Lab-grown diamond startup Lucira has raised $5.5 million (approx. INR 48 crore) in a seed funding round led by Blume Ventures, with participation from Spring Marketing Capital, SiriusOne Capital, and several prominent angel investors. These include the founders of well-known Indian D2C brands such as Dot & Key, Livspace, Snitch, and Bewakoof.
Founded in early 2025 by Rupesh Jain and Vandana Jain, Lucira Jewelry aims to redefine the Indian fine jewelry market with its lab-grown diamond collections. The company uses Chemical Vapor Deposition (CVD) technology to create sustainable, high-quality diamonds. Lucira offers a range of jewelry, including rings, earrings, necklaces, bracelets, pendants, mangalsutras, and even customized and engraved pieces.
The fresh funding will be used to accelerate Lucira’s omnichannel strategy, including the launch of four new retail stores by the end of FY26. The startup is also gearing up to open its first flagship store in Mumbai by the end of September 2025, marking a major milestone in its offline retail journey.
According to Rupesh Jain, cofounder and CEO of Lucira, the company is focused on building trust and quality through its offerings. “We’re investing heavily in our design studio, scaling physical retail alongside digital, and ensuring every piece comes with trusted certification and guarantees. This structured approach is how we see Lucira becoming the go-to fine jewelry brand for a new generation of Indian consumers,” he said.
The startup also plans to utilize the funding to scale its in-house design studio, strengthen operations, and hire across key departments including product design, marketing, and retail experience. Lucira’s emphasis on sustainability, innovation, and certification makes it a unique player in India’s growing lab-grown diamond market.
India’s lab-grown diamond industry has seen significant growth in recent years, driven by rising consumer demand for ethical and eco-friendly alternatives to mined diamonds. With a younger demographic leaning towards sustainable luxury and transparent sourcing, brands like Lucira are well-positioned to capitalize on this shift.
The backing from Blume Ventures and other investors highlights growing confidence in the D2C jewelry space and the potential of lab-grown diamonds to disrupt traditional jewelry markets.
As Lucira expands its online and offline presence, the brand is poised to become a leading name in modern, conscious jewelry in India. With its commitment to quality craftsmanship, personalization, and sustainability, Lucira is set to bring a fresh sparkle to the Indian fine jewelry segment.
Keywords: Lucira Jewelry, lab-grown diamond startup, $5.5 million funding, Blume Ventures, India D2C brands, lab-grown diamonds India, sustainable jewelry, chemical vapor deposition diamonds, jewelry startup India, fine jewelry brand, CVD diamonds, Indian startup news, omnichannel retail expansion.
