Jewelbox plans to open 25 stores, targets Rs 150 crore revenue by FY 2025-26 (#1684816)

Jewelbox, a lab-grown diamond jewellery brand has strengthened its retail presence with the opening of its retail store in the city of Gurugram.

Jewelbox has been on an expansion spree over the past few months with store launches in Delhi, Chennai, Kolkata and Guwahati.

The company plans to open 25 stores across tier 1 cities by the end of financial year 2025-26 and targeting revenue of Rs150 crore ($17.7 million) in revenue for the same period.

Additionally, Jewelbox plans to expand its online presence and looking to generate 30 percent of its overall revenue through digital channels.

Commenting on the expansion, Vidita Kochar Jain, co-founder of Jewelbox in a statement said, “Our expansion into Gurugram is about establishing Jewelbox as a destination for customers who value sustainability and innovation in luxury. Lab-grown diamonds are the future, and we are at the forefront of this transformation.”

“Our aim is to meet customers wherever they are, be it in our stores or online. By creating an omnichannel experience, we’re ensuring that every interaction with Jewelbox reflects the same level of sophistication and quality that our brand stands for,” added Vidita.

Founded in 2022 by Nipun Kochar and Vidita Kochar, Jewelbox offers sustainable luxury jewellery made using lab-grown diamonds. Earlier this year, the brand had raised Rs 3.5 crore ($4,21,488) in a funding round led by Jito Incubation.