Limelight Lab Grown Diamonds, which bills itself as “India’s largest LGD jewelry brand,” has raised close to $11 million in a new funding round.
The cash infusion comes from “leading fund houses, reput[able] broking firms, family offices, and the promoters,” the company said in a statement, which noted that the money will go toward strengthening Limelight’s design offerings and increasing its retail footprint.
In April 2024, Limelight reported receiving $1 million in funding.
Founded in 2019 by Pooja Madhavan (pictured), the company now has over 30 stores, as well as 30 shop-in shops, in more than 35 India cities. In 2024, it reported having 10 stores and 40 shop-in-shops across 25 cities.
Backers from previous funding rounds have included Indian lab-grown producer the Bhathwari Group and Indian jewelry manufacturer Emerald Group, which holds an equity stake in Limelight.
(Photo courtesy of Limelight Lab Grown Diamonds)
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