New Delhi: Jewellery brand AMAMA has raised USD 1 million in a fresh funding round led by Mistry Ventures LLP, the company said in a press release recently.
The Delhi-based company plans to deploy the capital to scale operations across key markets, strengthen backend infrastructure, and expand its design and product teams.
AMAMA, which reported 36 per cent revenue growth in FY24, is targeting a 61 per cent increase in the current financial year. It is set to open four new stores – one each in Mumbai and Ahmedabad, and two in the Delhi NCR region. The brand is also evaluating international opportunities through exhibitions and retail partnerships.
“This isn’t just a win for AMAMA, it’s a win for bold, rooted design from India,” said Nikita Gupta, Founder of AMAMA. “With this backing, we’re ready to scale new heights, explore new geographies, and continue crafting pieces that speak louder than trends.”
