Aukera Secures $15 Million to Spark Retail Growth
Aukera, a lab-grown diamond jewellery company, has secured $15 million in growth capital led by Peak XV Partners. The funds will be used to expand retail operations and enhance product offerings, aiming to scale the brand into a Rs 1,000 crore venture within 5 to 7 years, according to CEO Lisa Mukhedkar.
- Country:
- India
Aukera, a Bengaluru-based lab-grown diamond jewellery firm, has raised $15 million in growth capital, according to a company announcement made on Monday. The investment round was led by Peak XV Partners and saw participation from existing investors Fireside Ventures, Sparrow Capital, Prath Ventures, and Alteria Capital.
The new funding is set to fuel Aukera's aggressive retail expansion plans, enhancing both its product offerings and customer experience through further investment in high-caliber design, merchandising, and marketing talent, according to company founder and CEO Lisa Mukhedkar.
The company aims to scale up to a Rs 1,000 crore brand over the next 5 to 7 years, driven by a strategic focus on omnichannel experiences and physical retail growth, Mukhedkar added in the statement.
(With inputs from agencies.)
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