Omnichannel jewellery startup Giva will raise ₹450 cr in a Series C round led by Creaegis.
The deets: Creaegis, through its CIF II Scheme, will invest $27.6 million, while Premji Invest is bringing in $14.7 million.
Giva started as an affordable jewellery brand and has since expanded into gold and lab-grown diamonds. The brand now runs 150 stores across India through a franchise-led model, alongside a strong digital presence via its website and app.
With this fundraise, Giva’s valuation will double to $465 million.
The brand is building momentum as its FY24 revenue surged 66% YoY to ₹274 crore, though losses widened to ₹59 crore. As the Indian jewellery market goes increasingly digital + omnichannel, Giva is positioning itself to compete with players like Bluestone, CaratLane, and Melorra.
