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Solitario secures $3.6 million in pre-IPO funding

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The capital will be used to expand Solitario’s retail network, enhance branding and marketing initiatives, broaden its product portfolio, and strengthen its manufacturing capabilities

Bengaluru: Lab-grown diamond brand Solitario has secured $3.6 million in pre-IPO funding, the company said in a press release on Monday. The investment values the company at approximately $18.3 million (Rs 150 crore).

The funding round attracted investors including Neeraj Gupta (Founder of Meru Cabs), Mauritius-based FPI Investi Global, Vicco Group, and Seema Manish Nuwal (Promoter, Solar Industries), along with several ultra-high-net-worth individuals including Amit Agarwal, Rajesh Singla, Garima Theti, and Sandeep Singh. Socradamus Capital Private Ltd. acted as the Book Running Lead Manager for the round.

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, broaden its product portfolio, and strengthen its manufacturing capabilities.

“This investment validates our vision of creating beautiful, sustainable jewellery that doesn’t compromise our planet’s future,” said Ricky Vasandani, CEO of Solitario. “The funds will accelerate our expansion plans and strengthen our position in the growing lab-grown diamond market.”

Co-founded in 2023 by Vasandani, and Bollywood actor Vivek Oberoi, Solitario crafts sustainable, eco-conscious diamond jewellery including necklaces, rings, earrings, bracelets, and pendants. In the fiscal year (FY) 2024, the company reported Rs 52 crore revenue, demonstrating growth from Rs. 24.3 crore in FY 2023.

The retailer has a strong retail presence, with 18 stores across 10 major Indian cities and an international footprint of 38 outlets in Dubai, Malaysia, and Spain. It operates a manufacturing facility in Surat, spanning 30,000 sq. ft. and employing over 300 people.





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Hyperlocal tourism offers answer for overtourism, sustainability

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Ukraine considers easing travel ban for men ages 18-24, parliament speaker says

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Ukrainian lawmakers are considering whether to allow men ages 18 to 24 to travel abroad, a move that would ease current wartime restrictions, Chairman of the Verkhovna Rada Ruslan Stefanchuk said on July 19.

According to Suspilne, the Verkhovna Rada (Ukraine’s parliament) is reviewing proposals from both individual members and the parliamentary Committee on National Security, Defense, and Intelligence. Under current martial law, men in that age group are not subject to mobilization but are still barred from leaving the country unless they qualify for exemptions, such as medical reasons or official business.

Stefanchuk emphasized the need to find a legal mechanism to uphold basic rights for young men who are not eligible for conscription. These include the right to pursue education, work opportunities, or reunite with family abroad.

“There are people aged 18 to 25 who are not subject to mobilization, but they cannot exercise their rights,” Stefanchuk said. “We must find a mechanism to enable them to exercise their rights.”

Several proposals are under discussion to liberalize exit rules, including the establishment of clear criteria and permitting certain categories of individuals to travel. However, no final decision has been made. Lawmakers expect the committee to issue its recommendations soon.

Since Russia’s full-scale invasion in 2022, men aged 18 to 60 have been prohibited from leaving Ukraine without special exemptions due to martial law. These include university students studying abroad, humanitarian volunteers, and drivers transporting aid.

Talks about easing restrictions for non-mobilized men to travel outside Ukraine began in 2023 but have yet to produce a comprehensive policy change.

Ukraine war latest: EU agrees on ‘one of its strongest’ Russia sanctions packages after Slovakia lifts veto

Key developments on July 18: * EU agrees on ‘one of its strongest’ Russia sanctions packages after Slovakia lifts veto * UK sanctions Russian intelligence units involved in cyberattacks * Ukrainian drones reportedly attack Moscow for second night in a row * Ukrainian hackers wipe databases at Russia’s Gazprom in major cyberattack, intelligence source says * Ukraine raises flags in villages near Dnipropetrovsk Oblast’s borders, refuting Russia’s claims of capture European Union member stat

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5 key questions your developers should be asking about MCP

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The Model Context Protocol (MCP) has become one of the most talked-about developments in AI integration since its introduction by Anthropic in late 2024. If you’re tuned into the AI space at all, you’ve likely been inundated with developer “hot takes” on the topic. Some think it’s the best thing ever; others are quick to point out its shortcomings. In reality, there’s some truth to both.

One pattern I’ve noticed with MCP adoption is that skepticism typically gives way to recognition: This protocol solves genuine architectural problems that other approaches don’t. I’ve gathered a list of questions below that reflect the conversations I’ve had with fellow builders who are considering bringing MCP to production environments. 

1. Why should I use MCP over other alternatives?

Of course, most developers considering MCP are already familiar with implementations like OpenAI’s custom GPTs, vanilla function calling, Responses API with function calling, and hardcoded connections to services like Google Drive. The question isn’t really whether MCP fully replaces these approaches — under the hood, you could absolutely use the Responses API with function calling that still connects to MCP. What matters here is the resulting stack.

Despite all the hype about MCP, here’s the straight truth: It’s not a massive technical leap. MCP essentially “wraps” existing APIs in a way that’s understandable to large language models (LLMs). Sure, a lot of services already have an OpenAPI spec that models can use. For small or personal projects, the objection that MCP “isn’t that big a deal” is pretty fair.


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The practical benefit becomes obvious when you’re building something like an analysis tool that needs to connect to data sources across multiple ecosystems. Without MCP, you’re required to write custom integrations for each data source and each LLM you want to support. With MCP, you implement the data source connections once, and any compatible AI client can use them.

2. Local vs. remote MCP deployment: What are the actual trade-offs in production?

This is where you really start to see the gap between reference servers and reality. Local MCP deployment using the stdio programming language is dead simple to get running: Spawn subprocesses for each MCP server and let them talk through stdin/stdout. Great for a technical audience, difficult for everyday users.

Remote deployment obviously addresses the scaling but opens up a can of worms around transport complexity. The original HTTP+SSE approach was replaced by a March 2025 streamable HTTP update, which tries to reduce complexity by putting everything through a single /messages endpoint. Even so, this isn’t really needed for most companies that are likely to build MCP servers.

But here’s the thing: A few months later, support is spotty at best. Some clients still expect the old HTTP+SSE setup, while others work with the new approach — so, if you’re deploying today, you’re probably going to support both. Protocol detection and dual transport support are a must.

Authorization is another variable you’ll need to consider with remote deployments. The OAuth 2.1 integration requires mapping tokens between external identity providers and MCP sessions. While this adds complexity, it’s manageable with proper planning.

3. How can I be sure my MCP server is secure?

This is probably the biggest gap between the MCP hype and what you actually need to tackle for production. Most showcases or examples you’ll see use local connections with no authentication at all, or they handwave the security by saying “it uses OAuth.” 

The MCP authorization spec does leverage OAuth 2.1, which is a proven open standard. But there’s always going to be some variability in implementation. For production deployments, focus on the fundamentals: 

  • Proper scope-based access control that matches your actual tool boundaries 
  • Direct (local) token validation
  • Audit logs and monitoring for tool use

However, the biggest security consideration with MCP is around tool execution itself. Many tools need (or think they need) broad permissions to be useful, which means sweeping scope design (like a blanket “read” or “write”) is inevitable. Even without a heavy-handed approach, your MCP server may access sensitive data or perform privileged operations — so, when in doubt, stick to the best practices recommended in the latest MCP auth draft spec.

4. Is MCP worth investing resources and time into, and will it be around for the long term?

This gets to the heart of any adoption decision: Why should I bother with a flavor-of-the-quarter protocol when everything AI is moving so fast? What guarantee do you have that MCP will be a solid choice (or even around) in a year, or even six months? 

Well, look at MCP’s adoption by major players: Google supports it with its Agent2Agent protocol, Microsoft has integrated MCP with Copilot Studio and is even adding built-in MCP features for Windows 11, and Cloudflare is more than happy to help you fire up your first MCP server on their platform. Similarly, the ecosystem growth is encouraging, with hundreds of community-built MCP servers and official integrations from well-known platforms. 

In short, the learning curve isn’t terrible, and the implementation burden is manageable for most teams or solo devs. It does what it says on the tin. So, why would I be cautious about buying into the hype?

MCP is fundamentally designed for current-gen AI systems, meaning it assumes you have a human supervising a single-agent interaction. Multi-agent and autonomous tasking are two areas MCP doesn’t really address; in fairness, it doesn’t really need to. But if you’re looking for an evergreen yet still somehow bleeding-edge approach, MCP isn’t it. It’s standardizing something that desperately needs consistency, not pioneering in uncharted territory.

5. Are we about to witness the “AI protocol wars?”

Signs are pointing toward some tension down the line for AI protocols. While MCP has carved out a tidy audience by being early, there’s plenty of evidence it won’t be alone for much longer.

Take Google’s Agent2Agent (A2A) protocol launch with 50-plus industry partners. It’s complementary to MCP, but the timing — just weeks after OpenAI publicly adopted MCP — doesn’t feel coincidental. Was Google cooking up an MCP competitor when they saw the biggest name in LLMs embrace it? Maybe a pivot was the right move. But it’s hardly speculation to think that, with features like multi-LLM sampling soon to be released for MCP, A2A and MCP may become competitors.

Then there’s the sentiment from today’s skeptics about MCP being a “wrapper” rather than a genuine leap forward for API-to-LLM communication. This is another variable that will only become more apparent as consumer-facing applications move from single-agent/single-user interactions and into the realm of multi-tool, multi-user, multi-agent tasking. What MCP and A2A don’t address will become a battleground for another breed of protocol altogether.

For teams bringing AI-powered projects to production today, the smart play is probably hedging protocols. Implement what works now while designing for flexibility. If AI makes a generational leap and leaves MCP behind, your work won’t suffer for it. The investment in standardized tool integration absolutely will pay off immediately, but keep your architecture adaptable for whatever comes next.

Ultimately, the dev community will decide whether MCP stays relevant. It’s MCP projects in production, not specification elegance or market buzz, that will determine if MCP (or something else) stays on top for the next AI hype cycle. And frankly, that’s probably how it should be.

Meir Wahnon is a co-founder at Descope.



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