Lab grown diamond jewellery brand Limelight Diamonds has closed a strategic funding round worth Rs 275 crore, the company announced this week. The round was led by the company’s core promoters, the Bhathwari Group, and drew participation from strategic partners across the jewellery industry as well as several of Limelight’s own franchise partners.
The capital, raised through a mix of equity and cash consideration, will go toward strengthening the company’s vertical integration, expanding its manufacturing infrastructure, boosting design and innovation capabilities, and accelerating retail expansion across the country.
Commenting on the milestone, Pooja Madhavan, Founder & MD, said, “This funding round is a strong validation of Limelight’s vision and the growing potential of the lab grown diamond industry in India. At a time when Hon’ble Prime Minister’s ‘Make in India’ vision is driving focus towards domestic manufacturing and global competitiveness, we believe lab grown diamonds present a significant opportunity for India to lead a new-age luxury category globally. This investment will help us strengthen Indian manufacturing, accelerate retail expansion, and build a world-class brand from India for the world.”
Limelight Diamonds also confirmed that its retail expansion plans remain firmly on track, with aggressive growth planned across metro cities, Tier I, and emerging Tier II markets. The company aims to significantly increase its national retail footprint over the next phase of growth through a combination of company-owned and franchise-operated stores, with a target of adding 100 stores in 2026 and scaling up to 200 stores by 2027.
The funding comes at a time when consumer interest in lab grown diamonds is witnessing rapid momentum globally, driven by evolving preferences, value conscious luxury consumption, sustainability considerations, and increasing acceptance among younger consumers.
With a strong retail network, vertically integrated operations, and growing investor confidence, Limelight Diamonds is positioning itself at the forefront of India’s next-generation jewellery revolution.
BSC Advisors served as the financial advisor to Limelight Lab Grown Diamonds for this strategic fund raise.
