Jewellery brand GIVA has raised INR 450 crore in a new funding round led by Creaegis Investment and its existing investors. This comes less than a year after the company raised INR 255 crore in an extended Series B round.
According to official filings, GIVA’s board, led by Ishendra Agarwal, approved a new funding decision on May 26.
They agreed to issue 1.73 lakh Series C shares at INR 25,947 each. These are special shares that will later be converted into regular company shares.
The funds were raised at a post-money valuation of INR 3,950 crore.
GIVA, the jewellery brand that sells both online and in stores, raised INR 235 crore from Creaegis Investment. It also received INR 124 crore from its earlier investor, Premji Invest, and INR 44 crore from Epiq Capital.
In addition, Edelweiss Discovery Fund invested INR 34 crore, and the Usha Dalmia Trust added INR 10 crore. This funding is likely part of GIVA’s Series C round.
GIVA, which competes with brands like Tata-backed CaratLane, Palmonas, and several lab-grown diamond startups, saw its revenue grow by 66% in the 2023–24 financial year, reaching INR 274 crore.
However, the rising cost of buying metals affected its profits. As a result, the company’s losses went up by 30% compared to the previous year, reaching INR 59 crore.
According to recent official filings, GIVA expects to earn INR 809 crore in operating revenue and make a profit before tax (PBT) of INR 10 crore in the financial year 2025–26.
In October last year, GIVA Jewellery completed its extended Series B funding round, raising ₹525 crore. The money came from investors like Premji Invest, Epiq Capital, Edelweiss Discovery Fund, and GIVA’s top management.
This round included both fresh investment (primary capital) and share buyouts (secondary capital), allowing some early investors, such as A91 Partners and India Quotient, to exit the company partially.
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