When was Firefly Diamonds founded?

Firefly Diamonds was founded in 2023 and raised its 1st funding round 2 years after it was founded.

Where is Firefly Diamonds located?

Firefly Diamonds is headquartered in Mumbai, India. It is registered at GW 3020 G BLOCK BHARAT, DIAMOND BOURSE BKC, Bandra(East), Mumbai, Bandra, Maharashtra, India, 400051.

Which legal entities is Firefly Diamonds associated with?

Firefly Diamonds is associated with FIRELAB DIAMONDS PRIVATE LIMITED.

How many employees does Firefly Diamonds have?

As of May 01, 2026, the latest employee count at Firefly Diamonds is 77.

Is Firefly Diamonds a funded company?

Firefly Diamonds is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Mar 19, 2025.

How much is Firefly Diamonds worth?

The latest valuation of Firefly Diamonds is ₹***** as of Mar 19, 2025.

When was the latest funding round of Firefly Diamonds?

Firefly Diamonds' latest funding was a $***** Seed round on Mar 19, 2025, with participation from 2 investors.

What is the annual revenue of Firefly Diamonds?

Annual revenue of Firefly Diamonds is less than ₹10 Cr as on Mar 31, 2026

Where does Firefly Diamonds rank among its competitors?

Firefly Diamonds ranks 7th amongst 130 active competitors, of which 16 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Zinara, which secured $373K in Oct, 2026.

Who are the top competitors of Firefly Diamonds?

Firefly Diamonds' top competitors include Limelight, Aukera and Jewelbox. Among them, Zinara secured the most recent funding round in October, 2026.

Firefly Diamonds - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Lab-grown diamond jewellery brand offering personalized designs and certified diamond pieces. It rings, earrings, necklaces, bracelets, pendants, nose pins, mangalsutras, and men's jewellery. It offers personalized jewellery design, custom engagement rings, bridal collections, at-home trials, old-gold exchange, and a jewellery savings plan. The brand combines three generations of jewellery craftsmanship with online shopping and boutique experiences, emphasizing IGI-certified diamonds, BIS-hallmarked gold, secure payments, doorstep delivery, and lifetime return and exchange options.

Website: fireflydiamonds.com
Social
Email ID: *****@fireflydiamonds.com
Phone Number: +91 **********
Registered Address: GW 3020 G BLOCK BHARAT, DIAMOND BOURSE BKC, Bandra(East), Mumbai, Bandra, Maharashtra, India, 400051

Key Metrics

Founded Year

2023

Location

Mumbai, India

Stage

Seed

Total Funding

$3M in 1 round

Latest Funding Round

Seed, Mar 19, 2025, $*****

Post Money Valuation

₹***** as on Mar 19, 2025

Investors

WestBridge Capital & 3 more

Ranked

7^th among 130 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2026

Employee Count

77 as on May 01, 2026

Similar Companies

Limelight & 119 more

View Firefly Diamonds' full profile

Firefly Diamonds is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
FIRELAB DIAMONDS PRIVATE LIMITED CIN: U32111MH2023PTC416448 , India, Active	Dec 30, 2023	0 - ₹10 Cr (As on Mar 31, 2026)	77 (As on May 01, 2026)

Firefly Diamonds has raised a total funding of $3M over 1 round. Its latest funding round was a Seed round on Mar 19, 2025 for $*****. 2 investors participated in its latest round. Firefly Diamonds has 1 institutional investor and 3 angel investors.

Here is the list of recent funding rounds of Firefly Diamonds:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 19, 2025	1937092	Seed	4307745	9233543	4313425	7127428

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View details of Firefly Diamonds's funding rounds and investors

The founders of Firefly Diamonds are Adit Bhansali and Aayush Bhansali.

Here are the details of Firefly Diamonds' key team members:

Adit Bhansali: Co-Founder of Firefly Diamonds. They serve on the board of 1 company.
Contact Info: 1 email address
Aayush Bhansali: Co-Founder of Firefly Diamonds. They serve on the board of 1 company.
Contact Info: 1 phone number

Firefly Diamonds' Board of Directors

Firefly Diamonds's board has 3 active members. Adit Bhansali, Aayush Bhansali and Nirav Jitendra Bhansali are part of team.

Here is the list of Firefly Diamonds' board of directors:

Name	Type	Representing	Status	Duration
Adit Bhansali	Team	-	Current	2y 9m
Aayush Bhansali	Team	-	Current	2y 9m
je{f{er	Team	-	Current	9y 2m

View details of Firefly Diamonds's Founder profiles and Board Members

Firefly Diamonds' employee count trend

Firefly Diamonds has 77 employees as of May 26. The total employee count is 120.0% more than what it was in May 25. Here is Firefly Diamonds's employee count trend over the years:

Employee count trend for Firefly Diamonds

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Top competitors of Firefly Diamonds include Limelight, Aukera and Jewelbox. Here is the list of Top 10 competitors of Firefly Diamonds, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Limelight 2019, Mumbai (India), Series B	Retailer of lab grown diamond jewellery	$77.9M	Bhathwari Group, Hok Global & 98 others	67/100
2nd	Aukera 2023, Bengaluru (India), Series B	Retailer of lab grown diamond jewellery featuring signature solitaire collections and custom designs	$22.3M	Alteria Capital, Fireside Ventures & 10 others	66/100
3rd	Jewelbox 2022, Kolkata (India), Seed	Retailer of lab-grown diamond jewellery	$3.62M	V3 Ventures, JITO Incubation & Innovation Foundation ... & 30 others	65/100
4th	True Diamond 2024, Mumbai (India), Seed	Retailer of designer diamond jewellery featuring lab-grown and natural stones	$4M	India Quotient, Titan Capital & 16 others	62/100
5th	Ivana Jewels 2023, Surat (India), Seed	Retailer of lab-grown diamond and polki jewellery	$292K	Avinya Ventures, We Founder Circle & 3 others	58/100
6th	Fiona Diamond 2004, Mumbai (India), Seed	Retailer of lab-grown diamonds, natural diamonds, and moissanite jewelry	$3.68M	Enpargroup, Venture Catalysts & 19 others	56/100
7th	Firefly Diamonds 2023, Mumbai (India), Seed	Lab-grown diamond jewellery brand offering personalized designs and certified diamond pieces	$3M	WestBridge Capital & 3 others	59/100
8th	Onya 2024, Bengaluru (India), Series A	Retailer of lab-grown diamond jewellery featuring contemporary designs and certified craftsmanship	$16.4M	Stride Ventures, Zeropearl & 7 others	54/100
9th	Lucira Jewelry 2025, Mumbai (India), Seed	Retailer of lab grown diamond jewelry including rings and necklaces	$5.98M	Blume Venture, Spring & 3 others	52/100
10th	Zinara 2023, Delhi (India), Seed	Retailer of lab-grown diamond jewellery designed for everyday wear	$753K	FirstPort Ventures, Nine Jewellery & 8 others	49/100

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FIRELAB DIAMONDS PRIVATE LIMITED, the legal entity associated with Firefly Diamonds, generated less than ₹10 Cr in revenue for the financial year ending on Mar 31, 2026. The revenue of FIRELAB DIAMONDS PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 338% in the last 1 year.

Financial Statement Summary

Metrics	FY 2025-26	FY 2024-25	FY 2023-24
Income Statement
Revenue	5148	4535	9977
Total Sales	3539	4280	2327
Total Expenses	4090	3944	2906
Operating Expenses	9103	1441	1316
Employee Expenses	5663	4692	3356
Marketing Expenses	3562	3396	8502
Operating Income (EBIT)	8372	2075	6522
Interest Expenses	4940	4229	2471
Expenses from other activities	5952	2776	2737
Information Technology Expenses	5797	9819	8897
EBITDA	6964	9811	6071
Taxes	9481	6977	4735
Net Profit	5349	2998	1650
Balance Sheet
Assets	3660	5128	4811
Cash Equivalent	2706	8299	1736
Accounts Receivables	5102	8493	3820
Inventory	1348	4737	3893
Liabilities	1701	4213	8287
Total Debt	1582	5165	1723
Accounts Payable	1554	6276	8231
Equities	6877	7755	8967
Cashflow Statement
Cash from Operating activities	2973	5611	8667
Cash from Investing activities	5264	5326	6278
Net cash from Financing activities	7027	9259	3543

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Founders (largest shareholder) own 43.23%, Funds own 12.97%, Angels own 0.58% and Other People own 43.23%. The net worth of Firefly Diamonds's founders is INR 60Cr as of Mar 19, 2025. The cap table displayed below is for FIRELAB DIAMONDS PRIVATE LIMITED which is the legal entity associated with Firefly Diamonds.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	43.23%	60Cr	4360717	6159826	2233258	8303272
Aayush Bhansali	1448098	4151407	7973966	6577984	8042673	2278024
Adit Bhansali	9929391	6427887	4434945	5583364	9758888	6618141
Fund	12.97%	18Cr	7859636	5455861	5452269	6537090
WestBridge Capital	1672210	6557238	8220064	9506293	6762199	2217154
Angel	0.58%	80L	0	0	0	0
Indu Agarwal	0	0	0	0	0	0
Other People	43.23%	60Cr	5170339	9209606	6094738	2900388
Total	100.00%	139Cr	7918969	3732868	9196972	9508444