Dholakia LGD raises ₹800+ crore led by Abakkus, ICICI Venture for pan-India retail rollout
Vertically integrated lab-grown diamond arm of Hari Krishna Group secures ₹800+ crore from Abakkus PE and ICICI Venture, with UBS as advisor. Capital fuels production scale-up, working capital, and a physical retail expansion across India, building on a footprint spanning 100+ retailers in 25+ countries.
Dholakia Lab Grown Diamond raised ₹800+ crore led by Abakkus PE with ICICI Venture participation, funding production scale-up, working capital and a pan-India physical retail rollout for its vertically integrated LGD jewellery business.
Why this matters
First major institutional raise for Dholakia LGD signals investor conviction in vertically integrated lab-grown diamond plays, shifting the brand from B2B wholesale into branded India retail.
Retail-company activity steady at 1,968 signals over 90 days, indicating consistent capital and expansion flow.