Press Release – 1 July 2026
Limelight Lab Grown Diamonds, headquartered in Mumbai, announced on 1 July 2026 that it has successfully completed a strategic funding round of INR 275 crore. The round was led by the company’s core promoters, the Bhathwari Group, and saw participation from key strategic partners in the jewellery industry as well as several franchise partners, reflecting broad confidence in the firm’s growth trajectory.
The capital was raised through a combination of equity and cash consideration. Management indicated that the proceeds will be deployed to strengthen vertical integration capabilities, expand manufacturing infrastructure, enhance design and innovation capacities, and accelerate retail expansion across India. The announcement aligns with the Indian government’s “Make in India” initiative, positioning lab‑grown diamonds as a technology‑led luxury manufacturing opportunity.
Founder and Managing Director Pooja Madhavan stated that the funding validates Limelight’s vision and the sector’s potential, adding that the investment will help fortify Indian manufacturing, speed up retail rollout, and build a world‑class brand from India for the global market.
Retail expansion plans remain on track, with the company targeting the addition of 100 new stores in 2026 and a total of 200 stores by 2027. Growth will be achieved through a mix of company‑owned and franchise‑operated outlets, expanding the current network of more than 75 exclusive brand outlets across over 45 cities.
BSC Advisors served as the financial advisor for this fundraising exercise.
About Limelight Lab Grown Diamonds
Limelight Diamonds is India’s largest and most trusted lab‑grown diamond jewellery brand, specializing in pure CVD lab‑grown diamonds. The company has pioneered the lab‑grown diamond category in India, offering collections that include solitaires, everyday fine jewellery, and statement pieces. With a focus on retail excellence, design innovation, and consumer education, Limelight operates the widest retail footprint for lab‑grown diamond jewellery in the country, currently boasting 75+ exclusive outlets in 45+ cities. For further information, visit www.limelightdiamonds.com.