Aukera Raises $15M for Retail Expansion

Mumbai, Jun 30 (PTI) Lab-grown diamond jewellery company Aukera on Monday said it has raised USD 15 million (around 128 crore) in growth capital from investors led by Peak XV Partners to fund its retail expansion and enhance product offerings.

The funding round saw participation from existing investors including Fireside Ventures, Sparrow Capital, Prath Ventures and Alteria Capital, the Bengaluru-based company said in a statement.


With this, Aukera plans to continue its growth path by doubling down on physical retail, investing in top-tier design, merchandising and marketing talent, and offering a strong omni-channel experience, the company said.

"This strategic investment will fund Aukera's aggressive retail expansion plans and enhance its product offerings. The brand will scale into a Rs 1,000 crore brand in the next 5 to 7 years," Aukera founder and CEO Lisa Mukhedkar added.