Jewelbox de Laboratory cultivated jewelry has raised $ 3.2 million in its pre-serie a financing round directed by V3 Ventures.
Other co-investors who joined the round included Atrium Angels, Dexter Ventures, Infinyte Club, Samarhya Capital, among others. The existing investor Jiif also participated in the round.
The company plans to implement the new funds for retail expansion in cities of level 1 and 2, construction of brands and marketing and equipment development.
“We currently have eight stores and plan to take this count to 30 by the end of the year using franchise -owned models and the company’s property,” said Vidita Kochar, co -founder of the company, to Businesline.
Currently, the company has 8 stores in six important cities: Gurgaon, Bangalore, Chennai, Kolkata and Guwahati.
Jewelbox has witnessed a 4x income growth year after year, backed by the growing demand for sustainable luxury. The brand is on its way to reaching ₹ 150 million rupees in ARD in December 2025, and points to ₹ 180 million rupees in ARM for fiscal year 2016. The company registered an income of RS 30.5 million rupees in the fiscal year24.
When asked about the long -term objectives of the company and the collection of funds, he added: “We are a profitable company. We are generating enough effective to help us maintain our operations.
“It is projected that the diamond jewelry market cultivated in India’s laboratory will reach $ 1 billion by 2030,” Jain added. “We believe that this category is moving from a niche segment to the mainstream, and the increase in competition only validates space,” he added.
Currently, 40 percent of sales come through the brand’s electronic commerce platform, with market listings in Nykaa and Tata Cliq Luxury, and upcoming launches on Amazon and Flipkart.
Founded in May 2022 by the brothers Vidita Kochar Jain and Nipun Kochar, Jewelbox sacrifices more than 3,000 unique designs with prices covered by ₹ 5000 for daily use to ₹ 6 Lakh. The brand designs all internal pieces, while manufacturing is currently subcontracting to manufacturers of examined contracts.
When asked about the use of contract manufacturers, he added: “There is a very strict policy or quality rigorous quality controls that occur from the end, so one thing we believe we believe is what is possible, so it is possible and possible, thus possible and possible and possess the possible and possess.
Jewelbox reduced ₹ 3.5 million rupees in a financing round directed by Jito Incubation and Innovation Foundation (JIIF) in March 2024. The sector has seen multiple players raise funds. Recently Firefly Diamonds raised $ 3 million in Westbridge capital funds.
(with internal bloc tickets Nethra Sailh)
Posted on April 16, 2025