We're thrilled to announce our investment in Riyalto, a company set to transform the global jewelry market with their innovative platform that redefines how brands source and manufacture jewelry.
The global jewelry market, valued at over $300 billion, is highly fragmented and inefficient, particularly in sourcing and manufacturing. Brands often face challenges such as inconsistent quality, production delays, and uncompetitive pricing due to difficulties in collaborating with small to mid-sized manufacturers. The lack of standardized processes across geographies exacerbates these inefficiencies, leading to excessive time and resource expenditure.
Riyalto is addressing these issues head-on with a digital-first platform that streamlines jewelry sourcing and manufacturing for global brands. By connecting brands directly with manufacturers worldwide, Riyalto's technology platform optimizes the supply chain, enhancing both efficiency and transparency. This allows brands to collaborate seamlessly with manufacturers, ensuring high-quality, trend-focused jewelry is produced on time and at competitive costs.
What sets Riyalto apart is its focus on design-driven manufacturing and trend-based production cycles, enabling brands to respond swiftly to market demands. The platform offers end-to-end solutions, from design collaboration to final delivery, significantly reducing the inefficiencies that typically plague jewelry manufacturing. Leveraging technology, Riyalto provides faster turnaround times for jewelry production while maintaining quality and competitive pricing. Their data-driven approach empowers brands to scale production globally without the usual headaches of managing a complex supply chain.
The global jewelry market is expected to grow steadily in the coming years, with consumer trends increasingly favoring unique, high-quality pieces that reflect personal style. The rise of direct-to-consumer (DTC) brands and online retailing has further intensified the demand for quick production cycles and seamless sourcing solutions. However, the jewelry industry has been slow to adopt digital transformation, leaving a significant gap for a technology-driven platform like Riyalto. By bridging the divide between brands and manufacturers, Riyalto offers a scalable solution that can address the inefficiencies that have long plagued the industry.
Abhishek and Pushkal, the co-founders of Riyalto, bring a powerful combination of industry experience and startup expertise. Abhishek previously led investments at Times Internet, giving him a deep understanding of scaling digital platforms. Pushkal, on the other hand, founded GetMeAShop, a successful startup acquired by Instamojo. Together, they have a strong grasp of technology, business scaling, and the operational intricacies of a global supply chain. Their complementary skill sets and passion for solving the core problems of jewelry manufacturing and sourcing make them the ideal team to lead Riyalto.
While the jewelry manufacturing industry is large and fragmented, Riyalto’s technology-driven approach gives it a competitive edge. Currently, no other major platform offers the same level of end-to-end integration and supply chain optimization in the jewelry space. Most existing players either focus on limited geographical regions or offer only a small subset of services, such as design or sourcing, without addressing the full manufacturing lifecycle. Riyalto’s closest competition may come from traditional jewelry manufacturers who attempt to digitize their processes, but they lack the holistic, tech-first platform that Riyalto offers. By providing a global network of manufacturers and combining it with a trend-driven, data-focused approach, Riyalto is creating a new standard in the industry.
We believe Riyalto is poised to reshape the jewelry manufacturing and sourcing industry. With its ability to connect global brands with small-to-medium manufacturers, streamline production processes, and reduce inefficiencies, Riyalto has the potential to scale quickly and capture a significant share of the market. We're excited to partner with Abhishek, Pushkal, and their team as they build a platform that will redefine how the world produces and sources jewelry.
If you're a jewelry brand looking to streamline your sourcing and manufacturing, discover how Riyalto can help at riyalto.com.