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Priyanka Gill quits Kalaari Capital to launch lab-grown diamond brand
Economic Times
·
6m ago
Medial
Priyanka Gill, cofounder of Good Glamm Group and former Kalaari Capital venture partner, has launched a lab-grown diamond brand, Coluxe. The brand, focusing on sustainable and ethical fine jewellery, intends to debut digitally in mid-2025, with plans for retail expansion. Coluxe will feature contemporary collections and incorporate technology-driven experiences like AI-powered virtual try-ons. Gill's initiative comes amid discussions about policymaking for lab-grown diamonds, emphasizing their equivalence to mined diamonds in quality and appearance.
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Good Glamm Group co-founder Priyanka Gill quits Kalaari to start new venture
VCCircle
·
6m ago
Medial
Priyanka Gill, co-founder of Good Glamm Group and former venture partner at Kalaari Capital, has launched a new venture, Coluxe, focusing on lab-grown diamond and gemstone jewelry. Coluxe aims for an omnichannel sales approach and emphasizes sustainable and ethical luxury. Having previously founded media platform POPxo, Gill will leverage her experience in digital media and direct-to-consumer strategies. Her initiative coincides with growing global demand for lab-grown diamonds, with several startups in the field attracting investor interest.
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Priyanka Gill’s lab-grown diamond brand COLUXE raises angel funding
Entrackr
·
6m ago
Medial
Priyanka Gill’s lab-grown diamond brand COLUXE raises angel funding Serial entrepreneur Priyanka Gill, Venture Partner at Kalaari Capital and Co-Founder of the Good Glamm Group, has launched COLUXE, a lab-grown diamond (LGD) brand. The brand has also raised funds in its angel round for an undisclosed amount. COLUXE offers contemporary designs focusing on collections built around the classic suite of jewellery, from solitaire rings, pendants, earrings, tennis bracelets & necklaces to thematic collections around the zodiac, gifting, manifestation, and the COLUXE signature pieces. According to the company, the key differentiator for COLUXE will be the technology-led focus on customisation and innovating new mechanisms allowing multi-use settings and personalisation through AI. It claims to have an easy integration across flagship stores and digital platforms. The startup plans to launch digitally in mid-2025, followed by flagship retail expansion, tapping into India's $50 billion fine jewellery market. In the lab-grown diamond space, COLUXE will compete with a clutch of firms including Fiona Diamonds, Limelight Lab Grown Diamonds, and Jewelbox. Aditya Birla-backed GIVA also offers a lab-grown diamond jewellery line.
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Startup news and updates: Daily roundup (February 4, 2025)
YourStory
·
6m ago
Medial
OYO plans to invest £50 million in the UK to expand its premium hotel portfolio, aiming to generate 1,000 jobs and attract more visitors. Priyanka Gill, co-founder of Good Glamm Group, exits Kalaari Capital to launch the lab-grown diamond brand COLUXE. India faces competition in AI, with DeepSeek reportedly having significant GPU resources. New Relic introduces AI monitoring for DeepSeek, while Aye Finance partners with Credgenics for digital debt resolution. GPCA launches a Southeast Asia Women Investors Directory.
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The Good Glamm Group Co-founder Priyanka Gill launches Coluxe
Inshorts
·
5m ago
Medial
Serial entrepreneur Priyanka Gill, co-founder of The Good Glamm Group, has launched COLUXE, a lab-grown diamond brand aiming to redefine luxury and sustainability in India's fine jewellery market. Gill's previous venture, POPxo, merged with MyGlamm in 2020, leading to the formation of The Good Glamm Group. Priyanka holds 0.1% in Good Glam Group.
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Coluxe closes friends and family round to launch everyday fine jewellery platform
Entrackr
·
13d ago
Medial
Coluxe, the new-age fine jewellery brand reimagining everyday luxury with lab-grown diamonds and gemstones, has closed its friends and family funding round. The round saw participation from a select group of prominent investors and founders, including Startup Sherpas, HCL co-founder Ajai Chowdhry, ICICI director Tej Kapoor, Sairee Chahal (Founding Partner), Kunal Chowdhry, Rachin Dewan, and Kunal Milwani. The company raised its angel funding in February this year. The fresh funds will be used to launch its full digital storefront in August 2025 and to expand its product catalogue and infrastructure, Coluxe said in a press release. Launched this year by Priyanka Gill, Coluxe uses certified lab-grown diamonds and coloured gemstones to create modular, stackable pieces designed for daily wear. The brand is tailored for a new generation of Indian consumers who are looking for beauty that aligns with their values. As per market research, India’s jewellery market is valued at over $80 billion. “Lab-grown diamonds are unlocking access in a market where only 6% of gold jewellery buyers own a single diamond. At the same time, consumer behaviour is evolving—women are now self-purchasing and seeking everyday fine jewellery that reflects their identity, not just tradition,” said Priyanka Gill, founder and CEO, Coluxe. Earlier this month, Coluxe says it debuted with a limited-edition Rakhi capsule to test demand and operational readiness. The collection sold out within a week, entirely via WhatsApp-based commerce. The August launch will include over 300 SKUs spanning rings, earrings, pendants, bracelets, and signature stacking sets. In the lab-grown diamond space, Coluxe will compete with a clutch of firms, including Fiona Diamonds, Limelight Lab Grown Diamonds, and Jewelbox. Aditya Birla-backed GIVA also offers a lab-grown diamond jewellery line.
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Lab-grown diamond jeweller Limelight raises funding, plans IPO
VCCircle
·
6m ago
Medial
Lab-grown diamond jewellery brand Limelight Lab Grown Diamonds Ltd, backed by Emerald Group, has secured $11 million in funding from various investors. The recent capital raise involves fund houses, broking firms, family offices, and the company's promoters. This financial boost is intended to support Limelight's plans for going public with an initial public offering (IPO), reflecting its growth ambitions and strengthening its market presence in the lab-grown diamond sector.
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Firefly Diamonds raises $3 Mn in seed round led by WestBridge Capital
Entrackr
·
4m ago
Medial
Firefly Diamonds raises $3 Mn in seed round led by WestBridge Capital Indian lab-grown diamond jewellery brand Firefly Diamonds has raised $3 million in its seed round led by WestBridge Capital. The proceeds will be used to accelerate the brand’s retail expansion, and its digital presence, and fuel R&D for new and distinctive jewellery collections. Co-founded by Adit and Aayush Bhansali, Firefly utilizes advanced technology to create lab-grown diamonds which offer the same physical, optical, and chemical characteristics as mined diamonds, but their production has a dramatically lower impact on the environment. It offers fine jewellery set in 14K and 18K gold. The brand has stores across 4 cities currently - Mumbai, Pune, Bengaluru, and Hyderabad with a plan to expand to over 20 locations within the following two years. In the lab-grown diamond space, Firefly Diamonds will compete with a clutch of firms including COLUXE, Fiona Diamonds, Limelight Lab Grown Diamonds, and Jewelbox. Aditya Birla-backed GIVA also offers a lab-grown diamond jewellery line.
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Good Glamm’s Priyanka Gill set to exit
Livemint
·
1y ago
Medial
Priyanka Gill, co-founder of Good Glamm Group, is leaving the Prosus-backed company to join venture capital firm Kalaari Capital. Gill, who founded PopXo, will lead Kalaari Capital's CXXO initiative that invests in women-led businesses. Good Glamm, a direct-to-consumer company, acquired PopXo in 2020. Good Glamm's media business, Good Media Co., has been affected by post-Covid disruptions. Gill will become the chairperson of Good Media Co. and will retain her stake in the parent company. Good Glamm is in talks to raise a ₹500 crore funding round.
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Lab-grown diamond brand Aukera raises $15 Mn led by Peak XV
Entrackr
·
1m ago
Medial
Lab-grown diamond jewellery brand Aukera has secured $15 million in its Series B funding led by Peak XV Partners. Existing investors Fireside Ventures, Sparrow Capital, Prath Ventures, and Alteria Capital have also participated in the round. Earlier in August last year, Aukera had raised Rs 26.7 crore (approximately $3.2 million) in its Series A financing led by Fireside Ventures. Entrackr had exclusively reported the development. The proceeds will help Aukera grow its retail presence, improve its products, and strengthen its position in India’s fine jewellery market. Founded two years ago by Lisa Mukhedkar and Kumar Saurabh, Aukera has 13 stores in cities such as Bengaluru, Delhi NCR, and Hyderabad. The brand plans to enter more cities and aims to become a Rs 1,000 crore brand in the next five to seven years. Aukera focuses on selling high-quality, lab-grown diamonds set in fine jewellery. It targets women who want better designs and bigger diamonds without the high costs of mined stones. The Bengaluru-based firm competes with a clutch of firms including Fiona Diamonds, Limelight Lab Grown Diamonds, True Diamond, COLUXE, and Jewelbox. Aditya Birla-backed GIVA also offers a lab-grown diamond jewellery line.
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Jewelbox raises $3.2 Mn in pre-Series A round
Entrackr
·
3m ago
Medial
Lab-grown diamond brand Jewelbox has raised $3.2 million in a pre-Series A funding round led by V3 Ventures, with participation from Atrium Angels, Dexter Ventures, Infinyte Club, Samarthya Capital, and existing investor JITO Incubation & Innovation Foundation (JIIF). In March 2024, the Kolkata-based startup had raised Rs 3.7 crore in seed funding from JIIF. The proceeds will be used to grow its store network, build brand awareness, and hire across key departments. Founded in May 2022 by siblings Vidita Kochar Jain and Nipun Kochar, Jewelbox sells lab-grown diamond jewellery through both online and offline channels. The firm reported an annual revenue run rate (ARR) of Rs 38 crore for FY25, up from Rs 16 crore the previous year. Jewelbox currently runs eight stores in six cities—Delhi, Gurgaon, Bengaluru, Chennai, Kolkata, and Guwahati—and aims to expand to 30 stores by the end of 2025. In the lab-grown diamond space, Jewelbox will compete with a clutch of firms, including COLUXE, Fiona Diamonds, Limelight Lab Grown Diamonds, and Firefly Diamonds. Aditya Birla-backed GIVA also offers a lab-grown diamond jewellery line. Last month, Firefly Diamonds raised $3 million in its seed round led by WestBridge Capital. Jewelbox and other new brands have asked the Central Consumer Protection Authority (CCPA) to stop the use of the term "synthetic" for lab-grown diamonds, saying it confuses with imitation stones like cubic zirconia.
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