Abakkus Four2Eight Opportunities Fund (Abakkus PE), ICICI Ventures India Advantage Fund Series 5 (IAF5), Amal Parikh and several marquee investors have backed the company to accelerate its next phase of growth
Mumbai: Dholakia Lab Grown Diamond Private Limited (DLGD) announced that it has raised over Rs 800 crore in funding led by Abakkus Four2Eight Opportunities Fund (Abakkus PE), ICICI Ventures India Advantage Fund Series 5 (IAF5), Amal Parikh and other marquee investors. This marks as one of the largest growth-stage investments in India’s lab-grown diamond sector.
The capital will be deployed to accelerate the company’s next phase of growth. Key priorities include scaling lab-grown diamond production, strengthening working capital and the rollout of a pan-India physical retail network. In parallel, the company aims to advance its work in precision single-crystal diamonds for high-value applications across optical, quantum and thermal domains, addressing the evolving needs of the defence, semi-conductor and deep-tech sectors.
Speaking on the funding, Savji Dholakia, Founder, Hari Krishna Group, said, “This is a proud and fulfilling moment for me, especially after handing over leadership to the next generation eight years ago. Seeing them collaborate with like-minded investors is a strong validation of their vision to scale the platform with greater speed and ambition.”
Hasu Dholakiya, CEO of Dholakia Lab Grown Diamond, added, “This investment is a strong vote of confidence in our model and reflects the world’s growing confidence in lab-grown diamonds. Global retailers and luxury brands are increasing their lab-grown commitments, and we intend to be the manufacturing and design partner of choice. We built this business with discipline, and now we have the resources to scale it responsibly, innovatively, and transparently.”
Dholakia Lab Grown Diamond Private Limited (DLGD) is the lab-grown diamond jewellery arm of the Hari Krishna Group, a 33-year-old global diamond leader. The company is fully vertically integrated, with growing and cutting operations in Surat, jewellery manufacturing in Mumbai, and commercial operations in New Jersey, USA. DLGD serves 100+ retailers and brands across 25+ countries.
Retail Jeweller India News
