Funding extension led by existing and new investors
Omnichannel jewellery startup GIVA is set to raise ₹110 crore (approximately $12 million) in its Series C extension round led by HPV CC1 Ltd, with participation from Premji Invest, Kenro Capital, and Titan Capital. The investment comes nine months after GIVA raised ₹530 crore ($61.5 million) in its Series C round led by Creaegis in June 2025, reflecting continued investor confidence in the brand’s expansion strategy.
Regulatory filings reveal valuation and capital structure
According to regulatory filings accessed from the Registrar of Companies, GIVA’s board approved the issuance of 94,01,710 Series C1 compulsorily convertible preference shares at ₹117 each to raise the new capital. HPV CC1 Ltd will lead the tranche with ₹74.25 crore, followed by Kenro Capital with ₹13.75 crore, while Premji Invest and Titan Capital will invest ₹11 crore each. The company’s valuation is expected to rise to approximately ₹4,900 crore ($545 million), marking a 22% increase from its previous valuation.
Funds to support hiring, marketing, and operations
GIVA plans to deploy the fresh capital towards operational expenses, including hiring, marketing, and general corporate purposes. Reports also suggest the round may include a secondary transaction led by Kenro Capital, providing liquidity to early stakeholders.
From affordable jewellery to omnichannel premium expansion
Founded in 2019 by Ishendra Agarwal, GIVA started as an affordable jewellery brand and has since expanded into gold jewellery and lab-grown diamonds. The Bengaluru-based company now operates around 150 physical stores across India alongside its digital platform and is scaling through a franchise-led retail model.
Strong revenue growth amid rising competition
GIVA has raised over $146 million to date and reported operating revenue of ₹518 crore in FY25, an 89% increase from ₹274 crore in FY24. However, losses widened 22% to ₹72 crore. The company competes with players such as BlueStone, CaratLane, and emerging lab-grown diamond brands as India’s organised jewellery market rapidly evolves.
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