Bengaluru-based lab-grown diamond jewellery startup Aukera has secured $15 million in funding led by Peak XV Partners.
The funding will be used to support retail expansion plans and enhance product offerings in India's fine jewellery market.
Founded in 2023, Aukera focuses on offering high-quality lab-grown diamonds as an alternative to mined diamonds, with stores in Bengaluru, Noida, Gurugram, and Hyderabad.
The company aims to scale into a Rs 1,000 crore business over the next five to seven years and plans to invest in physical retail expansion and top-tier talent for design, merchandising, and marketing.