The company will also use the capital to scale lab-grown diamond production and strengthen working capital
Dholakia Lab Grown Diamond (DLGD) has raised over Rs 800 crore led by Abakkus PE, alongside ICICI Ventures IAF5, Amal Parikh and other marquee investors. UBS acted as the exclusive advisor in this fundraise.
The capital will be deployed to accelerate the company’s next phase of growth. Key priorities include scaling lab-grown diamond production, strengthening working capital and the rollout of a pan-India physical retail network. In parallel, the company said that it will advance its work in precision single-crystal diamonds for high-value applications across optical, quantum and thermal domains.
“This is a proud and fulfilling moment for me, especially after handing over leadership to the next generation eight years ago. Seeing them collaborate with like-minded investors is a strong validation of their vision to scale the platform with greater speed and ambition,” stated Savji Dholakia, Founder, Hari Krishna Group.
Hasu Dholakiya, Chief Executive Officer (CEO), Dholakia Lab Grown Diamond stated that global retailers and luxury brands are increasing their lab-grown commitments, and we intend to be the manufacturing and design partner of choice. We built this business with discipline, and now we have the resources to scale it responsibly, innovatively and transparently.
