Lab-grown diamond brand Jewelbox secures $3.2 million funding, targets ₹180 crore revenue by FY26 – CNBC TV18

Lab-grown diamond brand Jewelbox is gearing up for aggressive development, backed by a current $3.2 million pre-Sequence A fundraise led by V3 Ventures, with participation from Atrium Angels, Dexter Ventures, and JIIF. The capital can be channelled into increasing the brand’s retail footprint throughout tier-one and tier-two Indian cities, with a mixture of franchisee-owned and firm-owned shops.

“A serious a part of the fundraise goes towards the growth of bodily shops,” mentioned Vidita Kochar Jain, Co-Founding father of Jewelbox. “One other main half is being allotted towards staff constructing and brand constructing.”

The corporate at the moment operates eight shops throughout six cities and is concentrating on a community of 30 by the top of the yr. “It’s been three years and we’re a worthwhile brand,” Jain mentioned. “We constructed it in a really deliberate and structured method.”

Jewelbox has seen revenues develop fourfold yr-over-yr and is aiming to shut FY26 with an annualised revenue run charge of ₹180 crore.

On the product entrance, Jain mentioned the main target is on balancing trendy traits with traditional enchantment to serve all kinds of consumers. “Whether or not I stroll into the shop, or somebody utterly totally different, everybody ought to be capable to discover one thing they like,” she mentioned. The brand’s designs cater to the Indian lots on the lookout for reasonably priced but aspirational luxurious.

Based in 2022 by Vidita and her sibling Nipun, Jewelbox was born out of a private second—when she acquired a lab-grown diamond engagement ring and realised the untapped potential of the class in India. With no prior background in gems or jewelry, the founders leaned into their outsider standing to reimagine the whole lot from provide chains to retailer expertise. “We weren’t tied down by stereotypes or conventional methods of how jewellers function. We introduced a whole lot of contemporary perspective into the whole lot we’ve executed,” Jain mentioned.

Jewelbox additionally stands out for its dedication to girls within the office. Of its 130-member staff, round 40–45% are girls. Jain, who’s a part of a number of girls entrepreneurial networks, mentioned the bigger ecosystem nonetheless has an extended option to go. “Right now, lower than 15% of the entrepreneurial panorama is made up of girls entrepreneurs, which is a really low quantity. We actually hope to push for change right here.”

Watch accompanying video for whole dialog.