Funding & Investment in Travel
LGD brand IVANA Jewels raises Rs 2 crore in seed funding to expand retail network across India
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Founded by the Jindal Group in 2023, the brand has stores in Noida, Surat, Nagpur, New Delhi and Mumbai, and is now preparing to open new outlets in Chandigarh and Ahmedabad. It targets operating 10 stores before its next funding round
Surat: Surat-based lab-grown diamond and Polki jewellery brand IVANA Jewels has raised Rs 2 crore in seed funding from Avinya Ventures, a SEBI-registered early-stage venture capital firm. The funding will be used to launch new product lines, strengthen marketing activities and expand into new cities. With this investment, IVANA Jewels is looking to grow faster, connect with more customers, and build a strong retail network across India.
In addition to expanding its retail footprint, IVANA Jewels is increasing its digital presence by adding more products to its online platform and improving the customization process. This includes updating user interface elements, providing personalization options, and simplifying the buying process. The company is focusing on delivering a personalized shopping experience, both online and offline, as they scale across India.
Ayushi Jindal, Co-founder, Ivana Jewels, said, “This funding is a big step forward for IVANA Jewels and a strong validation of our journey so far. We are focusing on lab-grown diamonds, especially in the 1–2 carat range, along with larger stones of 5, 10, and 20 carats, and expanding our collection of Polki jewellery. With this support, we look forward to introducing fresh designs, opening new stores, and serving our customers better across the country. We believe that lab-grown diamonds are the future of sustainable luxury, and we are excited to make them accessible to a wider audience through our expanding presence.”
IVANA Jewels, backed by the trusted legacy of the Jindal Group, offers a mix of lab-grown diamonds and traditional Polki jewellery, combining modern craftsmanship with classic designs. The brand has built a loyal customer base, with focus on quality and transparent pricing.
The lab-grown diamond jewellery market is growing rapidly, especially in Tier II and Tier III cities with potential to grow even bigger as awareness increases. With strong backing, an expanding portfolio, and a clear focus on quality and customer experience, IVANA Jewels is set for an exciting growth journey as it aims to make lab-grown diamond jewellery accessible to more people across India.
Founded by the Jindal Group in 2023, IVANA Jewels has stores in Noida, Surat, Nagpur, New Delhi and Mumbai, and is now preparing to open new outlets in Chandigarh and Ahmedabad. With the expansion under way, the company plans to operate 10 stores in the near future, with a goal to reach 12–15 stores by the end of FY 2025–26. The company also offers franchise opportunities.
Retail Jeweller India News
Funding & Investment in Travel
Pattaya adapts to welcoming Indians and Westerners, while hoping for Chinese tourism’s return
PATTAYA, Thailand — As Thailand continues promoting its “Welcome All” tourism revival campaign, some foreign visitors in Pattaya are quietly wondering: What happens if the Chinese return — and what if they don’t?
Strolling along Jomtien Beach or lounging in bars on Soi Buakhao, it’s not uncommon to hear debates about whether Pattaya’s fortunes still hinge on mass Chinese tourism, or if the city has already moved on.
“They’ll be back,” said one longtime European retiree. “Just as soon as they realize there’s nothing to do in Vietnam or elsewhere.”
But not everyone agrees. “No one really cares about Chinese tourists,” one tourist bluntly claimed. “They’ve never been big spenders and will never be. Get more Westerners — they’re the real big spenders.”
It’s a sentiment echoed by others who say Western retirees are the real financial engine behind Pattaya’s nightlife and hospitality industries. “Retirees can spend 10,000 baht a night,” said a bar owner. “Chinese groups come, take pictures, and maybe spend much less than that as per person.”
However, some locals are less certain. “Indians have taken over,” one Pattaya shopkeeper shrugged. “Chinese aren’t too keen on coming here now.”
But another argued, “Maybe you haven’t seen the Chinese eat and spend — they do it easily here, especially in restaurants and shopping malls.”
Yet despite the critiques, businesses haven’t given up on the return of Chinese mass tourism. Many remember the packed tour buses and back-to-back bookings before the pandemic. “Obviously, you haven’t seen nothing yet,” said a Thai tour guide, optimistic about a comeback.
The Tourism Authority of Thailand (TAT) is working hard, busting their whole office to make the return happen sooner or later — arranging chartered flights, fast lanes at airports, elevated safety measures, and AI-aided security to welcome visitors back smoothly and confidently.
Others remain skeptical — comparing hopes for the Chinese revival to the long-dashed expectations of Japanese tourist rebounds after the 1991 economic crash. “They are the same people who awaited the revival in the number of Japanese tourists,” one expat remarked dryly.
For now, Pattaya waits — balancing its hopes on a mix of returning Chinese visitors, Indian family tours, and Western retirees. One thing is clear: no one group will carry the city forward alone.
Funding & Investment in Travel
Typhoon Wipha causes travel chaos as hundreds of flights canceled in Hong Kong
HONG KONG, July 20 — Hong Kong issued its third-highest tropical cyclone warning in the early hours of Sunday as Typhoon Wipha drew nearer, with authorities cancelling classes and grounding hundreds of flights.
Wipha was located around 280 kilometres southeast of Hong Kong as of midnight (1600 GMT), according to Hong Kong’s weather observatory.
The observatory has hoisted the T8 warning signal, meaning that “winds with mean speeds of 63 kilometres per hour or more are expected”.
The storm was expected to keep intensifying, moving across the northern part of the South China Sea and edging closer to the coast of China’s Guangdong province.
“There will be frequent heavy squally showers and thunderstorms over the region. Seas will be high with swells,” the observatory added.
China’s Hainan and Guangdong provinces were also put on high alert, state news agency Xinhua reported Saturday.
More than 250 flights servicing Hong Kong had been cancelled as of late Saturday, according to the website of the city’s international airport.
Hong Kong’s Airport Authority asked travellers to prepare for “significant flight cancellations or delays” and said that no passenger flights are expected to depart the city before Sunday noon.
Authorities suspended Sunday’s classes at all day schools and daycare centres.
Bus services are expected to be halted until midday Sunday.
Wipha brought heavy rains and flooding to the Philippines and two people have been reported missing, according to the country’s National Disaster Risk Reduction and Management Council. — AFP
Funding & Investment in Travel
Tourist boat capsizes during a storm in Vietnam, leaving 34 dead. 8 remain missing
… , Vietnam — (AP) — A boat carrying tourists capsized during a sudden thunderstorm … most of the passengers were tourists, from Hanoi, including about 20 …
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