Limelight Lab Grown Diamonds has raised Rs 275 crore in a strategic funding round led by its core promoters, the Bhathwari Group, with participation from strategic partners in the jewellery industry and several of the company's franchise partners. According to the company, the capital has been raised through a combination of equity and cash consideration. The proceeds will be used to strengthen vertical integration, expand manufacturing infrastructure, enhance design and innovation capabilities, and accelerate retail expansion across India.

The company stated that the investment aligns with India's focus on strengthening domestic manufacturing under the government's "Make in India" initiative. It said the laboratory-grown diamond sector presents an opportunity to build domestic manufacturing capabilities while supporting India's ambition to become a global manufacturing and export hub.

Commenting on the development, Pooja Madhavan, Founder & MD, said, "This funding round is a strong validation of Limelight's vision and the growing potential of the lab grown diamond industry in India. At a time when Hon'ble Prime Minister's 'Make in India' vision is driving focus towards domestic manufacturing and global competitiveness, we believe lab grown diamonds present a significant opportunity for India to lead a new-age luxury category globally. This investment will help us strengthen Indian manufacturing, accelerate retail expansion, and build a world-class brand from India for the world."

Limelight also confirmed that its retail expansion plans remain on track. The company plans to add 100 stores during 2026 and expand its network to 200 stores by 2027 through a mix of company-owned and franchise-operated outlets across metro, Tier I and emerging Tier II markets. BSC Advisors acted as the financial advisor to Limelight Lab Grown Diamonds for the funding round.