Lab-grown diamond startup Jewelbox has raised $3.2 million from V3 Ventures and other investors. The funding will be used to expand its retail footprint across India and enhance brand visibility.

Apr 16, 2025•8 months ago

Amount Raised

$3.2 Million

Round Type

PRE-SERIES A

KolkataJewelryRetailFashionE Commerce

Investors

Jito Incubation & Innovation Foundation (Jiif)Samarthya CapitalInfinyte ClubDexter VenturesAtrium AngelsV3 Ventures

Description

Lab-grown diamond jewellery brand Jewelbox has raised $3.2 million from investors led by V3 Ventures. The Kolkata-based startup plans to use the capital to expand its retail footprint across India, strengthen brand visibility, and hire talent across key functions. The pre-Series A funding round saw participation from various investors including Atrium Angels and Dexter Ventures. Jewelbox aims to scale from eight stores to 30 stores by the end of the year.

Company Information

Company

Jewelbox

Location

Kolkata, West Bengal, India

About

Jewelbox is a lab-grown diamond jewellery brand that was founded in May 2022 by siblings Vidita Kochar Jain and Nipun Kochar. The startup sells lab-grown diamond jewellery through online and offline channels and has raised $3.2 million in pre-Series A funding to expand its operations across India. The company currently operates eight stores across six cities and aims to scale to 30 stores by the end of the year. Jewelbox has seen significant growth, with its annual revenue run rate increasing from Rs 16 crore to Rs 38 crore in the previous fiscal year.

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