Lab-grown diamond brand Jewelbox has raised $3.2 million in a pre-Series A funding round led by V3 Ventures, with additional participation from Atrium Angels, Dexter Ventures, Infinyte Club, Samarthya Capital, and existing investor JITO Incubation & Innovation Foundation (JIIF).
Earlier, in March 2024, the Kolkata-based startup secured Rs 3.7 crore in seed funding from JIIF.
The fresh capital will be used to expand its store network, boost brand awareness, and hire talent across key departments.
Founded in 2022 by siblings Vidita Kochar Jain and Nipun Kochar, Jewelbox sells lab-grown diamond jewellery through both online and offline channels.
The company reported an annual revenue run rate (ARR) of Rs 38 crore for FY25, up from Rs 16 crore the previous year.
Currently, Jewelbox operates 8 stores across six cities—Delhi, Gurgaon, Bengaluru, Chennai, Kolkata, and Guwahati—and plans to expand to 30 stores by the end of 2025.
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Recently, Jewelbox and other brands have requested the Central Consumer Protection Authority (CCPA) to ban the term “synthetic” for lab-grown diamonds, as it may cause confusion with imitation stones like cubic zirconia.
