Sustainable jewellery brand Toqn raises Rs 2 crore in funding
Sustainable jewellery brand Toqn has raised over Rs 2 crore ($253,317) in their initial round of funding from a host of investors.
The brand will utilise the funds to expand its online presence, marketing, design, and product diversification.
With the funding, the brand also plans to take the offline route by opening experience stores across the country, airport kiosks, and plans to enter global markets in the coming months.
Commenting on the funding, Divya Jain, founder CEO of Toqn in a statement said, “It is ground-breaking for us to have proven the value of our product to our investors. We are dedicated to the cause of creating and fashioning jewellery that is beautiful and sustainable. We have the vision to change the course of gold consumption by being able to change consumer perceptions further leading to more sustainable buying patterns and trends.”
Dhanush Samdaria, chief technology officer at Toqn added, “We aim to utilize these funds on our working capital, education & marketing, e-commerce channels as well as design and product development for newer innovations. Our growth plan for the next 3 years is pipelined, and these funds will allow us to build and scale the brand simultaneously.”
Toqn projects itself as a modular and sustainable jewellery brand. It has Emerald Jewel Industry India Limited as its manufacturing partner.
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