Lab-grown diamond jewelry start-up Aukera raises $15 million, to develop community  

Lab-grown diamond jewelry firm Aukera on Monday mentioned it has raised $15 million in progress capital led by Peak XV Companions with follow-on participation from current traders, together with Hearth Ventures, Sparrow Capital, Prath Ventures and Alteria Capital.

The funding will speed up its retail enlargement plans and contribute to enhancing product choices, Aukera mentioned in a launch. It has shops in Bengaluru, Delhi NCR and Hyderabad and increasing into new cities.

The model will scale right into a Rs.1,000 crore model in subsequent 5-7 years”, founder and CEO Lisa Mukhedkar mentioned.