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Lucira Jewelry has raised $5.5 million in seed funding, which the company said is the largest seed round to date for a jewelry startup in India. The round was led by Blume Ventures and Spring Marketing Capital, with participation from SiriusOne Capital Fund and several individual investors, including the founders of Dot & Key, Livspace, Snitch, and Bewakoof. Lucira said it plans to use the funding to open new retail stores, expand its design studio, and invest in technology and hiring. Its first retail store is expected to open in Mumbai this month, with four more flagship stores planned by the end of FY2026.
“Indian consumers are moving beyond buying jewelry only for investment. They are seeking design, authenticity, and a brand they can connect with.” said Rupesh Jain, co-founder of Lucira
Blume Ventures Managing Partner Karthik Reddy said “Lucira’s strategy combines digital shopping experiences with physical retail, adding that Jain’s prior experience in the sector informed their investment.”
About Lucira Jewelry
Lucira Jewelry has been founded by Rupesh and Vandana Jain.Lucira focuses on design-led fine jewelry made with lab-grown diamonds and recycled gold. Rupesh Jain previously founded Candere, an online jewelry platform acquired by Kalyan Jewellers in 2017.