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Bengaluru-based fine jewellery brand GIVA has secured ₹530 crore (approximately $63 million) in a new funding round led by growth-stage investor Creaegis, with participation from existing backers Premji Invest, Epiq Capital, and Edelweiss Discovery Fund.
The fresh infusion of capital will power GIVA’s aggressive expansion plans, particularly its aim to scale up its omnichannel presence, strengthen supply chain infrastructure using technology, and expand its fast-growing line of lab-grown diamond jewellery—a sustainable alternative to traditional mined diamonds that is gaining traction globally.
Founded in 2019 by Ishendra Agarwal and Nikita Prasad, GIVA began as a silver jewellery brand and has since broadened its portfolio to include 14K and 18K gold pieces, along with lab-grown diamonds. Over the past few years, the brand has built a strong offline presence, operating more than 240 stores across India, and plans to add another 145–150 locations this year, with a strong focus on Tier-II markets.
"This funding round marks a pivotal milestone in our journey to democratize access to fine jewellery," said Ishendra Agarwal, CEO and co-founder of GIVA. "We’re building a brand that sits at the intersection of quality, design, and accessibility—without compromising on sustainability."
The company’s growing popularity is also attributed to its dual focus on aspirational design and affordability, aligning with the evolving tastes of India’s urban and semi-urban consumers. GIVA’s digital-first roots remain key to its customer engagement strategy, complementing its expanding offline retail footprint.
In a recent internal development, GIVA has elevated Chief Operating Officer Aditya Labroo to the role of co-founder, a move that reflects the company's focus on deepening operational expertise as it enters its next growth phase.
Creaegis managing partner and CIO Prakash Parthasarathy expressed strong confidence in the brand’s trajectory, saying, “GIVA is well-positioned to emerge as a market leader, thanks to its distinctive product line, digital strength, and robust omnichannel execution.”
With this funding, GIVA joins a growing list of Indian D2C brands making strategic investments to scale operations, innovate in product offerings, and meet the demands of a new generation of consumers seeking both value and values in their purchases.
