Funding · Commerce & Consumer Brands

GIVA raises ₹450 crore in Series C round

By Startup Enthusiast · 11 June 2025

What they do

GIVA sells silver, gold, and lab-grown diamond jewellery through 150 stores and online

It raised ₹450 crore ($53 million) in Series C funding led by Creaegis

The valuation doubled to ~₹3,950 crore, and the company plans to use funds for growth

GIVA has raised ₹450 crore ($53 million) in a Series C funding round.
The round was led by Creaegis (CIF II Scheme), which invested ₹235 crore ($27.6 million).
Premji Invest participated with ₹125 crore ($14.7 million).
Epiq Capital invested ₹45 crore, Edelweiss Discovery Fund invested ₹35 crore, and Usha Dalmia Trust invested ₹10 crore.
The company also raised ₹30 crore in debt from Alteria Capital.
The valuation is approximately ₹3,950 crore ($465 million), double the previous round.
An ESOP pool was increased by 15,853 equity shares worth ₹41 crore, bringing the total pool to ₹203 crore ($24 million).

The jewellery market in India is highly competitive, with players like Bluestone (filing for a ₹1,000 crore IPO), CaratLane, and Melorra.
GIVA's revenue grew 66% to ₹274 crore in FY24, though losses rose over 30% to ₹59 crore.
The company has raised over $85 million in total funding to date.

GIVA sells silver jewellery, gold jewellery, lab-grown diamonds, demi-fine jewellery, and perfumes.
It operates ~150 physical stores across India, along with a website and app, using a franchise-led model.
In FY24, GIVA reported operating revenue of ₹274 crore and losses of ₹59 crore.

The funds will be used for operational costs, hiring, marketing, and general corporate purposes.

Creaegis (lead) — A private equity firm investing through its CIF II Scheme.
Premji Invest (participated) — The investment arm of the Wipro founder's family office.
Epiq Capital (participated) — A venture capital firm.
Edelweiss Discovery Fund (participated) — A fund managed by Edelweiss Financial Services.
Usha Dalmia Trust (participated) — A trust associated with the Dalmia family.
Alteria Capital (debt) — A venture debt firm.