Silver jewellery brand Giva is in the final stages of closing a fresh funding round of ₹150 to ₹200 crore, a deal that is set to value the company between ₹4,200 crore and ₹4,400 crore, according to people familiar with the matter. The round is being led by existing backers Premji Invest and Creaegis, with participation from Titan Capital and Kenro Capital.
The transaction includes both primary capital infusion and a secondary share sale. While the primary portion will provide growth capital to the company, the secondary component will see partial exits by early investors. Growth equity firm A91 Partners, which backed Giva in 2021, is understood to be trimming its stake as part of the transaction. The secondary sale is being anchored by Kenro Capital, a secondaries-focused fund launched in 2024 by former Peak XV Partners executive Piyush Gupta and ex-TR Capital director Norbert Fernandes. This portion values the business at an estimated ₹3,800 to ₹3,900 crore, reflecting the customary discount seen in secondary transactions.
Giva last raised capital in June 2025, securing ₹530 crore in a round led by Creaegis that valued the company at ₹4,000 crore. Sources indicate the company is already preparing for a larger fundraise of ₹550 to ₹600 crore, which could be concluded over the next few months.
Founded in 2019 by Ishendra Agarwal and Nikita Prasad, Giva began as a direct-to-consumer silver jewellery brand and has since expanded into 14-carat and 18-carat gold jewellery, along with lab-grown diamond offerings. The brand operates at the intersection of fashion and fine jewellery, a segment that continues to see growing consumer interest.
Giva is expected to post revenue of ₹800 to ₹850 crore in FY26, marking a growth of over 50 percent from FY25, when it reported ₹518 crore in revenue. While losses widened to ₹72 crore last year, the company remains one of the fastest-growing players in India’s increasingly competitive D2C jewellery market.
