Lab-grown diamond jewellery brand Lucira raises $5.5 million maiden funding

Lucira, a lab-grown diamond jewellery firm has raised $5.5 million (about Rs 48 crore) in its maiden funding round led by Blume Ventures and with participation from Spring Marketing Capital. 

SiriusOne Capital Fund and angel investors including founders of Dot and Key, Livspace and Snitch, also participated in this round.

The startup plans to use the funds to expand its offline presence, build a stronger team, and boost marketing.

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“Since we know that jewellery is a more touch-and-feel kind of product where people can discover us online, but before buying they want to see, try on and check the fit of the design,” said cofounder Rupesh Jain.

“Once we start opening stores, try-at-home services will be on our radar. As those gain traction, we plan to offer faster deliveries by partnering with reliable last-mile providers, aiming for two- to three-hour delivery from the store,” he said.

Karthik Reddy, managing partner at Blume Ventures, said, “Rupesh has already proven his ability to build and scale in this category with Candere’s successful exit. What excites us most is Lucira’s omnichannel vision.”

About Lucira

Founded this year by Rupesh Jain and Vandana Jain, the Mumbai-based Lucira, with a catalogue of nearly 1,000 products, is stepping into offline retail. 

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Its first store opens in Mumbai this month, followed by four more by FY26.

Jain earlier founded the jewellery brand Candere, which Kalyan Jewellers bought in 2017 by acquiring 85% from Singularity Strategic for about ₹35–40 crore. In 2024, it purchased the remaining stake.

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