- Giva has raised over $100 million in a funding round led by Multiples Alternate Asset Management, with participation from existing investors Epiq Capital and Edelweiss Discovery Fund.
- This investment will help Giva strengthen its market leadership, bolster its manufacturing capabilities, and accelerate its omnichannel journey by scaling to over 1,000 outlets in the next 3-5 years.
- Founded in 2019 by Ishendra Agarwal and Nikita Prasad, Giva is a fine jewellery brand focused on everyday wear, catering primarily to Indian consumers for both self-consumption and gifting occasions.
- The company currently operates around 425 stores and expects to open about 160 stores this financial year, taking its footprint to over 1,000 stores over the next few years.
- Over the last 3 years, the company grew at 70 per cent+ CAGR, ending FY26 at ~₹865 crore.
- Giva previously raised ₹530 crore in a Series C funding round led by growth-stage investment firm Creaegis in June last year.
Giva, founded in 2019, has rapidly established itself as a leading fine jewellery brand in India, focusing on everyday wear. The company currently operates around 425 stores and plans to expand to over 1,000 outlets within the next 3-5 years, supported by a recent funding round of over $100 million led by Multiples Alternate Asset Management.1234
According to Ishendra Agarwal, Founder and CEO of Giva, this investment is a significant endorsement of their growth trajectory, which has seen a remarkable 70%+ CAGR over the past three years, culminating in a revenue of approximately ₹865 Crore by FY26. Agarwal stated, “Multiples’ backing is a strong endorsement of what we have built at GIVA since 2019.”
The funding will primarily be allocated towards enhancing manufacturing capabilities, expanding offline presence, and bolstering working capital. Giva aims to deepen its reach into Tier II markets across India, where consumer preferences are shifting towards lightweight, accessible jewellery options. Agarwal noted, “The timing is significant as everyday buying habits are shifting towards lightweight jewellery that can be worn daily.”
With the Indian jewellery market projected to grow at a ~6% CAGR to USD 124 billion by 2032, Giva is well-positioned to capitalize on this trend, with 45% of its revenue now coming from gold and lab-grown diamonds. The company is also focusing on the growing demand for men's jewellery and aims to achieve Ebitda positivity next year, having improved from a negative Ebitda of about ₹17 crore in the previous year.
“The company, which ended FY26 with revenue of about ₹865 crore, plans to open around 160 stores this financial year, taking its footprint beyond 400 stores. Gold and lab-grown diamonds now contribute about 45% of revenue, with nine-carat gold launched four months ago already accounting for 25% of gold sales.”
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