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Jewelbox Shark Tank India S3 Full Pitch Details

Full detailed information about Jewelbox pitch in Shark Tank India Season 3. Know more about the business, founders, pitch, deals and hidden facts.
Jewelbox Shark Tank India

Jewelbox: Shining a Light on Sustainable Luxury with Lab-Grown Diamonds

Forget everything you thought you knew about diamonds. Jewelbox is disrupting the industry, offering exquisite jewelry crafted with ethically sourced, environmentally friendly lab-grown diamonds at a fraction of the cost of their mined counterparts.

Think dazzling rings, elegant necklaces, and timeless earrings – all sparkling with the same brilliance and durability as natural diamonds, but without the hefty price tag or the ethical concerns.

Join the founders, Vidhita and Nipan, on their journey to make diamond jewelry accessible, affordable, and sustainable for everyone. Dive into their Shark Tank India pitch, where they wowed the Sharks with their innovative concept and secured a deal that will propel them to new heights.

Is lab-grown the future of diamonds? Can sustainable luxury truly be attainable for all? Get ready to be dazzled and inspired by Jewelbox’s story of innovation, ethics, and shining a light on a brighter future for jewelry

About The Company – Jewelbox

Startup / Company NameJewelbox
FounderNipun Kochar & Vidita Kochar
Product / ServiceArtificial jewellery
Revenue3.8 Crores (22-23)

About The Pitcher

Number of PresentersTwo presenters
Name of PresentersNipun Kochar & Vidita Kochar
Pitchers CityKolkata
Pitchers StateWest Bengal

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Jewelbox Pitch Details

Shark Tank EpisodeEpisode 7
Original Ask Amount₹ 1 crore
Original Ask Equity2% Equity
Original Valuation 50 Crores
Offer Received1) 1 Crore for 2.25% Equity (Aman & Radhika)
2)1 Crore For 2% Equity (Vineeta)
3)1 Crore for 2.5% Equity (Vineeta, Peyush & Ritesh)
Final Deal Amount2 Crore
Total Deal Equity6%
Sharks in DealAman, Peyush, Radhika, Ritesh & Vineeta

Solutions Offered

Jewelbox transcends the realm of mere diamond sellers, carving a niche in the market with its unique value proposition. Here’s how they address key concerns:

Sustainability: Forget the environmental and ethical baggage associated with mined diamonds. Jewelbox champions lab-grown diamonds, created under controlled conditions with minimal environmental impact and no mining-related human rights concerns. They offer guilt-free glamour that aligns with your eco-conscious values.

Accessibility: Diamond jewelry is often seen as an unattainable luxury. Jewelbox breaks down that barrier by offering lab-grown alternatives at significantly lower prices, making their dazzling pieces accessible to a wider audience. They democratize diamond ownership, allowing you to embrace luxury without breaking the bank.

Transparency: Confused by diamond jargon and opaque pricing? Jewelbox prioritizes transparency and trust. They provide detailed information about their lab-grown diamonds, including certifications and origin, and offer a comprehensive price breakdown, empowering you to make informed choices.

Choice & Design: Unlike the limited designs often found with mined diamonds, Jewelbox boasts a wide variety of contemporary and elegant pieces. They cater to diverse tastes and occasions, whether you seek a statement ring, a delicate necklace, or timeless earrings. Their in-house design team ensures you find the perfect piece to express your unique style.

Customer Experience: Jewelbox believes in nurturing lasting relationships with their customers. They offer a seamless omnichannel experience through physical stores and an online platform, paired with responsive customer service. Additionally, their generous return and buyback policies demonstrate their commitment to building trust and confidence.

Education & Advocacy: Jewelbox doesn’t just sell diamonds; they educate and advocate for lab-grown alternatives. By dispelling myths and highlighting the benefits, they raise awareness about this sustainable and ethical choice, empowering consumers to make informed decisions.

In essence, Jewelbox offers more than just sparkling diamonds. They provide a solution for those seeking ethical, accessible, and stunning jewelry, all while championing sustainability and transparency. It’s a redefinition of luxury, one that caters to your conscience and your sense of style.

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Lesser Known Facts About Jewelbox

  • Lab-Grown Gemstones: Jewelbox goes beyond diamonds, offering lab-grown sapphires and emeralds too, catering to a wider range of ethical and sustainable gemstone preferences.
  • Young Guns of Business: Founders Vidhita and Nipan are young entrepreneurs, proving that age is no barrier to innovative disruption in the diamond industry.
  • Shark Tank Success: Their captivating Shark Tank India pitch secured a deal with five Sharks, highlighting the potential and investor confidence in their model.
  • First Mover Advantage: Being an early player in the lab-grown diamond space in India positions them to capitalize on the growing demand for sustainable alternatives.
  • Beyond Retail: They aspire to build a vertically integrated business, potentially venturing into lab-grown diamond production in the future.


Business Profiles

Facebook Profile (Official)
Instagram Profile (Official)
Youtube Channel


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