GIVA Secures $100 Mn to Expand Jewellery Stores and Manufacturing

The funding round includes primary and secondary investments, along with an employee stock ownership plan (ESOP) buyback. The company has not disclosed its latest valuation.

Funding Details

GIVA Secures $100 million in a funding round led by Multiples Alternate Asset Management. Existing investors Epiq Capital and Edelweiss Discovery Fund also participated.

The transaction includes primary and secondary capital. Early investors India Quotient and Sixth Sense Ventures are partially selling their stakes while continuing to hold investments in the company.

The deal also includes an ESOP buyback worth approximately Rs 20–25 crore, benefiting around 50–60 employees. Multiples will receive a board seat as part of the investment.

How Will GIVA Use the Funding?

GIVA will use the fresh capital to expand its offline stores, improve manufacturing capabilities and increase its jewellery product range.

The company plans to open 160 new stores in FY27, with a focus on Tier II and Tier III cities. It also plans to invest in manufacturing facilities in Jaipur and Mumbai.

In addition, GIVA aims to expand its silver, gold and lab-grown diamond collections, particularly in the Rs 10,000–40,000 price segment.

Leadership Comments

Ishendra Agarwal, Founder and CEO, GIVA said, “Multiples’ backing is a strong endorsement of what we have built at GIVA since 2019, a high-growth, design-led fine jewellery brand that Indian consumers trust for everyday wear and gifting. As we enter our next phase, we are focused on scaling our omnichannel presence, strengthening our manufacturing capabilities and elevating the fine jewellery experience for modern Indian consumers. With Multiples’ experience in helping new-age businesses scale, we have the right partner for this journey. This $100 Mn+ round, the largest investment in India’s new-age jewellery market, gives us the strength to move faster.”

Sridhar Sankararaman, MD, Multiples Alternate Asset Management said, “GIVA’s rise has been defined by strong strategic fundamentals and constant experimentation, right from building its retail presence ahead of the curve to launching new segments and formats. Parallelly, it has kept a constant eye on building a loyal customer base that keeps coming back for both self-purchase and gifting. The timing is just as significant as everyday buying habits are shifting towards lightweight jewellery that can be worn daily, and GIVA’s design-led range is built for exactly that. With strong momentum, an ambitious expansion roadmap and a sharp, execution-focused team led by Ishendra, GIVA is well placed to make the most of this moment.”

About GIVA

Founded in 2019 by Ishendra Agarwal and co-founders, GIVA is an Indian direct-to-consumer (D2C) jewellery brand. The company initially focused on silver jewellery and later expanded into gold and lab-grown diamond collections.

Its product portfolio includes 92.5 sterling silver, gold and lab-grown diamond jewellery designed for everyday wear and gifting.

GIVA sells its products through its website, physical stores and third-party e-commerce platforms.

Business Growth and Expansion

GIVA reported revenue of Rs 865 crore in FY26, compared with Rs 505 crore in FY25. The company also reduced its negative EBITDA margin to single digits during the period.

Silver jewellery contributes around 60% of its revenue, while gold and lab-grown diamond jewellery account for the remaining 40%.

The company currently operates more than 400 stores across India and Sri Lanka. Its business follows an omnichannel model, with offline retail contributing approximately 45% of revenue and its D2C channel accounting for 55%.

Read Also - Tencent Partners with Cyberlite India to Explore Gaming Career Opportunities Among Indian Youth