ONYA raises Rs 12.5 Cr for lab-grown diamond jewellery
Lab-grown diamond jewellery brand ONYA has secured Rs 12.5 crore in a pre-Series A funding round led by Divisa Family Office.
Existing investor Zeropearl VC increased its commitment by participating again after the company's earlier Rs 5.5 crore seed funding round. Angel investors who participated at the seed stage also joined the round, including the founders of MyGate and the founder of UrbanVault.
Lab-grown diamond jewellery
Founded in 2024 by Gaurav Choudhary and Himani Yadav, ONYA is a lab-grown diamond jewellery brand that combines technology-driven diamond creation with contemporary jewellery design. Based in Bengaluru, the company offers IGI-certified lab-grown diamonds set in BIS Hallmarked gold, with a focus on personalized designs and craftsmanship.
The brand states that its products provide consumers with an alternative to natural diamonds at approximately 20 percent of the cost, while also offering a lifetime exchange and buyback program.
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ONYA claims to have established a retail network of eight flagship stores across Bengaluru, Pune’s Amanora Gold Souk Mall, and Hyderabad’s Jubilee Hills. The brand also stated that it has achieved monthly recurring revenue of Rs 3.5 crore.
ONYA has developed its proprietary ONYA Setting, a patented ring-setting design, along with its flagship ONYA Signature Collection, which draws inspiration from Neoclassical architecture.
The newly raised capital will be used to strengthen ONYA’s retail presence, drive digital customer acquisition, enhance online personalization capabilities, and expand research and development efforts focused on product innovation, design, and manufacturing.
ONYA operates in India’s growing lab-grown diamond jewellery segment alongside brands such as Aukera, Limelight, Jewel Box, and Fiona. According to industry data cited by the company, nine dedicated lab-grown diamond startups collectively raised $26.4 million in 2025, compared to $4.7 million in 2024.
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