Lab-grown diamond jewellery company Aukera raises $15 million in round led by Peak XV Partners

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Here’s a structured summary of the information regarding the lab-grown diamond jewelry company Aukera:

Company

  • Startup: Aukera
  • Founded: 2023
  • Founders: Lisa Mukhedkar, Kumar Saurabh
  • Location: Bengaluru, India

Funding Details

  • Amount Raised: $15 million
  • Total Funds Raised: Almost $20 million
  • Funding Series: Latest funding round

Investors

  • Lead Investor: Peak XV Partners
  • Existing Investors:
    • Fireside Ventures
    • Sparrow Capital
    • Prath Ventures
    • Alteria Capital

Date of Funding

  • Funding Date: Not specified in the text

Plans for Funds

  • Use of Funds:
    • Expand retail footprint
    • Enhance product offerings
    • Hire design, merchandising, and marketing talent
  • Current Retail Presence: 13 offline stores across Bangalore, Delhi NCR, and Hyderabad
  • Expansion Plans: Adding 2 more stores in the next 10 days

Market Insights

  • Projected Annual Run Rate: Rs 200 crore by the end of the financial year
  • Future Growth Projection: Aim to become a Rs 1,000 crore brand in 5-7 years
  • Industry Growth: India’s lab-grown diamond market projected to reach $1,192.3 million by 2033 at a CAGR of 14.8%.

This summary captures all the critical details provided in the text.

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2032-08-25 04:38:21