When was Limelight Diamonds founded?

Limelight Diamonds was founded in 2019 and raised its 1st funding round 4 years after it was founded.

Where is Limelight Diamonds located?

Limelight Diamonds is headquartered in Mumbai, India. It is registered at 26 PRASANNA KUMAR TAGORE STREET, KOLKATA, Jorasanko, Kolkata, Kolkata, West Bengal, India, 700006.

Which legal entities is Limelight Diamonds associated with?

Limelight Diamonds is associated with LIMELIGHT LAB GROWN DIAMONDS LIMITED and 2 others.

How many employees does Limelight Diamonds have?

As of May 31, 2026, the latest employee count at Limelight Diamonds is 566.

Is Limelight Diamonds a funded company?

Limelight Diamonds is a funded company, having raised a total of $43.5M across 7 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 12, 2023.

How much is Limelight Diamonds worth?

The latest valuation of Limelight Diamonds is ₹***** as of May 22, 2026.

When was the latest funding round of Limelight Diamonds?

Limelight Diamonds' latest funding was a $***** Series B round on Dec 30, 2025, with participation from 12 investors.

What is the annual revenue of Limelight Diamonds?

Annual revenue of Limelight Diamonds is between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

Where does Limelight Diamonds rank among its competitors?

Limelight Diamonds ranks 1st amongst 133 active competitors, of which 19 are funded. It stands 1st 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 Limelight Diamonds?

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

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

Limelight Diamonds is a series B company based in Mumbai (India), founded in 2019 by Pooja Arjun Madhavan, Nirav Bhatt and Kalpan Dalal. It operates as a Retailer of lab grown diamond jewellery. Limelight Diamonds has raised $43.5M in funding from investors like Emerald Jewel Industry India, Hok Global and Compact Structure Fund, with a current valuation of ₹*****. The company has 133 active competitors, including 19 funded and 2 that have exited. Its top competitors include companies like Jewelbox, Aukera and True Diamond.

Company Details

Retailer of lab grown diamond jewellery. The brand offers a wide range of solitaire designs across rings, necklaces, pendants, bracelets and earrings. It follows a fully integrated model, managing the process from diamond growing to retail to ensure quality and transparency. Every piece is crafted with certified diamonds and hallmarked gold.

Website: limelightdiamonds.com
Social
Email ID: *****@limelightdiamonds.com
Phone Number: +91 **********
Registered Address: 26 PRASANNA KUMAR TAGORE STREET, KOLKATA, Jorasanko, Kolkata, Kolkata, West Bengal, India, 700006

Key Metrics

Founded Year

2019

Location

Mumbai, India

Stage

Series B

Total Funding

$43.5M in 7 rounds

Latest Funding Round

Series B, Dec 30, 2025, $*****

Post Money Valuation

₹***** as on May 22, 2026

Investors

Emerald Jewel Industry India & 98 more

Ranked

1^st among 133 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

566 as on May 31, 2026

Similar Companies

Jewelbox & 120 more

View Limelight Diamonds' full profile

Limelight Diamonds is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
RESPONSIBLE DIAMOND INDUSTRIES PRIVATE LIMITED CIN: U36999MH2020PTC347457 , India, Active	Oct 08, 2020	₹10 - ₹50 Cr (As on Mar 31, 2025)	13 (As on Mar 31, 2026)
LIMELIGHT DEALERS PVT LTD CIN: U51109WB2006PTC110109 , India, Active	Jun 27, 2006	₹10 - ₹50 Cr (As on Mar 31, 2023)	-
LIMELIGHT LAB GROWN DIAMONDS LIMITED CIN: U32119MH2017PLC298146 , India, Active	Aug 02, 2017	₹100 - ₹500 Cr (As on Mar 31, 2025)	456 (As on May 31, 2026)

Limelight Diamonds has raised a total funding of $43.5M over 7 rounds. Its first funding round was on May 12, 2023. Its latest funding round was a Series B round on Dec 30, 2025 for $*****. 12 investors participated in its latest round. Limelight Diamonds has 17 institutional investors and 82 angel investors.

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

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 30, 2025	3681329	Series B	9768415	8789404	4796631	7710918
Aug 11, 2025	6830318	Angel	5035772	1595181	3292166	7838569
Feb 03, 2025	5728850	Series A	4885631	2074455	Compact Structure Fund & 1 more	Capri Loans & 28 more

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View details of Limelight Diamonds's funding rounds and investors

The founders of Limelight Diamonds are Pooja Arjun Madhavan, Nirav Bhatt and Kalpan Dalal.

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

Pooja Arjun Madhavan: Co-Founder & Managing Director of Limelight Diamonds. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Nirav Bhatt: Co-Founder & Director of Limelight Diamonds. They serve on the board of 1 company.
Contact Info: 1 email address
Kalpan Dalal: Co-Founder & Director of Limelight Diamonds. They serve on the board of 1 company.
Contact Info: 1 email address

Limelight Diamonds' Board of Directors

Limelight Diamonds's board has 13 active members. Pooja Arjun Madhavan, Nirav Bhatt, Kalpan Dalal, Nirav Jayesh Bhatt, Kalpan Bhushan Dalal, Rupali Shrivastava and Rupali Anjanikumar Shrivastava are part of team and Narayan Keerthi, Arjun Madhavan, Karamjyot Singh Chawla, Rajeshbhai Chaturbhai Limbasiya, Shripad Sudam Sail and Ashita Kaul are independent board members.

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

Name	Type	Representing	Status	Duration
Pooja Arjun Madhavan	Team	-	Current	8y 7m
Nirav Bhatt	Team	-	Current	8y 1m
Kalpan Dalal	Team	-	Current	8y 1m
reqsxyv	Team	-	Current	6y 6m
Narayan Keerthi	Independent board member	-	Current	0y 7m
nilnqkl	Independent board member	-	Current	2y 3m
oxdbxzu	Independent board member	-	Current	2y 2m
xqqvsdr	Independent board member	-	Current	2y 3m
gxugais	Independent board member	-	Current	6y 3m
uuxkejw	Independent board member	-	Current	5y 2m

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

Limelight Diamonds' employee count trend

Limelight Diamonds has 566 employees as of May 26. The total employee count is 192.0% more than what it was in May 25. Here is Limelight Diamonds's employee count trend over the years:

Employee count trend for Limelight Diamonds

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

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Limelight Diamonds 2019, Mumbai (India), Series B	Retailer of lab grown diamond jewellery	$43.5M	Compact Structure Fund, Finavenue & 97 others	67/100
2nd	Jewelbox 2022, Kolkata (India), Seed	Retailer of lab-grown diamond jewellery	$4.22M	V3 Ventures, JITO Incubation & Innovation Foundation ... & 32 others	66/100
3rd	Aukera 2023, Bengaluru (India), Series B	Lab-grown diamond jewellery brand offering rings, earrings, and fine jewellery	$19.5M	Alteria Capital, Fireside Ventures & 10 others	66/100
4th	True Diamond 2024, Mumbai (India), Seed	Jewellery retailer specializing in natural and lab-grown diamond jewellery	$4M	India Quotient, Titan Capital & 16 others	64/100
5th	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
6th	Ivana Jewels 2023, Surat (India), Seed	Lab-grown diamond jewellery brand offering certified diamond pieces in hallmarked gold	$292K	Avinya Ventures, We Founder Circle & 3 others	57/100
7th	Fiona Diamonds 2003, Mumbai (India), Seed	Jewellery brand specializing in lab-grown diamond jewellery and customized designs	$3.52M	Enpargroup, Venture Catalysts & 21 others	56/100
8th	Lucira Jewelry 2025, Mumbai (India), Seed	Retailer of lab grown diamond jewelry including rings and necklaces	$5.5M	Blume Venture, Spring & 3 others	52/100
9th	Onya 2024, Bengaluru (India), Seed	Retailer of lab-grown diamond jewellery featuring contemporary designs and certified gemstones	$2.23M	Zeropearl, Stride Ventures & 50 others	51/100
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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Founders own 7.51%, Funds own 4.51%, Enterprises (largest shareholder) own 37.20% and Angels own 19.55%. The net worth of Limelight Diamonds's founders is INR 60.3Cr as of May 22, 2026. The cap table displayed below is for LIMELIGHT LAB GROWN DIAMONDS LIMITED which is the legal entity associated with Limelight Diamonds.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	7.51%	60.3Cr	3932133	6143710	6111983	2198354
Nirav Bhatt	0	0	0	0	0	0
Kalpan Dalal	0	0	0	0	0	0
Fund	4.51%	36.2Cr	7408	7249	6317	3679
Compact Structure Fund	5	1	7	4	8	1
Enterprise	37.20%	299Cr	3968523	4300852	1988485	3924194
Angel	19.55%	157Cr	1245479	4945915	3398709	7544967
Deepa Mehta	0	0	0	0	0	0
Ravi Narain	0	0	0	0	0	0
Subraya Pai	0	0	0	0	0	0
Rajesh K Sheth	0	0	0	0	0	0
Shilpa Shetty Kundra	0	0	0	0	0	0
Other People	28.24%	227Cr	8540634	6877180	3312309	5680528
ESOP Pool	2.99%	24Cr	92	88	76	52
Total	100.00%	803Cr	3336907	3185505	5019102	1907473