Jewelbox, a lab-grown diamond jewellery brand, has raised $3.2 million in its pre-Series A funding round, according to an official statement. Jewelbox will utilise the funds to expand its domestic retail presence, brand building initiatives, and hiring. Founded in May 2022 by sibling duo Vidita Kochar Jain and Nipun Kochar, Jewelbox offers lab-grown diamond jewellery through an omnichannel model—operating both online and offline. Its current presence spans six cities: Delhi, Gurgaon, Bengaluru, Chennai, Kolkata, and Guwahati. Commenting on the investment, Arjun Vaidya, co-founder at V3 Ventures in a statement said, “At V3 Ventures, we’re excited about the potential of lab-grown diamonds to truly democratize access to luxury in India. What impressed us most about Jewelbox is the team’s ability to execute flawlessly across online and offline channels, even outside their home markets.” Vidita Kochar Jain, co-founder of Jewelbox added, “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.”
