What started as a bold leap into a fairly new category has now turned into something far bigger — a movement backed by belief, numbers, and people who chose to bet early.
We’re thrilled to share that Jewelbox has raised $3.2 million in our Pre-Series A round. This round was led by V3 Ventures, with participation from Arjun Vaidya, Abhiram Bhalerao, and Shweta Tripathi, who backed us early and never wavered.
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Joining us this time are some incredible new partners — Atrium Angels, Dexter Ventures, Infinyte Club, and Samarthya Capital — and we’re also grateful to welcome back our supporters at JITO Incubation & Innovation Foundation, who continue to believe in our long game.
A huge shoutout to Dexter Capital Advisors — they’ve been more than just financial advisors. They’ve been calm voices in moments of chaos and trusted allies every step of the way.
When Nipun and I first set out, it wasn’t with loud declarations — just a quiet, unwavering conviction that lab-grown diamonds were the future. It felt early, maybe even too early to some. But we had our eyes on the long arc of consumer behaviour, and the shift was already starting.
Fast forward to today:
- Our revenue has grown 4x in just one year
- We’ve gone from 3 stores to 8
- We’re now present in 6 key cities across India
This kind of growth doesn’t happen in isolation. It’s been fuelled by a team that’s put in the hard yards, family that’s kept us grounded, and a circle of believers who backed us before it was fashionable to do so.
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We’re not just selling diamonds. We’re changing the narrative around them. Lab-grown is no longer a fringe idea — it’s headed straight into the mainstream, and we’re proud to be at the front of that shift.
This new round of funding gives us the firepower to build faster, go deeper in the markets we’re in, shape a brand that truly resonates, and bring on more amazing people to build this with us.
We’re just getting warmed up.
