The round also saw participation from Atrium Angels, Dexter Ventures, Infinyte Club, Samarthya Capital, and existing investor JIIF. The deal was exclusively advised by Dexter Capital Advisors.

The fresh capital will power Jewelbox’s aggressive expansion strategy, targeting a footprint of 30 stores across major Tier 1 and Tier 2 cities through a mix of franchise and company-owned outlets. The brand, founded in 2022 by Vidita Kochar Jain and Nipun Kochar, currently operates eight luxury retail boutiques in cities like Delhi, Gurgaon, Bangalore, Chennai, Kolkata, and Guwahati — a significant leap from just three stores a year ago.

Jewelbox has witnessed 4x year-on-year revenue growth, signalling rising consumer interest in sustainable and ethically sourced jewellery. This investment will also support brand building and talent acquisition, as the company scales both its online and offline channels.

“This milestone investment reaffirms our vision,” said Vidita Kochar Jain, Co-Founder, Jewelbox. “The lab-grown diamond industry is at an inflection point, shifting from niche to mainstream. Consumers are increasingly seeking conscious luxury, and our journey over the last three years reflects this demand. With this latest funding, we’re set to deepen our impact and help shape India’s leadership in the global LGD space.”

Backing the brand’s vision, Arjun Vaidya, Co-founder and Managing Partner of V3 Ventures, said, “We believe lab-grown diamonds can democratize access to luxury in India. Less than 6% of Indians own diamonds today. Jewelbox’s execution across markets impressed us — they’re building with purpose, scale, and real momentum.”