Since inception, the brand says it has built three profitable retail outlets, located in Bengaluru, Guwahati and Coimbatore
Bengaluru: Lab-grown diamond jewellery brand Reia Diamonds has raised Rs 2 crore in a pre-seed funding round led by Dinesh Talera and family, founders of the iconic Mysore Saree Udyog, alongside Venture Catalysts, one of India’s leading early-stage investment platforms.
Since inception, the brand says it has built three profitable retail outlets. The fresh capital will help expand its retail footprint, strengthen its omnichannel presence, and push innovation across engagement rings and versatile everyday wear collections, Reia Diamonds said in a statement. The brand plans to scale up retail through its franchise model, to ensure growth with profitability.
Commenting on the funding announcement, Prapanjj S K Kota, Founder & CEO, Reia Diamonds said, “This funding allows us to accelerate Reia’s growth, expand our retail presence and distribution, and reach more women across India with our modern, versatile, and ethically crafted jewellery. Engagement rings remain at the heart of our offering, alongside everyday designer pieces designed to celebrate individuality, elegance, and life’s moments. With this support, we can innovate faster, serve our customers better, and make diamond ownership aspirational yet attainable for every woman.”
India’s lab-grown diamond market, valued at $300-350 million in 2024, isprojected to grow at ~15% CAGR over the next decade, reflecting rising demand for accessible, ethical and contemporary diamond jewellery.
Founded in 2023, the brand primarily sells high quality lab-grown diamond jewellery but also offers natural diamonds. It is known for its original designs, full customization and transparent pricing. It has three stores across India, located in Bengaluru, Guwahati and Coimbatore.
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