Aukera adds ₹90 crore in debt, months after a $15M equity round

What's the deal? Aukera, an Indian lab-grown diamond jewellery brand, has raised Rs 90 crore ($10 million) in debt financing. The round was led by existing investor Alteria CapitalDealroom has a profile for this one. Try Dealroom →, with participation from InnoVen CapitalDealroom has a profile for this one. Try Dealroom →, Lighthouse CantonDealroom has a profile for this one. Try Dealroom →, and a leading bank.

Why now? The raise comes shortly after Aukera closed a $15 million equity round in mid-2025, led by Peak XV Partners. That earlier round drew Fireside VenturesDealroom has a profile for this one. Try Dealroom →, Sparrow CapitalDealroom has a profile for this one. Try Dealroom →, Prath VenturesDealroom has a profile for this one. Try Dealroom →, and Alteria Capital.

What's the endgame? Aukera plans to use the money to expand into more cities. "This capital lets us take that promise to many more cities, faster," said founder and chief executive officer Lisa Mukhedkar.

The signal: A quick return to market — this time for debt rather than equity — suggests Aukera is funding physical growth without further diluting ownership.

Read more: Press Trust of India