Business EconomyPosted at: Jun 30 2025 10:29PM


Aukera secures $15 mn funding to further cement lead in lab-grown diamond jewellery

Hyderabad, June 30 (UNI) Aukera, the pioneering lab-grown diamond jewellery company, today announced that it has raised $15 million in growth capital led by Peak XV Partners with follow-on participation from existing investors including Fireside Ventures, Sparrow Capital, Prath Ventures and Alteria Capital.
This strategic investment will accelerate Aukera's aggressive retail expansion plans, enhance its product offerings, and further cement its position as the most credible and valuable player in India’s emerging fine jewellery market transformation, a release said here.
Aukera has established a strong presence with multiple company-owned stores in Bangalore, Delhi NCR, and Hyderabad, showcasing unmatched design standards, craftsmanship, and a customer-insight-driven approach.
This has led to an overwhelming customer response and industry-leading sales per square foot. Building on this success, Aukera is expanding into new cities while maintaining brand control and consistency.
With this fresh funding, Aukera will continue its growth path, and maintain its competitive edge in the rapidly growing lab-grown diamond jewellery market. By doubling down on physical retail, investing in top-tier design, merchandising and marketing talent, and offering a strong omni-channel experience, the company is well-poised and positioned for the next chapter of growth, the release said.
“Aukera is built on a consumer insight, borne from research, that women were frustrated with the poor quality, tiny diamonds that were affordable given mined diamond prices. Aukera solves a consumer problem by offering the highest graded diamonds, designed & crafted into fine jewellery. The brand will scale into a Rs 1,000 crore brand in the next 5 to 7 years," said Lisa Mukhedkar, Founder & CEO, Aukera.
"The brand has scaled to 13 stores pan India and intends to continue to scale rapidly. “The investment from Peak XV Partners is meaningful for the business as we drive ambitious growth," said Kumar Saurabh, Co-Founder, Aukera.
"Lisa and Kumar are exceptional founders who bring complementary strengths and proven execution capabilities. We are excited to partner with them as they scale Aukera’s footprint and deepen the brand's leadership in this emerging category,” said Abhishek Mohan, Principal, Peak XV Partners.
Kanwaljit Singh, Founder and Managing Partner at Fireside Ventures said, “Aukera is not just another lab-grown diamond jewellery brand — it’s the front runner redefining the future of fine jewellery, built on consumer insight. With this investment, Aukera is now poised to scale rapidly and set the benchmark for the category. Aukera stands apart as a statement of intent for the industry and a signal of trust for the modern consumer.”
UNI KNR RN
Tags: #Aukera secures $15 mn funding to further cement lead in lab-grown diamond jewellery
More News

Michelin India launches services store

01 Jul 2025 | 1:08 AM

Vijayawada, June 30 (UNI) Michelin, the world’s leading tyre technology company, has launched their first Tyres Services store in Vijayawada in partnership with Sanghvi Car Shoppe.

see more..

AU SFB partners with LIC to expand life insurance access across country

01 Jul 2025 | 12:49 AM

Hyderabad, June 30 (UNI) AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank, today announced a strategic partnership with Life Insurance Corporation of India (LIC), the country’s largest life insurer, to expand life insurance access across the country.

see more..

AM Green Group acquires 17 5 pc stake in Greenko Energy Holdings from ORIX

30 Jun 2025 | 10:33 PM

Kakinada (Andhra Pradesh), June 30 (UNI) AM Green BV today said it has signed definitive documents to acquire 17.5 per cent equity stake in Greenko Energy Holdings from ORIX Corporation, through its wholly owned subsidiary AM Green Power BV.

see more..

Aukera secures $15 mn funding to further cement lead in lab-grown diamond jewellery

30 Jun 2025 | 10:29 PM

Hyderabad, June 30 (UNI) Aukera, the pioneering lab-grown diamond jewellery company, today announced that it has raised $15 million in growth capital led by Peak XV Partners with follow-on participation from existing investors including Fireside Ventures, Sparrow Capital, Prath Ventures and Alteria Capital.

see more..

Adani Green becomes first Indian renewable power firm to surpass 15 GW Capacity

30 Jun 2025 | 10:09 PM

Mumbai, 30 June (UNI) The Adani Group's renewable energy company Adani Green Energy (AGEL) announced in an exchange filing today that it has become the first Indian company in its field to surpass 15,000 megawatts (MW) or 15 gigawatts (GW) of installed operational capacity.

see more..