Funding · Commerce & Consumer Brands

GIVA raises ₹530 crore in Series C round

By Startup Enthusiast · 25 June 2025

What they do

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

It raised ₹530 crore ($61.5 million) led by Creaegis, with PremjiInvest and others

The company plans to open 145–150 new stores this year, focusing on Tier II cities

GIVA raised ₹530 crore ($61.5 million) in a Series C round.
The round was led by Creaegis, a growth-stage private equity firm.
Existing investors PremjiInvest, Epiq Capital and Edelweiss Discovery Fund also participated.
The company will use the funds to scale retail and digital presence.
It will also enhance its tech-enabled supply chain and deepen lab-grown diamond offerings.
GIVA plans to expand into new categories beyond jewellery.
COO Aditya Labroo was elevated to co-founder alongside Ishendra Agarwal.

GIVA's FY24 revenue was ₹273.6 crore, growing 66% year-on-year.
Its FY25 revenue likely doubled to over ₹500 crore.
The company's EBITDA margin improved from negative 15% (FY24) to negative 5% (FY25).
A competitor, BlueStone, recently filed for a ₹1,000 crore IPO.
GIVA's total funding to date exceeds $146 million.

GIVA was founded in 2019 by Ishendra Agarwal and Nikita Prasad.
It started as a premium sterling silver (925) jewellery brand.
It later diversified into 14K/18K gold and lab-grown diamond jewellery.
The company has over 240 physical stores across India.
Its website sells silver, gold, demi-fine jewellery, lab-grown diamonds, rings, bracelets, pendants, earrings, men's items, anklets, chains, sets, mangalsutras, nose pins, perfumes and toe rings.
Brand ambassador Aditya Roy Kapur promotes the men's collection.

Creaegis (lead) — Growth-stage private equity firm; Managing Partner and CIO is Prakash Parthasarathy.
PremjiInvest (participated) — Existing investor; led the extended Series B round in October 2024.
Epiq Capital (participated) — Existing investor.
Edelweiss Discovery Fund (participated) — Existing investor.