GIVA Raises ₹530 Cr in New Funding Round Led by Creaegis

Bengaluru-based jewellery startup GIVA has raised ₹530 crore in a fresh funding round led by Creaegis, with participation from Premji Invest, Epiq Capital, and Edelweiss Discovery Fund. The round values the company at $374 million, up from $254 million in October 2024.

GIVA plans to use the new funds to grow both its retail and online presence, improve its tech-driven supply chain, and expand its lab-grown diamond collection. It also aims to launch new jewellery categories and open 145 to 150 additional stores, focusing on tier II cities. The brand currently operates over 240 outlets across India.

GIVA competes with Tata Group-owned CaratLane, Kushal’s, Palmonas, Voylla, among others, in the Indian online jewellery market. Recently, Tiger Global-backed wealthtech startup Jar also launched its D2C jewellery brand Nek. The company said the fresh funds will be used to strengthen its retail and online footprint, upgrade its technology-led supply chain, and deepen its focus on lab-grown diamond jewellery. GIVA also plans to enter new product categories as part of its long-term growth strategy.

Founded in 2019, GIVA has grown quickly by offering modern jewellery designs in silver and lab-grown diamonds, catering especially to younger consumers. The company’s blend of affordability, design, and direct-to-consumer approach has helped it stand out in a competitive market. To support this expansion, GIVA is planning to open new stores across India, with a strong focus on tier II, aiming to reach more customers through a mix of offline and digital channels.

In addition to the funding news, GIVA also announced the elevation of its Chief Operating Officer, Aditya Labroo, to the role of cofounder. The move reflects his growing leadership role and contribution to the brand’s rapid growth.