Limelight Diamonds raises Rs 275 Cr to fund vertical integration and retail push
Lab grown diamond jewellery brand Limelight Diamonds has raised Rs 275 crore led by promoters Bhathwari Group. The capital backs vertical integration, manufacturing, and an aggressive retail expansion across metro, Tier I and Tier II markets, scaling from 75 exclusive outlets to a targeted 200 stores by 2027.
Lab grown diamond jewellery brand Limelight Diamonds raised Rs 275 crore led by promoters Bhathwari Group to fund vertical integration, manufacturing, and retail expansion across metro, Tier I and Tier II markets, targeting 200 stores by 2027.
Why this matters
The raise follows Limelight Diamonds' recent Chennai debut, where it targeted 7 more outlets by year-end. The Rs 275 crore backs a larger 200-store goal by 2027, signalling a shift from opportunistic openings to funded national expansion.
Retail-brand activity steady at 2,238 signals over 90 days.
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