Lab-grown diamond brand Aukera raises $15 Mn led by Peak XV

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Here’s a structured summary of the funding details for Aukera, including relevant information:

Startup:

  • Name: Aukera
  • Founded by: Lisa Mukhedkar and Kumar Saurabh
  • Location: Bengaluru, India

Funding Details:

  1. Series B Funding

    • Amount Raised: $15 million
    • Lead Investor: Peak XV Partners
    • Other Investors:
      • Fireside Ventures
      • Sparrow Capital
      • Prath Ventures
      • Alteria Capital
    • Date: Date not specified in the source
  2. Series A Funding
    • Amount Raised: ₹26.7 crore (approximately $3.2 million)
    • Lead Investor: Fireside Ventures
    • Date: August (year not specified in the source)

Additional Notes:

  • Aukera aims to enhance its retail presence and product offerings.
  • The brand has 13 stores in cities like Bengaluru, Delhi NCR, and Hyderabad.
  • Plans to expand and aim for a valuation of ₹1,000 crore in the next 5 to 7 years.

Competitors:

  • Fiona Diamonds
  • Limelight Lab Grown Diamonds
  • True Diamond
  • COLUXE
  • Jewelbox
  • GIVA (backed by Aditya Birla)

This summary captures the essential details provided in the original text about Aukera’s funding history and relevant stakeholders.

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2025-06-30 05:48:13