Jewellery startup GIVA has locked in a fresh ₹450 crore in funding, with new and existing backers joining the round. Leading the pack this time is Creaegis Investment, contributing ₹235 crore, followed by Premji Invest with ₹124 crore and Epiq Capital with ₹44 crore. Edelweiss Discovery Fund and Usha Dalmia Trust also participated, investing ₹34 crore and ₹10 crore respectively.
This marks another major capital boost for the Bengaluru-based brand led by Ishendra Agarwal, which had just wrapped up an extended Series B round worth ₹255 crore last year. Regulatory documents show that the company passed a resolution on May 26 to issue 1.73 lakh Series C CCPS (compulsorily convertible preference shares) at ₹25,947 per share—putting its valuation at around ₹3,950 crore, according to YourStory estimates.
Continue Exploring: “Kuch Nahi Hoga”—Anupam Mittal Challenges This Dangerous Mindset in Policy Bazaar’s New Ad
GIVA is betting big on the lab-grown diamond trend and positioning itself aggressively against competitors like CaratLane (backed by Tata), Palmonas, and a slew of new-age jewellery startups. In FY24, the brand saw a 66% jump in operating revenue, touching ₹274 crore. However, rising input costs—particularly metals—ate into profits, pushing net losses up 30% to ₹59 crore.
Looking ahead, the brand expects to clock ₹809 crore in operating revenue with a modest ₹10 crore profit before tax (PBT) by FY26. The last funding round in October 2024 brought in ₹525 crore and allowed some early-stage investors, such as A91 Partners and India Quotient, to partially exit.
Continue Exploring: Lahori Beverages Nears ₹450 Crore Fundraise as Valuation Soars to ₹2,500 Crore – A New Challenger in India’s Booming Drinks Market
GIVA’s omnichannel strategy—combining online growth with offline presence—continues to be central to its expansion playbook in the fiercely competitive jewellery landscape.
