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Lucira Jewelry, a design-first fine jewelry brand redefining sustainable luxury in India, has raised $5.5 million funding, the company said in a statement today, September 17. The fresh funding 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.

Lucira was founded by Rupesh and Vandana Jain. The fundraise marks a high-conviction bet on Rupesh Jain’s second innings after building Candere into one of India’s earliest digital jewelry success stories, later acquired by Kalyan Jewellers.

Lucira claims to have created a portfolio of more than 1,000 customisable lab-grown diamond designs, each certified by IGI / GIA / SGL / BIS and backed with lifetime exchange and buyback guarantees.

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The brand is set to launch its first retail store in Mumbai this month. With fresh capital, Lucira plans to open four new flagship stores by the end of FY2026, further strengthening its digital-first buying experience and investing in technology-led personalisation.

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"What excites us most is Lucira’s omnichannel vision that is seamlessly blending cutting-edge digital experiences with physical retail. The speed of execution, combined with Rupesh’s deep understanding of Indian jewelry consumers, makes Lucira a strong contender to build the next category-defining brand," said Karthik Reddy, managing partner at Blume Ventures.

"Our vision is to cement Lucira as India’s most design-first fine jewelry brand, and that requires building strategically on three fronts: design leadership, omnichannel presence, and consumer trust. This fundraise is a vote of confidence from partners who understand we’re not just selling jewelry, we’re shifting mindsets," said Rupesh Jain, co-founder, Lucira.

Currently available online, Lucira, with nationwide delivery, will soon debut flagship experience stores across key metros.

In the startup space, this week BeyondSquare Solutions, a Bengaluru-based IT product enterprise behind the flagship product FinAlyzer, raised $4 million in Series A funding from Avant Global Corporation.

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