Lucira Jewelry Raises $5.5 Million in India’s Largest Seed Round for a Jewelry Startup

Lucira Jewelry, a design-focused fine jewelry brand that promotes sustainable luxury in India, has completed a $5.5 million fundraise, marking the largest seed round raised by a jewelry startup in the country to date. The round was led by Blume Ventures with participation from Spring Marketing Capital, SiriusOne Capital Fund, and individual investors including the founders of Dot & Key, Livspace, Snitch, and Bewakoof.

Founded by jewelry veterans Rupesh and Vandana Jain, Lucira aims to transform the fine jewelry market in India by combining design, sustainability, and trust. The fundraise reflects confidence in the brand’s vision and in Rupesh Jain’s leadership, following his earlier venture with Candere, one of India’s first digital jewelry businesses that was later acquired by Kalyan Jewellers.

Since its launch, Lucira has built a portfolio of over 1,000 customizable lab-grown diamond designs, each certified by IGI, GIA, SGL, or BIS, and backed by lifetime exchange and buyback guarantees. The designs are aimed at customers seeking jewelry that offers both aesthetic appeal and authenticity.

The brand is set to open its first retail store in Mumbai this month, marking the beginning of its physical retail expansion. With the newly raised capital, Lucira plans to open four flagship stores by the end of the financial year 2026, while continuing to strengthen its digital-first buying experience and investing in technology-driven personalization tools.

Rupesh Jain, Co-Founder of Lucira, said, “This fundraise is a strong validation of the white space we see in India’s fine jewelry market. Indian consumers are moving beyond buying jewelry only for investment, they are seeking design, authenticity, and a brand they can emotionally connect with. With this backing, we aim to make Lucira the most trusted design-first fine jewelry brand from India.”

With this fundraise, Lucira Jewelery aims to establish itself as a trusted and design-led brand in India’s fine jewelry space, while expanding its presence both online and offline.