Drip Project by Metaman, a Luxury Streetwear Jewellery brand, announced the successful closure of its pre-Series-A funding round, raising an undisclosed amount. The latest round of investment was led by the Blume Founders Fund of Blume Ventures and saw participation from a diverse group of investors.
This latest funding round welcomed several new investors into the Drip Project family, including Ankita Vasista (StrongerHer Venture), Priti Sawant (Joules 2 Watt), Jayakumar Babu (CEO, Argo Trade), Vijaykrishna, Manohar, Arjun Santhanakrishna (Group CEO, GS Global), Ashwin Pai, Amit Bothra, Bharath Hegde, Aniketh Jain (CEO, Co-Founder, Infinities, and Vinod Gowda.
With this investment, the company will be able to penetrate the Indian market by expanding its product catalog from 500 to over 1000 products, building more inventory, and expanding its growth, a statement said.
Harsh Maskara and Anil Shetty, co-founders of Drip Project by Metaman expressed enthusiasm saying, "Drip Project by Metaman is entering into a new era, especially with the new round of funding that will allow us to accelerate our growth, expand our market reach, and further enhance our offerings to serve our customers better. With the support of such extinguished names, we aim to evolve in the luxury streetwear jewelry industry of India which is seeing GenZ and millennials bringing back the trend with style.”
Drip Project by Metaman is an Indian Luxury Jewellery Brand, Founded in the year 2021, to curate meticulously designed statement pieces with a vision to cater to the glaring void in affordable luxury jewelry brands in the country. It has a vast celebrity following and has been proudly adorned by celebrities like Ranveer Singh, Karan Johar, Vicky Kaushal, Kiara Advani, Shubman Gill, and Divine among others.