Lab-grown diamond jewellery firm Lucira raises $5.5 million in its maiden funding round

Lab-grown diamond jewellery firm Lucira has raised $5.5 million (about Rs 48 crore) in its maiden funding round from investors led by venture capital firm Blume Ventures and Spring Marketing Capital.

The round also saw participation from SiriusOne Capital Fund and angel investors including founders of Dot and Key, Livspace and Snitch.

According to cofounder Rupesh Jain, the company will use the funds to expand offline operations, strengthen its team and step up marketing efforts.

Founded in May by Rupesh and Vandana Jain, the Mumbai-based company has…