“The round was led by Blume Ventures with participation from Spring Marketing Capital, SiriusOne Capital Fund, and several individual investors, including the founders of Dot & Key, Livspace, Snitch, and Bewakoof. ”

The raise signals strong investor confidence in founder Rupesh Jain’s second innings, following his successful exit from Candere, one of India’s earliest digital jewellery success stories acquired by Kalyan Jewellers.

“This fundraise is a strong validation of the white space we see in India’s fine jewellery market. Consumers are moving beyond buying jewellery only for investment; they now seek design, authenticity, and a brand they can emotionally connect with,” said Rupesh Jain, Co-Founder, Lucira.

Building a Sustainable Luxury Brand

Lucira is positioning itself as India’s go-to brand for sustainable luxury and design-led fine jewellery. Its portfolio already spans over 1,000 customizable lab-grown diamond designs, all certified by IGI, GIA, SGL, and BIS, and supported by lifetime exchange and buyback guarantees.

This month, the brand will open its first retail store in Mumbai, with plans to launch four flagship stores by FY2026. The fresh capital will also support enhancements to Lucira’s digital-first buying experience and further investments in technology-led personalization.

Backing From Blume Ventures

“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 – seamlessly blending digital innovation with physical retail. With the speed of execution and Rupesh’s deep consumer understanding, Lucira has the potential to become a category-defining brand.”

Strategic Growth Roadmap

The new funds will fuel expansion across three key pillars:

• Design Leadership – scaling Lucira’s in-house design studio and hiring top creative talent.

• Omnichannel Presence – blending flagship retail stores with a tech-enabled digital platform.

• Consumer Trust – ensuring every piece carries certification, sustainability credentials, and buyback guarantees.

“Our vision is to cement Lucira as India’s most design-first fine jewellery brand,” added Jain. “We’re not just selling jewellery, we’re shifting mindsets. With this structured approach, we believe Lucira can become the most trusted brand for a new generation of Indian consumers.”

Cumulative Ventures acted as the sole advisor to the transaction, while Novolex served as Lucira’s legal advisor.