Bengaluru, India – June 12, 2025 — In a significant move that underscores its rapid growth trajectory, omnichannel jewelry brand GIVA has raised $53 million (Rs 450 crore) in its Series C funding round, led by growth-stage investment firm Creaegis. This round, which also saw participation from Premji Invest, Epiq Capital, Edelweiss Discovery Fund, and Usha Dalmia Trust, values the company at an impressive $465 million (Rs 3,950 crore)—a nearly 2X increase from its previous valuation.
According to regulatory filings sourced from the Registrar of Companies (RoC), GIVA’s board approved the issuance of 1,73,430 Series C CCPS (Compulsorily Convertible Preference Shares) for Rs 25,947 per share to raise the capital. Creaegis, via its CIF II Scheme, will anchor the round with an investment of Rs 235 crore ($27.6 million). Premji Invest follows with Rs 125 crore ($14.7 million), while Epiq Capital and Edelweiss Discovery Fund contribute Rs 45 crore and Rs 35 crore, respectively. The remaining Rs 10 crore will be infused by the Usha Dalmia Trust.
In addition to equity funding, GIVA has secured Rs 30 crore in venture debt from Alteria Capital, as per a separate disclosure. The company has also expanded its ESOP pool by 15,853 shares—valued at Rs 41 crore ($4.9 million)—bringing the total value of its employee stock ownership pool to Rs 203 crore ($24 million).
Strategic Deployment of Funds
The fresh infusion of capital will be utilized to strengthen GIVA’s operational infrastructure, with a focus on talent acquisition, marketing efforts, general corporate purposes, and other business expansion initiatives outlined in its strategic plan.
“This funding milestone will significantly bolster our omnichannel growth and reinforce our mission to make fine jewelry accessible and contemporary for modern Indian consumers,” said Ishendra Agarwal, Founder & CEO of GIVA.
A Meteoric Rise in a Competitive Market
ounded in 2019, GIVA began as a silver jewelry brand targeting affordability and modern design. The company has since expanded into gold jewelry and the emerging category of lab-grown diamonds, positioning itself as a tech-driven, full-stack jewelry platform.
Operating through an omnichannel model, GIVA now boasts over 150 physical stores across India. It also maintains a strong digital footprint through its e-commerce website and mobile app and has adopted a franchise-led expansion model to deepen its offline reach.
According to startup intelligence platform TheKredible, GIVA has now raised more than $85 million in total funding. Before this round, founder Ishendra Agarwal held a 25.10% stake, with major backers including Premji Invest (17.13%), India Quotient (13.38%), and A91 Partners (9.58%).
Financial Performance & Market Landscape
For the financial year ending March 2024 (FY24), GIVA reported a 66% increase in operating revenue, rising to Rs 274 crore from Rs 165 crore in FY23. While revenue growth has been robust, the company also reported an increase in losses—from Rs 45 crore in FY23 to Rs 59 crore in FY24—attributed to scaling operations and marketing investments.
GIVA competes in a dynamic jewelry retail landscape, facing off against heavyweights like Bluestone (which recently filed for a Rs 1,000 crore IPO), CaratLane (majority-owned by Tata), Melorra, and several other VC-backed and family-run brands in both online and offline segments.
Outlook
The successful Series C funding round marks a pivotal chapter for GIVA as it cements its position among India’s most promising jewelry startups. With a sharp focus on digital-first retailing, product diversification, and brand storytelling, the company aims to tap into the $90 billion Indian jewelry market, which continues to see increased traction among millennial and Gen Z consumers.
As GIVA continues its ascent, its latest valuation of $465 million highlights growing investor confidence in the brand’s business fundamentals and market potential.
About GIVA
GIVA is a Bengaluru-based omnichannel jewelry brand founded in 2019 by Ishendra Agarwal. The company offers a curated collection of silver, gold, and lab-grown diamond jewelry through its website, app, and over 150 retail stores across India. Backed by marquee investors, GIVA aims to redefine fine jewelry for modern India through high-quality craftsmanship, affordable pricing, and omnipresent accessibility.
Media Contact:
GIVA PR Team
Email: press@giva.co
Website: www.giva.co
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