GIVA, a prominent player in the fine jewellery market, has successfully secured Rs 255 crore in its extended Series B funding round. This round was led by major investors including Premji Invest, Epiq Capital, and Edelweiss Discover Fund, alongside the company’s top management.
The funding structure consisted of 35% primary and 65% secondary investments, enabling partial exits for early investors A91 Partners and India Quotient. With this, GIVA aims to accelerate its offline expansion and enhance its offerings, particularly in the lab-grown diamond and gold segment.
Ishendra Agarwal, GIVA’s founder and CEO, expressed the company’s focus on maintaining its position as the leading silver jewellery retailer while expanding its lab-grown diamond range. He emphasized plans to broaden their gold collections and strengthen market presence, leveraging the fresh capital for these initiatives.
The recent funding round follows an earlier Series B investment in July 2023, which valued the company at approximately $250 million. Although GIVA has not disclosed its current valuation, the latest round suggests a significant increase as the brand continues to grow and attract strategic investors.