CONNECT WITH US
Funding Tracker

Funding Tracker

Lab-grown diamond jewellery brand ONYA raises Rs 12.5 crore in pre-Series A round

Entrackr logo

Published on

Add as a preferred source on Google
Lab-grown diamond jewellery brand ONYA raises Rs 12.5 crore in pre-Series A round

Lab-grown diamond jewellery startup ONYA has raised Rs 12.5 crore in pre-Series A funding round led by Divisa Family Office, with existing investor Zeropearl VC doubling down on their initial investment following the startup’s initial Rs 5.5 Crore seed round.

The startup also saw participation from other notable angel investors in its previous seed round, including MyGate founders, UrbanVault founder & others.

The fresh funds will be deployed to accelerate  retail footprint, support digital customer acquisition, enhance online personalization, and deepen R&D to innovate into product design and manufacturing, ONYA said in a press release.

Co-founded in 2024 by Gaurav Choudhary & Himani Yadav , ONYA is a contemporary lab-grown diamond jewellery brand that fuses art with science to create timeless, practical, and elegant pieces. 

The Bengaluru-based brand offers IGI-certified lab-grown diamonds set in BIS Hallmarked gold, emphasizing craftsmanship and personalized designs. The brand is committed to redefining value in fine jewellery by providing higher brilliance at approximately 20% of the cost of natural diamonds, backed by a Lifetime Exchange and Buyback promise. 

ONYA features its own patented ring setting called the ONYA Setting and an entire flagship line-the ONYA Signature Collection-inspired by Neoclassical architecture, establishing a new standard in modern fine jewellery.

Since inception, ONYA states that it has a retail presence with 8 flagship stores across all major high streets of Bangalore, Amanora Gold Souk Mall Pune and Road no. 36, Jubilee Hills, Hyderabad. The brand has scaled to Rs 3.5 crore Monthly Recurring Revenue.

The startup plans to expand into more markets with both Company owned stores as well as franchises.


Source link
Related Topics:Funding Tracker

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.