To expand its omnichannel presence, lab-grown diamond startup Lucira secures $5.5 million.

diamond jewelry made in a lab Blume Ventures has lead Lucira's $5.5 million fundraising round. Other investors include the founders of Dot&Key, Livspace, Snitch, Bewakoof, SiriusOne Capital Fund, and Spring Marketing Capital. Notably, this is the biggest seed round ever raised by an Indian jewelry start-up. With the additional funding, the start-up will bolster its workforce, launch marketing campaigns, and grow its offline business.Indian buyers are looking for style, authenticity, and a brand they can relate to on an emotional level, going beyond simply purchasing jewelry as an investment. With this support, we hope to establish Lucira as India's most reputable design-first fine jewelry brand," stated Rupesh Jain, Lucira's cofounder. Established by jewelry industry veterans Rupesh and Vandana Jain, Lucira has produced a portfolio of over 1,000 customizable lab-grown diamond designs, all of which are guaranteed to last a lifetime and come with exchange and buyback policies.After transforming Candere into one of India's first digital jewelry success stories—later acquired by Kalyan Jewellers—the fundraiser represents a wager on Rupesh's "second innings.

" This month, the brand is also opening its first retail location in Mumbai. By the end of FY26, Lucira intends to open four additional flagship locations to bolster its digital-first purchasing strategy and make investments in technology-driven personalization. In order to achieve our goal of making Lucira the most design-first fine jewelry brand in India, we must strategically develop our omnichannel presence, design leadership, and customer trust. This fundraise is a vote of confidence from partners who recognize we’re not simply selling jewelry, we’re influencing mindsets,” said Rupesh.We're making significant investments in our design studio, expanding both digital and physical retail, and making sure each item is backed by reliable certification and warranties. We envision Lucira being the preferred fine jewelry brand for a new generation of Indian consumers thanks to our methodical approach," he continued.Jain added that during the next three to five years, the lab-grown diamond market in India, which is currently worth $400–500 million, is anticipated to reach a value of about $1.5 billion. He previously started the jewelry company Candere, which Kalyan Jewellers later bought after acquiring an 85% interest in Singularity Strategic.