Premium lab-grown diamond jewellery brand Aukera has secured $15 million in a funding round led by Peak XV Partners, with participation from existing investors Fireside Ventures, Sparrow Capital, Prath Ventures, and Alteria Capital.

The capital will be used to accelerate retail expansion, strengthen design and marketing capabilities, and scale product innovation. Aukera currently operates 13 company-owned stores across Bengaluru, Delhi NCR, and Hyderabad, with two more set to open in the next 10 days.

Positioned in the premium segment, Aukera exclusively offers IGI-certified lab-grown diamonds through an omni-channel model. The brand plans to deepen its presence across metro markets while targeting INR 1,000 crore in revenue over the next 5–7 years.

With India’s lab-grown diamond market rapidly expanding, investors see strong momentum. “Aukera is well-positioned to lead this shift in how fine jewellery is consumed,” said Abhishek Mohan, Principal at Peak XV Partners.