VC Fund Investments
Lab grown diamonds seller Jewelbox raises $3.2 M from V3 Ventures, others
Kolkata-based lab-grown diamond jewellery brand Jewelbox has raised USD 3.2 million from investors led by V3 Ventures. The pre-Series A funding round also saw participation from Atrium Angels, Dexter Ventures, Infinyte Club, Samarthya Capital and existing backer JITO Incubation & Innovation Foundation (JIIF).The startup plans to use the capital to expand across India, strengthen brand visibility, and hire talent. Jewelbox operates eight stores across Delhi, Gurgaon, Bengaluru, Chennai, Kolkata and Guwahati and aims to scale to 30 stores by the end of the year.Jewelbox, founded in May 2022 by siblings Vidita Kochar Jain and Nipun Kochar, sells lab-grown diamond jewellery through both online and offline channels. In March 2024, Jewelbox had raised INR 3.7 crore in seed funding from JIIF.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
