Jewelbox, India’s leading lab-grown diamond jewelry brand, successfully secured $3.2 Mn in its Pre-Series A funding round. Leading the investment is V3 Ventures.
Other co-investors joining the round included Atrium Angels, Dexter Ventures, Infinyte Club, Samarthya Capital, amongst others. Existing investor JIIF also participated in the round. Jewelbox was exclusively advised by Dexter Capital Advisors on this transaction.
This new capital is set to fuel Jewelbox’s ambitious journey across India through franchise and company owned stores, amplify its brand presence, and welcome exceptional talent to its growing family. The brand’s meteoric rise speaks volumes. In twelve months, Jewelbox has quadrupled its monthly revenue rate while transforming from a modest presence of three retail establishments into a network of eight strategically positioned luxury boutiques. The brand is now present in six major cities – Delhi, Gurgaon, Bangalore, Chennai, Kolkata and Guwahati.
“This milestone investment reaffirms our vision,” Vidita Kochar Jain, Co-Founder, Jewelbox. “The lab-grown diamond industry is witnessing an inflection point, shifting from niche to mainstream as consumers embrace sustainable luxury. At Jewelbox, we’ve always believed in pioneering this transformation, and our journey over the past three years has been a testament to the growing demand for conscious alternatives. With this latest funding milestone, we are poised to accelerate our expansion, strengthen our market presence, and continue shaping India’s leadership in the global lab-grown diamond space.”
“At V3 Ventures, we’re excited about the potential of lab-grown diamonds to truly democratize access to luxury in India. Less than 6% of Indians own diamonds today. And, we love jewelry so, this category is ready for disruption.
What impressed us most about Jewelbox is the team’s ability to execute flawlessly across online and offline channels, even outside their home markets. They’re building a brand with purpose, scale, and serious momentum — and we’re proud to back them.” — Arjun Vaidya, Co founder and Managing Partner, V3 Ventures.
About Jewelbox
Jewelbox is India’s most trusted lab-grown diamond jewelry brand, pioneering ‘Conscious Luxury’ with ethically sourced, high-quality fine jewelry. Founded in May 2022 by siblings Vidita Kochar Jain and Nipun Kochar, the brand blends craftsmanship, sustainability, and accessibility. Jewelbox offers exquisite designs for both everyday and occasion wear. With a growing retail presence and a robust e-commerce platform, the brand is expanding rapidly across India.
