Aukera Jewellery secures Rs. 26.7 crore in Series A funding round 

In addition to the financial support, Bangalore-based Aukera has expanded its Employee Stock Option Plan (ESOP) by adding 1,180 new options to the existing 1,896 options, valued at Rs. 6.20 crore 

Bengaluru — Lab-grown jewellery brand Aukera Jewellery has successfully raised Rs 26.7 crore (approximately USD 3.2 million) in its Series A funding round, marking its first institutional investment since its establishment a year ago. 

The funding round was led by Fireside Ventures, which contributed Rs. 23.75 crore. Sparrow Capital and Eternal Emerging Enterprises also participated, investing Rs. 1.39 crore and Rs. 1.57 crore, respectively. 

According to a media reports, Aukera’s board approved the issuance of 10 equity shares and 8,155 Series A Compulsorily Convertible Preference Shares (CCPS) at an issue price of Rs. 32,713 each. 

The newly raised funds will be directed towards the company’s expansion and general corporate purposes. Following this investment, Fireside Ventures holds a 19.20% stake in Aukera, while Sparrow Capital and Eternal Emerging Enterprises own 7.59% and 5.89% stakes, respectively. 

In addition to the financial support, Aukera has expanded its Employee Stock Option Plan (ESOP) by adding 1,180 new options to the existing 1,896 options, valued at INR 6.20 crore. This expansion highlights the company’s commitment to rewarding its team and fostering collective success. 

Founded in 2023, Aukera Jewellery is a women-centric brand which specialises in lab-grown diamond jewellery available in white, rose, yellow gold, and platinum. The company operates through its website and two physical stores in Bengaluru, underscoring its growing presence in the market. 

Retail Jeweller India News