Pre-Series A
ONYA (Mahiva Technologies Private Limited)
Retail • Lab-Grown Diamond Jewellery
Amount Raised
$1.7M
~ ₹12.5 Cr
Round & Type
Pre-Series A
Equity
Funding Date
Sep 24, 2026
Q3 2026
Lead Investor
Divisa Family Office
info
Company Overview & Solution
ONYA is a design-first Indian fine jewellery brand that specializes in accessible, sustainably crafted lab-grown diamond jewellery. It blends proprietary designs with direct retail to make modern luxury fine jewellery accessible for everyday wear rather than safe-keeping.
inventory_2
Product & Solution
The brand offers IGI-certified VVS-EF lab-grown diamond rings, earrings, pendants, necklaces, and bracelets set in BIS-hallmarked gold, featuring their patented light-optimizing "ONYA Setting" and signature collections.
target
Target Market & ICP
Modern, design-conscious Indian consumers, particularly millennials and Gen Z looking for certified, ethical, and accessible fine jewellery for everyday wear, engagements, and gifting.
paid
Deal Terms & Syndicate Intelligence
Funding Round
Pre-Series A
Funding Type
Equity
Amount Raised (USD)
$1.7M
Amount (INR / Original)
₹12.5 Cr
Date of Funding
Sep 24, 2026
Lead Investor
Divisa Family Office
Syndicate / All Backers
Divisa Family Office, Zeropearl VC (along with angel follow-ons including the founders of MyGate and UrbanVault)
Investor Structure
2 Investor(s) • Family Office, Venture Capital, Angel Investors
Use of Funds
The funds will be deployed to expand physical retail stores in Pune and Hyderabad, accelerate digital customer acquisition/online personalization, and invest heavily in product design and manufacturing R&D.
business
Company Profile & Footprint
Vertical
Retail
Sub-Vertical
Lab-Grown Diamond Jewellery
Segment
Luxury Goods
Sub-Segment
Lab-Grown Diamond Jewellery
Business Model
D2C (Direct-to-Consumer) / Omnichannel B2C (operating both online and through company-owned and franchise flagship retail stores)
Year Founded
2024
Team Size at Funding
11–50
Headquarters
Bengaluru, Karnataka, India
Offices across India
Pune, Maharashtra and Hyderabad, Telangana (with operations and stores centered across Bengaluru, Pune, and Hyderabad
International Footprint
None
groups
Leadership & Executive Intelligence
verified
Verified Primary Sources & Coverage