Reia Diamonds, an emerging lab-grown diamond jewellery brand, has raised ₹2 crore in a pre-seed funding round led by Dinesh Talera and family, with additional participation from Venture Catalysts.
The fresh capital will support Reia’s next phase of growth, focusing on retail expansion, strengthening its omnichannel presence, and advancing product innovation across engagement rings and everyday wear collections.
Founded in 2023 by Prapanjj S. K. Kota, Reia Diamonds was built on the vision of making ethical, sustainable, and high-quality diamond jewellery accessible to modern consumers. The brand stands out for its original designs, customization options, and a transparent pricing model that appeals to the conscious luxury buyer.
Operating within India’s fast-growing lab-grown diamond market, valued at $300–350 million in 2024 and projected to grow at a 15% CAGR over the next decade, Reia Diamonds is well-positioned to capture the country’s rising demand for sustainable luxury.
The company uses certified lab-grown diamonds that match the brilliance and quality of mined diamonds, combining craftsmanship with technology to create jewellery tailored for the modern Indian woman.
Since its inception, Reia has established three profitable stores in Bengaluru, Guwahati, and Coimbatore, leveraging a franchise-based model that enables scalable and profitable expansion.
