Aukera Raises Rs. 90 Cr (Over USD 10 Mn) in Fresh Funding, Less Than a Year After USD 15 Mn Round, as It Accelerates National Expansion
Bangalore (Karnataka) [India], July 11: Aukera, India's leading premium lab-grown diamond jewellery brand, today announced that it has raised Rs. 90 crore (over USD 10 million) in fresh funding, led by existing investor Alteria Capital, along with InnoVen Capital, Lighthouse Canton and a leading bank. The raise comes less than twelve months after the company closed a USD 15 million equity round led by Peak XV Partners, with participation from Fireside Ventures, Sparrow Capital, Prath Ventures and Alteria Capital -- a pace of back-to-back institutional capital that reflects the strength of Aukera's growth trajectory and the confidence of lenders and investors alike in the underlying business. The company continues to strengthen its balance sheet as the category draws in India's largest players, including Titan with its lab-grown diamond brand Beyon -- a market Aukera has been leading from the front.
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