Lab-grown diamond jewellery start-up Aukera raises $15 million, to expand network  

Lab-grown diamond jewellery company Aukera on Monday said it has raised $15 million in growth capital led by Peak XV Partners with follow-on participation from existing investors, including Fireside Ventures, Sparrow Capital, Prath Ventures and Alteria Capital.

The investment will accelerate its retail expansion plans and contribute to enhancing product offerings, Aukera said in a release. It has stores in Bengaluru, Delhi NCR and Hyderabad and expanding into new cities.

The brand will scale into a Rs.1,000 crore brand in next 5-7 years”, founder and CEO Lisa Mukhedkar said.