National News
PNG Jewellers strengthens its presence in Nashik with second large-format store inaugurated by brand ambassador and Bollywood diva Madhuri Dixit
Spanning over 3,000 sq. ft., this new store on the bustling Sharanpur Road offers exquisite gold, diamond, and silver jewellery for every consumer preference, along with exclusive launch offers.
PNG Jewellers, a 193-year-old legacy brand and a trusted name in the Indian jewellery industry, has added another milestone to its journey with the grand opening of its second store in Nashik, Maharashtra. The store was inaugurated by brand ambassador and Bollywood diva Madhuri Dixit, in the presence of Dr. Saurabh Gadgil, Chairman and Managing Director of PNG Jewellers; Parag Gadgil, Executive Director; and members of the PNG Jewellers family. This expansion aligns with the brand’s vision of making its exquisite jewellery more accessible to customers across Maharashtra.
The spacious store showcases an exquisite collection of gold, natural diamond, silver, and platinum jewellery, catering to both traditional and contemporary tastes. Celebrating the launch, the brand has rolled out exclusive offers of up to 20% off on gold jewellery making charges and up to 50% off on natural diamond jewellery making charges, valid from August 12 to August 26, 2025.
Dr. Saurabh Gadgil, Chairman & Managing Director of PNG Jewellers, said, “The opening of our new store in Nashik is a proud moment for all of us. The immense love and trust from our customers here have encouraged us to strengthen our presence in this culturally rich and fast-developing city in Maharashtra. This expansion responds to the growing demand for our jewellery and our commitment to making PNG’s hallmark-certified designs and craftsmanship more accessible. We look forward to celebrating the traditions, artistry, and trust that define PNG Jewellers with the residents of Nashik.”


Bollywood icon Madhuri Dixit said, “It is always a joy to be here in Nashik, a city that beautifully blends its spiritual heritage with a modern outlook. I am honoured to inaugurate PNG Jewellers’ second store here, a symbol of the brand’s deep connection with its customers and its unwavering commitment to excellence. PNG Jewellers has earned the trust of generations through its timeless quality and designs, and I am certain this new store will continue to celebrate the craftsmanship and emotions that make jewellery truly special.”
Nashik, the holy city of Maharashtra and a revered centre of pilgrim heritage, has always been a place where culture, tradition, and artistry thrive. PNG Jewellers, with its deep-rooted legacy in crafting exquisite jewellery, will showcase the very best of its range in this new state-of-the-art showroom.
National News
Bengaluru-based lab-grown diamond jewellery startup ONYA raises ₹5.5 crore in pre-seed funding led by Zeropearl VC
The brand scales to four profitable high-street stores in Bengaluru, touching ₹2 crore MRR in 11 months
ONYA, one of India’s fastest-growing offline-first, premium lab-grown diamond jewellery brands, has raised Rs.5.5 crore in a pre-seed round led by Zeropearl VC. The round also saw participation from prominent angel investors including MyGate founders Vijay Arishetty, Abhishek Kumar, Shreyans Daga, and Rohit Jindal; UrbanVault founder Amal Mishra; and Alkendra Pratap Singh, Managing Director of Crescendo Industries Pvt. Ltd. and Director of KE Engineers Pvt. Ltd., among others. The fresh capital will be used to accelerate ONYA’s offline retail expansion across major Indian cities.
ONYA, short for “On You,” was founded on a simple idea: to create art that looks good On You. The inspiration came from a deeply personal moment when two people ready to begin their life together realized that the ring they loved was beyond reach. That experience sparked a mission to make beautifully designed and meaningful diamond jewellery accessible to everyone. Today, ONYA stands for crafting soulful lab-grown diamond pieces that mark life’s most cherished celebrations in every Indian home.
Within 11 months, ONYA has expanded to four profitable high-street stores in Bengaluru, achieving a monthly revenue run rate of ₹2 crore. The company has also strengthened its leadership team with the appointment of Gaurav Choudhary, former Director of Products at xto10x, who joins as Co-founder.

Himani Yadav, Founder of ONYA, said, “ONYA didn’t begin as a business idea — it began with a personal moment. My engagement ring was a lab-grown diamond long before the category became mainstream, and that experience made me realize how many people felt priced out of meaningful jewellery. ONYA was created to change that by bringing emotion, accessibility, and intention back into fine jewellery.
Being backed by Zeropearl VC at this stage — and by someone like Bipin, who brings a decade of deep consumer-brand investing experience, including in jewellery — adds immense value and clarity to our journey. The fact that ONYA fits naturally into Zeropearl VC’s Indiluxe thesis reinforces that we’re building in the right direction. This partnership gives us the confidence to take thoughtfully designed lab-grown diamonds to more homes across India.”
Bipin Shah, Founder and Managing Partner, Zeropearl VC, said At Zeropearl VC, we back founders who deeply understand the problem they’re solving — and Himani’s clarity stood out from day one. The ONYA team is already showing early signs of cracking an offline & Design first approach in premium lab-grown diamond space which strongly aligns with our Indiluxe thesis. Young India’s shift in how they view jewellery is undeniable, and ONYA is building right at that inflection point.

Their design focus and customer obsession give us strong confidence — and we see this as a gateway to expanding into more premium, next-gen consumer categories over time.” ONYA’s jewellery features IGI-certified lab-grown diamonds set in BIS Hallmarked gold, blending scientific precision with elegant design. With this investment, ONYA plans to expand its product lines, open more customer-first experience stores, and deepen its connection with India’s growing base of conscious luxury
-
BrandBuzz2 weeks agoIndriya unveils Rajashree, the Bridal Collection of Maharashtra
-
National News14 hours agoBengaluru-based lab-grown diamond jewellery startup ONYA raises ₹5.5 crore in pre-seed funding led by Zeropearl VC
-
International News11 hours agoDMCC Launches ‘DMCC FinX’ To bridge institutional capital, trade and technology
-
International News12 hours agoGJEPC organises 22nd consecutive ‘India Pavilion’ at Jewellery Arabia in Bahrain


