GIVA raises over $100 million in funding round led by Multiples
Executive Brief • Key Highlights
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- ✓Bengaluru-based jewellery brand GIVA raised over $100 million in a funding round led by Multiples Alternate Asset Management.
- ✓Founder Ishendra Agarwal said, “This is a defining moment for GIVA and the larger Indian fine jewellery industry.” The company plans to use the funds to scale manufacturing and expand retail stores.
Story at a Glance
- Category
- BUSINESS
- Reported By
- CNBC TV18
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Bengaluru-based jewellery brand GIVA has raised over $100 million in a funding round led by Multiples Alternate Asset Management, with existing investors Epiq Capital and Edelweiss Discovery Fund also participating.
The company said the funding round marks the largest investment in an Indian new-age jewellery brand. The transaction also includes GIVA's seventh employee stock ownership plan (ESOP) buyback, allowing employees to monetise a portion of their stock options.
Founded in 2019 as a digital-first silver jewellery brand, GIVA has expanded its portfolio to include gold and lab-grown diamond jewellery. It operates more than 400 stores across India and Sri Lanka, alongside its direct-to-consumer platform and presence on e-commerce and quick-commerce marketplaces.
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CNBC TV18
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