Luxury jewellery brand Lucira secures $5.5 million investment to debut its first brick-and-mortar store in Mumbai
In a significant move for the Indian jewelry market, Lucira Jewelry, co-founded by Rupesh Jain, is poised for growth. The company, which positions itself as a sustainable and accessible luxury brand for modern Indian consumers, recently raised $5.5 million in its maiden seed funding round.
The funding round, led by Blume Ventures, also saw participation from Spring Marketing Capital, SiriusOne Capital Fund, and a host of angel investors including the founders of Dot and Key, Livspace, Snitch, and Bewakoof.com.
Blume Ventures' Managing Partner, Karthik Reddy, expressed excitement about Lucira's omnichannel vision that seamlessly blends cutting-edge digital experiences with physical retail. He noted that Rupesh Jain, who had already demonstrated success in the category with Candere's exit, is well-equipped to build the next category-defining brand.
Rupesh Jain stated that Indian consumers are moving beyond viewing jewelry as an investment and are seeking design, authenticity, and emotional connections with brands. This consumer shift is a key focus area for Lucira Jewelry.
Lucira Jewelry offers lifetime exchange and buyback guarantees on its products, reinforcing its commitment to consumer trust. The company has built a catalogue of nearly 1,000 customisable designs certified by IGI, GIA, SGL, and BIS.
In line with its growth plans, Lucira Jewelry aims to use the funds raised to strengthen its design leadership, expand its omnichannel presence, and deepen consumer trust. The company plans to launch its first retail store in Mumbai this month and establish four additional stores by FY26.
The speed of execution and Rupesh Jain's deep understanding of Indian jewelry consumers make Lucira a strong contender to build the next category-defining brand. The founder of Lucira Jewelry, which was founded in May 2025 by Rupesh Jain and Vandana Jain, remains unmentioned in the provided search results. However, the future of Lucira Jewelry looks promising as it continues to redefine the Indian jewelry market.
