Jewelbox raises Rs 3.5 crore in funding round led by Jito Incubation

Kolkata-based jewellery brand Jewelbox, has raised Rs 3.5 crore ($4,21,488) in a funding round led by Jito Incubation. Innovation Foundation (JIIF) along with close friends also participated in the funding round.

Jewelbox will utilise the funds to fuel its expansion plans, team building and the establishment of additional retail stores.

Commenting on the investment, Rajat Mehta, chairman of Jito Incubation in a statement said, “Jewelbox’s innovative approach in exquisite crafting jewellery with lab-grown diamonds resonates with today’s conscious consumers. We believe that their dedication to quality and sustainability will drive remarkable growth in the industry, enhancing both quality and sustainability.”

Nipun Kochar, co-founder of Jewelbox added, “We are excited to receive mentorship with industry veterans who have joined in this round. Building Jewelbox has been an incredible adventure, driven by our shared passion for redefining luxury with lab-grown diamonds. Our dedication to quality and sustainability fuels every facet of our business, and through this investment we’re eager to see our impact ripple through the industry.”

Founded in 2022 by Nipun Kochar and Vidita Kochar, Jewelbox offers sustainable luxury jewellery made using lab-grown diamonds.