Funding · Commerce & Consumer Brands

Onya raises ₹12.5 crore in pre-Series A funding

By Startup Enthusiast · 24 September 2026

What they do

Onya builds a contemporary lab-grown diamond jewellery brand offering IGI-certified stones set in BIS-hallmarked gold

The company raised ₹12.5 crore in a pre-Series A funding round led by Divisa Family Office

The fresh capital will fund retail expansion into new markets, online personalisation, and research and development

The enterprise known as Onya, which originates in Bengaluru and crafts lab-grown diamonds, secured ₹12.5 crore through a pre-Series A financing event.
Divisa Family Office headed up the investment syndicate, with previous backer Zeropearl VC chipping in further capital.
Management intends to channel these fresh monetary resources into growing its physical shop network and rolling out franchise locations.
Additional funds are earmarked for boosting digital user acquisition, enhancing virtual customisation tools, and studying product styling.
The business presently manages a total of eight prominent retail outlets situated across Bengaluru, Pune, and Hyderabad.
Within 20 months of starting operations, the firm achieved an approximate monthly recurring income milestone of ₹3.5 crore.

This capital injection follows a prior ₹5.5 crore seed infusion backed by angel contributors including heads from MyGate and UrbanVault.
India's market for synthetic gems is expanding swiftly, illustrated by nine dedicated startups pulling in $26.4 million during 2025.

Onya provides synthetic diamond ornaments created to serve as an economical substitute for extracted gems.
Its merchandise incorporates IGI-certified synthetic stones mounted on BIS-hallmarked precious gold.
The merchant maintains a lifetime exchange policy alongside an 80% buyback commitment to foster consumer confidence.
Commercial goods encompass the ONYA Setting, a proprietary ring configuration, alongside the ONYA Signature Collection drawing cues from neoclassical building styles.
The organisation distributes merchandise via physical experience locations and web portals using a multi-channel framework.

Expand retail presence into Pune and Hyderabad using company-owned stores and franchise outlets
Strengthen online personalisation and digital customer acquisition strategies
Intensify investigation and engineering efforts concerning item blueprints and fabrication techniques

Divisa Family Office (lead) — Family office leading the pre-Series A round.
Zeropearl VC (participating) — Existing investor that also participated in the seed round.

Product: Lab-grown diamond jewelry featuring contemporary designs, bespoke customization, and fine jewelry collections.
Customers: Modern retail consumers seeking affordable, ethical, and sustainable fine diamond jewelry.
How it makes money: Generates revenue through direct-to-consumer and offline retail sales of lab-grown diamond jewelry.
What sets it apart: Delivers fine jewelry with high brilliance at approximately 20% of the cost of mined natural diamonds.