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.
What happened
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
Key facts
- ₹800 crore
- 100+ retailers
- 25+ countries
- 33-year-old group
- $4 billion AUM
Why this matters
A well-funded Dholakia rolling out branded LGD stores pan-India narrows the window for partnerships, white-label supply deals, or pre-emptive stake acquisitions in competing LGD manufacturers.