Bengaluru-based Aukera has secured over $10 million, or about Rs. 90 crore, in a new funding round. Along with Alteria Capital, the round also saw participation from InnoVen Capital, Lighthouse Canton and a leading bank. This funding comes less than a year after Aukera raised $15 million in a previous round led by Peak XV Partners. That earlier round helped the brand expand its presence and build more momentum in India’s growing lab-grown diamond market.
Aukera was founded in 2023 by Lisa Mukhedkar and Kumar Saurabh. The brand focuses on fine jewellery made with lab-grown diamonds, which are seen as a more affordable and sustainable option compared with mined diamonds.
The company says it will use the fresh capital to open more company-owned stores, improve product design, add talent, and build stronger online and offline sales channels. Its goal is to grow faster in the national market as consumer interest in lab-grown jewellery rises.
Aukera’s latest raise also shows that investors still see strong potential in India’s jewellery startup space. With more shoppers choosing modern, value-driven designs, lab-grown diamond brands are becoming a bigger part of the premium jewellery market.
In simple terms, this funding gives Aukera more room to grow. If the brand executes well, it could become one of the stronger names in India’s lab-grown diamond segment.
FAQs [Frequently Asked Questions]
1) Who led Aukera’s latest funding round?
Alteria Capital led the round, with support from InnoVen Capital, Lighthouse Canton and a leading bank.
2) How much money did Aukera raise?
Aukera raised Rs 90 crore, which is more than $10 million, in fresh funding.
3) How will Aukera use the funds?
The company will expand stores, improve product design, hire talent, and strengthen its online and offline sales network.