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Lab-grown diamond jewellery startup Aukera is in discussions to secure $15 million in funding from Peak XV. This funding comes as the lab-grown diamond market in India is experiencing rapid growth, with its value estimated at $2.61 billion in 2023 and projected to reach $8.31 billion by 2032, reflecting a compound annual growth rate (CAGR) of 13.73 percent. Concurrently, another lab-grown diamond brand, Firefly, has raised $3 million from WestBridge Capital and other investors to expand its retail presence, enhance its digital footprint, and invest in research and development.
Lab grown diamond startup Firefly raises $3 million from WestBridge Capital, others ➡️ The company plans to use the funds to expand its retail footprint, strengthen its digital presence, and invest in research and development. Read more at: https://t.co/fdVeIJRSCo
Lab-grown diamond jewellery brand Firefly raises $3 mn in funding for business expansion #Firefly #DiamondJewellery #Diamonds @PeerzadaAbrar https://t.co/34SZywxk81
Build 10X better products with 90% fewer humans; $15 mn is the new Series A: Peak XV's @RajanAnandan By @BhavyaDKumar https://t.co/iUzVB4BB2O via @moneycontrolcom
