Lucira, a company that makes lab-grown diamond jewelry, has raised $5.5 million (around INR 48 crore) in its first funding round. The round was led by Blume Ventures with participation from Spring Marketing Capital.
Other investors included SiriusOne Capital Fund and several angel investors, including the founders of Dot & Key, Livspace, and Snitch.
The startup will use the funding to open more physical stores, grow its team, and increase marketing efforts.
“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.”
Lucira, based in Mumbai and founded this year by Rupesh Jain and Vandana Jain, has a collection of nearly 1,000 products and is now entering offline retail.
Lucira will open its first store in Mumbai this month, and plans to open four more stores by FY26.
Co-founder Rupesh Jain previously started the jewellery brand Candere, which Kalyan Jewellers bought in 2017 by acquiring 85% of the company for around INR 35–40 crore, and in 2024, it bought the remaining stake.
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