Funding · Commerce & Consumer Brands

GIVA raises ₹102 crore in debt and equity

By Startup Enthusiast · 10 March 2025

What they do

GIVA sells silver, gold, lab-grown diamond and demifine jewellery online and in stores

It raised ₹102 crore via debt and equity from Alteria Capital and Northern Arc

The company operates around 150 physical stores nationwide and uses a franchise-led model

GIVA raised ₹102 crore in a mix of debt and equity.
The investors were Alteria Capital and Northern Arc.
The equity portion was raised by allotting compulsorily convertible cumulative partly paid preference shares.
Northern Arc also provided additional debt via non-convertible debentures.
This round is an extension of the Series B round that closed at ₹255 crore in October 2024.
The earlier Series B investors included Premji Invest, Epiq Capital, Edelweiss Discover Fund, and GIVA's top management.

The funds will be used for expansion, strengthening offline presence, and enhancing lab-grown diamond offerings.
Part of the capital will also facilitate strategic investor exits.
GIVA's losses widened 31% to ₹59 crore in FY24, while revenue grew to ₹274 crore from ₹165 crore in FY23.

GIVA started as an affordable jewellery brand and expanded into gold jewellery and lab-grown diamonds.
It operates around 150 physical stores across India and uses a franchise-led model.
Products include rings, bracelets, pendants, earrings, men's silver, anklets, chains, sets, mangalsutras, nose pins, perfumes, and toe rings.
It offers 0% making charges on gold jewellery and free shipping pan India.
The brand ambassador is Aditya Roy Kapur.

GIVA plans to use the funds for expansion, strengthening offline presence, and enhancing lab-grown diamond offerings.
The capital will also help facilitate strategic investor exits.

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