lets move on to the next part on company financial that is the valuation of the company that is important in determining the over all status of the company.
Jewelbox Valuation:
After securing Rs 2 crore from the sharks on Shark Tank India, Jewelbox achieved an impressive old valuation of Rs 33.33 crore. Since then, the company has seen significant growth, and according to the latest update from a recent funding round, its valuation is now in 2024 is estimated to be between Rs 40-50 crore.
After getting the help and support from various investors its valuation is further going to Increase by the end of financial year 2025.
Now its time to move on to our next topic where we will be primally talking about the total turnover of the company.
Jewelbox Turnover:
As of the latest update on March 31, 2024, the company has steadily achieved a turnover of approximately Rs 3.7 crore ($461k) for the financial year 2023-2024. These impressive figures, especially for a startup, reflect the founders’ seasoned expertise and strong brand-building skills within the sector.
Now, let’s wrap up the Jewelbox company profile by delving into the final topic that is set to have a massive impact on the company’s financial health and future growth that is the shark tank update of Jewelbox company complete overview.
Jewelbox shark tank India Season 3:
Jewelbox Company made an exciting debut on Shark Tank Season 3, which aired on March 31, 2024. They impressed the sharks by presenting lab-grown diamonds that look just like real diamonds. Their idea caught attention as a more sustainable and innovative option in the diamond industry.
Jewelbox shark tank funding in India:
Jewelbox has successfully raised a total of $ 241k (around Rs 2 crore) through two seed funding rounds, giving up 6% equity in the company.
Jewelbox shark tank deal worth:
This was an all-shark deal worth Rs 2 crore, where all the sharks invested for a 6% equity stake in Jewelbox, valuing the company at Rs 33.33 crore.
Now in the last part of the blog we will be primarily talking on the most asked FAQ question related to Jewelbox company profile.
FAQ question:
When was the latest funding round of Jewelbox?
The latest funding round of Jewelbox was conducted on Mar 19, 2024.
What is the revenue of Jewelbox?
Annual jewelbox is generating a revenue of $461K as per the data published by news article on Mar 31, 2023
What is the revenue of jewel box in rupees?
As of now for financial year 2023-2024 jewelbox has earned the revenue of Rs 3.7 crore in a year
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