Jewellery Startup GIVA Secures ₹530 Crore in Series C Funding Led by Creaegis

Omnichannel Jewellery startup GIVA has raised ₹530 crore (approximately $61.5 million) in its Series C funding round, led by growth-stage investor Creaegis. The funding round also saw participation from existing investors Premji Invest, Epiq Capital, and the Edelweiss Discovery Fund.

As a result of this investment, GIVA’s total funding reached over $146 million, as reported by Entrackr.

Strategic Use of Capital

GIVA plans to leverage the new funds to:

• Expand both its offline retail footprint and digital presence
• Enhance its tech-enabled supply chain
• Grow its offerings in lab-grown diamonds
• Enter new product categories within the fine jewellery segment

Commenting on the fundraise, founder Ishendra Agarwal said: “The addition of Creaegis as lead investor is a key milestone for us. Their experience in scaling digital-first, consumer-focused businesses aligns with our vision of enhancing the fine jewellery experience through omnichannel expansion and tech-driven operations.”

About GIVA

Founded in 2019 by Ishendra Agarwal and Nikita Prasad, GIVA started its journey with 925 sterling silver jewellery. Since then, it has diversified into 14K/18K gold and lab-grown diamonds, aligning with evolving consumer preferences for sustainable and affordable luxury. GIVA currently operates over 240 retail outlets across India. With a keen focus on emerging markets, the brand plans to open an additional 145–150 stores in 2025, with a strategic emphasis on tier II cities.

GIVA operates in a dynamic and competitive jewellery market alongside major players such as:

• Bluestone, which has filed for a ₹1,000 crore IPO
• CaratLane, Melorra, and other established family-owned or well-funded omnichannel brands

With a strong omnichannel strategy and recent capital infusion, GIVA aims to solidify its position as a next-generation fine jewellery brand in India.

Also Read: Meesho Becomes an Indian Company, Reshuffles Board Ahead of US$1 Billion IPO 

Financial Snapshot: Strong Revenue Growth, Rising Losses

For the fiscal year ending March 2024 (FY24), GIVA reported:

• A 66% jump in operating revenue to ₹274 crore, up from ₹165 crore in FY23.
• A net loss of ₹59 crore, widening by over 30% year-on-year.

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