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Bengaluru-based lab-grown diamond jewellery brand Aukera raises $15 million in funding

  • 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.

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