Funding · Commerce & Consumer Brands
Giva raises ₹100 crore in extended Series B
By Startup Enthusiast ·
- Date
- Company
- GIVA
- What it does
- Omnichannel jewellery brand
- Kind
- Funding
- Amount
- ₹100 Cr
- Stage
- extended Series B
What they do
Giva sells silver, gold and lab-grown diamond jewellery online and in 110 stores
What happened
It raised ₹100 crore (~$12 million) in an extended Series B round led by Premji Invest
Why it matters
Premji Invest has now invested in Giva three times; total funding exceeds $60 million
The details
- Giva raised ₹100 crore (~$12 million) in an extended Series B round.
- The round was led by Premji Invest (PI Opportunities Fund II), the investment arm of the Azim Premji family office.
- The board approved issuing 68,028 Series B1 CCPS at ₹14,700 per share to Premji Invest.
- This is Premji Invest's third investment in Giva; it previously led a ₹270 crore Series B in July 2023.
- Giva has now raised over $60 million in total from investors including Aditya Birla Venture and A91 Partners.
- The company is an omnichannel jewellery startup that started as an affordable jewellery brand and now includes gold and lab-grown diamonds.
- It sells through its website, mobile app and ~110 physical stores across India.
The bigger picture
- Giva's revenue nearly doubled 96.4% to ₹165 crore in FY23.
- Expenses jumped to ₹212 crore in FY23, and losses widened to ₹45 crore.
- FY24 financial performance has not yet been disclosed.
- The omnichannel jewellery space is seeing increased investor interest — Aukera raised ₹26.7 crore Series A and Trisu raised an undisclosed pre-seed.
About the business
- Giva sells silver jewellery, gold jewellery, lab-grown diamond jewellery, demifine jewellery and perfumes.
- Product categories include rings, bracelets, pendants, earrings, anklets, chains, sets, mangalsutras, nose pins, toe rings and men's jewellery.
- Brand ambassador is Aditya Roy Kapur; a co-branded men's jewellery collection is available.
- Revenue nearly doubled 96.4% to ₹165 crore in FY23.
- Expenses were ₹212 crore and losses were ₹45 crore in FY23.
The deal
- Type
- extended Series B
Investors
- Premji Invest (lead) — Investment arm of the Azim Premji family office.
Founders
- Ishendra Agarwal, Co-founder
- Aditya Labroo, Co-founder
- Nikita Prasad, Co-founder
More on GIVA
- GIVA pulls Raksha Bandhan ad after backlash26 August 2026 · News
- GIVA relaunches jewellery exchange campaign12 June 2026 · Launch
- GIVA appoints Kriti Sanon as brand ambassador and investor25 May 2026 · Partnership
- Kriti Sanon invests in GIVA as strategic investor25 May 2026 · Funding
- GIVA’s loss widens 23% to ₹72.3 Cr in FY25 as revenue jumps 90%24 February 2026 · Results
- Giva raises Rs 110 crore in Series C extension19 February 2026 · Funding · Rs 110 crore (~$12M)
- GIVA founders share business insights in interview19 February 2026 · Analysis
- GIVA raises ₹530 crore in Series C round25 June 2025 · Funding · ₹530 crore