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- Sun, 14 December 2025
Bangalore-based lab-grown diamond jewellery brand Aukera has raised $15 million in a fresh funding round led by Peak XV Partners. Existing investors Fireside Ventures, Sparrow Capital, Prath Ventures, and Alteria Capital also participated in the round.
Founded in 2023 by Lisa Mukhedkar and Kumar Saurabh, Aukera focuses on premium lab-grown diamond jewellery and already has 13 stores across cities like Bangalore, Hyderabad, and Noida.
With this funding, the start-up plans to expand its retail presence, broaden its product offerings, and invest more in marketing and design innovation.
With the rising conscious population, Lab-grown diamonds cater to the need of the hour: Sustainability and Affordability. They are comparatively cheaper than natural diamonds and are a more sustainable option as they are not mined but replicated. This replication occurs in a lab through machines that copy the exact chemical and physical properties of a natural diamond.
To break the myth: lab-grown diamonds are real diamonds. They look, feel, and shine just like natural ones and come without the environmental cost of mining.
Aukera caters to this segment of the population: the one that wants more environmentally friendly choices.
According to Fortune Business Insights, the global lab-grown diamond market size was valued at USD 22.79 billion in 2023. The market is projected to grow from USD 25.89 billion in 2024 to USD 74.45 billion by 2032, exhibiting a CAGR of 14.11% during the forecast period.
Aukera plans to scale to INR 1,000 crore in revenue over the next five to seven years, targeting untapped markets, more offline stores, and brand visibility initiatives to foster its growth in a rapidly evolving segment.
“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.” Mukhedkar, the CEO of Aukera.
[Credits for header image: aukera india
This content is for informational purposes only and does not constitute legal, financial, or investment advice. This has been constituted based on third-party sources. We do not assume any liability for actions taken based on this information.]
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