Eternz, a vertical marketplace for jewelry, has raised its pre-Series A funding round led by new investor Multiply Venture Partners.
The round also saw participation from existing investors like Kae Capital, Gemba Capital, IIMA Ventures, TDV Partners, alongside fresh backers like Twin & Bull, as well as renowned angel investors Raghunandhan (Taxi For Sure) and Nandan Reddy (Swiggy COO).
The fresh funds raised will be used to expand across India, strengthen its core leadership team, scale marketing initiatives, and deepen its tech-driven customer experience.
Previously, Eternz raised $1.15 million in its pre-seed funding round led by Kae Capital, with participation from Gemba Capital, IIMA Ventures, TDV Partners and Venture Lab.
Founded in 2023 by Arthi Ramalingam, Eternz is a new-age jewelry and watch marketplace that curates designs from high-quality national and international brands. Eternz unites premium & luxury brands and exquisite craftsmanship under a dedicated vertical.
The platform hosts over 200+ brands with 10% of exclusive listings, creating an unparalleled online destination for consumers.
Eternz has launched a series of cutting-edge features, including Virtual Try-On, a Virtual Ring Sizer, and a first-of-its-kind “Tinder for Jewellery”, enabling users to swipe through designs and help train a personalization engine that curates recommendations unique to each shopper’s taste.
The platform has also strategically partnered with Timex Group India to include global brands under its umbrella.
Eternz also aims to onboard gold and lab-grown jewelry, along with international brands. The platform has already taken a step in this direction by partnering with Timex Group India, adding global luxury brands like GUESS, Versace, Ted Baker, and more under its vertical.
Arthi Ramalingam, Founder & CEO, Eternz, said, “Brands have seen strong growth on Eternz, reaching the most relevant customers and expanding their presence across geographies, with our tech-led experiences like Virtual Try-On and Ring Sizer drawing brands closer to our platform and showcasing new possibilities for customer engagement. Drawing from my own experience of building a brand and navigating marketplace challenges, we’ve designed Eternz to truly solve for brands- making discovery, trust, and growth effortless. We’re now doubling down to support women entrepreneurs building jewelry businesses and onboarding lab-grown diamond brands, creating opportunities for innovation and scale. Jewelry, for us, is more than adornment- it’s a celebration of identity and self-expression. With a $94B market ahead, our vision is clear: to create a platform that celebrates identity and joy while building a billion-dollar company.”
Sanjay Ramakrishnan, Partner, Multiply Venture Partners, said, “India’s jewelry market is large, fragmented, and historically traditional on the supply side. While demand remains consistently high, especially in Tier 1 and Tier 2 cities, consumers often struggle with discovery, trust, convenience, and variety. Modern buyers increasingly seek unique, design-driven pieces that go beyond big brands or local family-owned stores. Yet, there is no centralised destination that seamlessly delivers these four critical value propositions in one place. This gap presents a clear opportunity to build a curated, specialised vertical marketplace for jewelry. Beyond the market potential, our investment decision was strongly influenced by the team’s proven commitment and capability to capitalise on this opportunity and redefine the jewelry shopping experience in India.”
Deepak Chhabra, Managing Director, Timex Group India, said, “Our partnership with Eternz marks a strategic step in strengthening Timex Group’s luxury and premium jewelry & watch distribution in India. Eternz’s deep expertise in the jewelry space, combined with their seamless expansion into watches, makes them a valued partner for us. Their systems are robust, their category understanding is sharp, and our experience working with them has been excellent. We believe Eternz has the potential to emerge as the leading player in India’s jewellery and accessories market.”
