Auker has 2
Lab-grown diamond jewellery startup Aukera has secured Rs 26.7 crore ($3.2 million) in Sequence A funding, with Fireplace Ventures main the spherical. This marks the primary institutional funding for the Bengaluru-based firm since its founding in 2023.
In keeping with regulatory filings, Aukera’s board authorized the issuance of 10 fairness shares and eight,155 Sequence A CCPS at Rs 32,713 per share. Whereas Fireplace Ventures contributed Rs 23.75 crore to the spherical, Sparrow Capital and Everlasting Rising Enterprises invested Rs 1.39 crore and Rs 1.57 crore respectively.
The funding values Aukera at roughly Rs 124 crore ($15 million). Submit-investment, Fireplace Ventures holds a 19.20% stake within the firm, adopted by Sparrow Capital at 7.59% and Everlasting Enterprises at 5.89%. The corporate plans to make use of the funds for enlargement and common enterprise operations.
As a part of this spherical, Aukera has expanded its worker inventory choice pool by including 1,180 choices, bringing the entire to 1,896 choices price an estimated Rs 6.20 crore. Sources point out this can be a part of an ongoing funding spherical with potential for added capital raises.
Aukera focuses on lab-grown diamond jewellery, providing items in white, rose, and yellow gold, in addition to platinum. The ladies-focused model presently operates by way of its web site and two bodily shops in Bengaluru. It competes with different gamers within the lab-grown diamond area together with Fiona Diamonds, Limelight Lab Grown Diamonds, Jewelbox, and GIVA, which is backed by Aditya Birla.