GIVA, a D2C fine jewellery brand, has raised ₹530 crore in a Series C funding round led by Creaegis, a growth-stage investment firm. The round also saw participation from existing investors Premji Invest, Epiq Capital, and Edelweiss Discovery Fund.
The fresh capital raised will be used to scale its retail and digital footprint, enhance tech-enabled supply chain capabilities, deepen its offerings in lab-grown diamond jewellery and expand into new categories.
Founded in 2019 by Ishendra Agarwal and Nikita Prasad, GIVA began its journey with 925 sterling silver jewellery and has since diversified into 14K/18K gold and lab-grown diamond jewellery.
The brand currently operates over 240 physical stores across India and is planning to add 145–150 new outlets by the end of this year, with a special focus on Tier II cities.
Ishendra Agarwal, Founder, GIVA, said, “Welcoming Creaegis as a lead investor in this round marks an important step in our growth journey. Their deep expertise in building digital-first, consumer-centric businesses makes them an ideal partner for GIVA as we scale our omnichannel presence and strengthen our capabilities across product, technology, and operations. With the continued support of our existing investors, we’re focused on elevating the fine jewellery experience for modern Indian consumers and accelerating our journey towards market leadership.”
Prakash Parthasarathy, Managing Partner and CIO, Creaegis, said, “We are excited to partner with Ishendra Agarwal and the team at GIVA as they embark on their next phase of growth in the everyday wear fine jewellery segment. The company is well-positioned to be a market leader due to its product offering, strong digital presence and deep omnichannel operational capabilities. Our previous experience in investing in transformational D2C companies will enable us to support the company’s planned expansion.”
