D2C jewellery brand GIVA raises Rs 530 crore in funding led by Creaegis, others

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Here’s a summary of the key details from the funding announcement for GIVA:

Startup Information:

  • Name: GIVA
  • Founded: 2019
  • Founders: Ishendra Agarwal, Nikita Prasad

Funding Details:

  • Funding Amount: Rs 530 crore (approximately $63 million)
  • Funding Series: Not explicitly mentioned, but typically classified as a growth round

Investors:

  • Lead Investor: Creaegis
  • Existing Backers:
    • Premji Invest
    • Epiq Capital
    • Edelweiss Discovery Fund

Purpose of Funding:

  • Expand retail footprint
  • Enhance technological and product capabilities
  • Optimize supply chain infrastructure
  • Grow portfolio of lab-grown diamond jewellery

Operational Highlights:

  • Current Stores: Over 240 across India
  • Planned Additional Stores: 145–150 in Tier-II cities this year

Leadership Changes:

  • New Co-founder: Aditya Labroo (formerly COO)

Date of Fundraise:

  • Date: Not specified in the provided content.

Feel free to ask if you need more information about any specific aspect!

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2025-06-25 10:59:36