Mumbai: Dholakia Lab Grown Diamond (DLGD) has secured funding of over Rs 800 crore, marking a major milestone for the company and one of the largest investments seen in India’s lab-grown diamond sector.
The investment round was led by multiple investors, including Abakkus Four2Eight Opportunities Fund, ICICI Venture’s India Advantage Fund Series 5, and other marquee backers. The fresh capital is expected to support the company’s next stage of expansion and strengthen its position in the fast-growing lab-grown diamond industry.
According to the company, the funds will be used to increase production capacity, strengthen working capital, and expand its retail presence across India. DLGD also plans to advance its work in precision single-crystal diamonds for high-value sectors such as optics, quantum technology, thermal applications, defence, semiconductors, and deep-tech industries.
Commenting on the development, company leadership highlighted that the investment reflects growing confidence in the global future of lab-grown diamonds and validates the company’s long-term vision for scale and innovation.
Dholakia Lab Grown Diamond is the lab-grown diamond jewellery arm of the Hari Krishna Group. With manufacturing operations in Mumbai and international presence in New Jersey, USA, the company currently serves more than 100 retailers and brands across 25+ countries.
