ONYA Raises Rs 12.5 Crore in Pre-Series A Funding Led by Divisa Family Office
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Khushi Jain
- September 24, 2026
Lab-grown diamond jewellery startup ONYA has raised Rs 12.5 crore in a pre-Series A funding round led by Divisa Family Office. Existing investor Zeropearl VC also doubled down on its initial investment following the startup’s Rs 5.5 crore seed round.
The startup’s previous seed round also saw participation from angel investors, including the founders of MyGate, UrbanVault founder and others.
ONYA said in a press release that it will use the fresh funds to accelerate its retail footprint, support digital customer acquisition, improve online personalisation and strengthen research and development focused on product design and manufacturing.
ONYA’s Business and Product Portfolio
Co-founded in 2024 by Gaurav Choudhary and Himani Yadav, ONYA is a contemporary lab-grown diamond jewellery brand that combines art and science to create practical and elegant jewellery pieces.
The Bengaluru-based brand offers IGI-certified lab-grown diamonds set in BIS Hallmarked gold. Its product offering focuses on craftsmanship and personalised designs.
ONYA aims to provide higher brilliance at approximately 20% of the cost of natural diamonds. Its offering is supported by a Lifetime Exchange and Buyback promise.
The brand also has its own patented ring setting, called the ONYA Setting, and a flagship product line, the ONYA Signature Collection, which is inspired by Neoclassical architecture.
Retail Presence and Expansion Plans
Since its inception, ONYA said it has established a retail presence through eight flagship stores across major high streets of Bangalore, Amanora Gold Souk Mall in Pune and Road No. 36 in Jubilee Hills, Hyderabad.
The startup has scaled to Rs 3.5 crore in Monthly Recurring Revenue.
ONYA plans to expand into additional markets through both company-owned stores and franchises.
The startup competes with brands such as Aukera, Limelight, Jewel Box and Fiona, among others.
Growing Investor Interest in Lab-Grown Diamonds
Investor interest in the lab-grown diamond segment has also increased. Nine pure-play lab-grown diamond startups collectively raised $26.4 million in 2025, compared with $4.7 million in 2024.
Recent funding activity in the segment includes Aukera, which raised Rs 90 crore in debt funding in July this year after securing a $15 million equity round led by Peak XV Partners.
Limelight Lab Grown Diamonds raised Rs 275 crore in a strategic round to expand its manufacturing and retail operations. GIVA, which operates the lab-grown diamond brand Heer, raised Rs 530 crore in a Series C round.
Other funded players in the segment include Jewelbox, Lucira Jewellery, True Diamond and Fiona Diamonds.
FAQs
1. How much funding has ONYA raised?
ONYA has raised Rs 12.5 crore in a pre-Series A funding round led by Divisa Family Office.
2. Who is ONYA’s existing investor?
Zeropearl VC is an existing investor in ONYA and doubled down on its initial investment following the startup’s Rs 5.5 crore seed round.
3. How will ONYA use the fresh funding?
The funds will be used to expand its retail footprint, support digital customer acquisition, improve online personalisation and strengthen R&D in product design and manufacturing.
4. Who founded ONYA?
ONYA was co-founded in 2024 by Gaurav Choudhary and Himani Yadav.
5. What is ONYA’s current Monthly Recurring Revenue?
ONYA has scaled to Rs 3.5 crore in Monthly Recurring Revenue.
