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Economic Times

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Image Credit: Economic Times

Lab grown diamond startup Jewelbox raises $3.2 million from V3 Ventures, others

  • Kolkata-based lab-grown diamond jewellery brand, Jewelbox, has raised $3.2 million in a funding round led by V3 Ventures.
  • The startup plans to use the capital to expand its retail presence, enhance brand visibility, and hire talent across key functions.
  • Jewelbox currently operates eight stores across six cities in India and aims to scale to 30 stores by the end of the year.
  • The lab-grown diamond industry is gaining attention and the competition is seen as validation for the category, according to Jewelbox's cofounder, Vidita Kochar Jain.

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