Lucira Jewelry, a design-led fine jewellery brand founded by industry veterans Rupesh and Vandana Jain, has raised $5.5 million in seed funding, the largest ever seed round for a jewellery startup in India.
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.
Lucira, founded in April 2025, aims to disrupt India’s fine jewellery market by blending design, sustainability, and trust. The funding marks a high-conviction bet on Rupesh Jain’s second innings, following his success with Candere, one of India’s earliest digital jewellery platforms, later acquired by Kalyan Jewellers.
Rupesh Jain, Co-Founder, Lucira expressed, “This fundraise is a strong validation of the white space we see in India’s fine jewellery market. Indian consumers are moving beyond buying jewellery 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 jewellery brand from India.”
In just a few months, Lucira has built a portfolio of over 1,000 customisable lab-grown diamond designs, each certified by IGI, GIA, SGL, or BIS, and backed with lifetime exchange and buyback guarantees. The brand, currently available online with nationwide delivery, will launch its first retail store in Mumbai this month.
“Rupesh has already proven his ability to build and scale in this category with Candere’s successful exit,” said Karthik Reddy, Managing Partner at Blume Ventures. “What excites us most is Lucira’s omnichannel vision that is seamlessly blending cutting-edge digital experiences with physical retail. The speed of execution, combined with Rupesh’s deep understanding of Indian jewellery consumers, makes Lucira a strong contender to build the next category-defining brand.”
Next Phase of Growth
The fresh capital will be used to:
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Open four flagship stores by FY2026 across key metros
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Enhance the digital-first customer journey
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Strengthen the technological backbone
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Scale the design studio and build a team of top talent
“Our vision is to cement Lucira as India’s most design-first fine jewellery brand, and that requires building strategically on three fronts, design leadership, omnichannel presence, and consumer trust. This fundraise is a vote of confidence from partners who understand we’re not just selling jewellery, we’re shifting mindsets.” added Rupesh Jain.
Lucira’s collections are crafted using lab-grown diamonds, recycled gold, and transparent practices, underscoring the brand’s commitment to sustainable luxury.
Cumulative Ventures acted as the sole advisor to the transaction, while Novolex served as legal advisor.
