Jewelbox Attracts New Investors to Power Growth in Sustainable Luxury Market
Jewelbox, a lab-grown diamond jewellery brand, has raised new capital to support its ambitious growth plans. The round included participation from Atrium Angels, Dexter Ventures, Infinyte Club, Samarthya Capital, and returning investor JIIF, with Dexter Capital Advisors acting as the exclusive advisor for the deal.
The newly raised funds will help drive Jewelbox’s expansion to 30 stores across Tier 1 and Tier 2 cities through a combination of franchise and company-owned outlets. Launched in 2022 by Vidita Kochar Jain and Nipun Kochar, the brand currently runs eight high-end retail boutiques in cities such as Delhi, Gurgaon, Bangalore, Chennai, Kolkata, and Guwahati—a substantial increase from just three locations last year.
With a remarkable 4x year-on-year revenue growth, the company has seen increasing demand for sustainable, ethically sourced jewellery. The funding will also be directed toward strengthening brand presence, hiring key talent, and expanding both ecommerce and offline retail operations.
“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.”
Supporting the brand’s mission, Arjun Vaidya, Co-founder and Managing Partner of V3 Ventures, added, “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.”
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