The fresh capital will power Lucira’s next phase of growth, as plans include opening new flagship retail stores in the current financial year
Lucira Jewelry, a design-first fine jewellery brand has secured USD 5.5 million in seed funding. The round was led by Blume Ventures and Spring Marketing Capital, with participation from SiriusOne Capital Fund and a network of marquee angel investors including founders of Dot & Key, Livspace, Snitch and others.
“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,” highlighted Rupesh Jain, Co-founder, Lucira.
The fresh capital will power Lucira’s next phase of growth. Plans include opening new flagship retail stores in the current financial year, enhancing its digital-first customer journey, and strengthening its technology backbone. The company is also investing in scaling its design studio and hiring top talent. The fundraise marks a high-conviction bet on Rupesh Jain’s second innings after building Candere into one of India’s earliest digital jewellery success stories, later acquired by Kalyan Jewellers, as per the official statement.
Lucira has created a portfolio of more than 1,000 customisable lab grown diamond designs. Cumulative Ventures acted as the sole advisor to the transaction. Novolex served as legal advisor to the company.
