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Lucira Jewelry raised $5.5 million to expand its lab-grown diamond stores and digital platform in India.
Lucira Jewelry, an Indian lab-grown diamond brand, has raised $5.5 million in its largest-ever seed funding round led by Blume Ventures and Spring Marketing Capital, with participation from SiriusOne Capital Fund and founders of several Indian startups.
The company, founded by Rupesh and Vandana Jain, plans to open four flagship stores by the end of FY2026, expand its team, and enhance its digital and technology infrastructure.
With nearly 1,000 products in its catalog, Lucira aims to grow its offline presence, targeting 80% of revenue from physical stores within three years, while also investing in personalized customer experiences.
The Indian lab-grown diamond market, valued at $400–500 million, is expected to reach $1.5 billion in the next few years.
Lucira Jewelry recaudó $5.5 millones para expandir sus tiendas de diamantes cultivados en laboratorio y su plataforma digital en la India.