India, June 30 -- Lab grown diamond jewellery startup Aukera has raised $15 Mn (around 128 Cr) in a Series B funding round led by Peak XV.

While Peak XV infused nearly $10 Mn, the round also saw follow-on participation from existing investors, including Fireside Ventures, Sparrow Capital, Prath Ventures and Alteria Capital.

The latest round catapulted the startup's valuation to INR 600 Cr

Aukera plans to deploy the fresh capital for retail expansion and venturing into new markets. It also seeks to boost its product offerings to establish its market in the jewellery space.

"It's an omnichannel play, so we need to build both the ecommerce side as well as the offline retail play," cofounder Lisa Mukhedkar said.

Aukera currently has 13 s...