Bengaluru-based omnichannel jewelry brand Giva has successfully raised approximately ₹530 crore in its latest Series C financing, led by Creaegis under its CIF II Scheme. The funding, valued at an estimated ₹3,950 crore, also saw strong participation from Premji Invest, Epiq Capital, Edelweiss Discovery Fund, and Usha Dalmia Trust.

Creaegis led the round with an infusion of ₹235 crore, followed by Premji Invest at ₹125 crore. Epiq Capital contributed ₹45 crore and Edelweiss Discovery Fund added ₹35 crore, while Usha Dalmia Trust committed ₹10 crore. The company also secured ₹30 crore in debt from Alteria Capital and expanded its employee stock option pool by shares valued at ₹41 crore, raising the total ESOP value to ₹203 crore.

Giva plans to utilize the fresh capital to enhance its omnichannel presence—opening more physical outlets, scaling its online operations, and expanding its product range, particularly in lab-grown diamonds and gold jewelry. The brand currently operates roughly 150 stores across India and has introduced a franchise-led expansion strategy alongside its digital channels.

Financial filings show that Giva issued 173,430 Series C CCPS at an issue price of ₹25,947 each to raise the equity portion of the round. With prior backing from investors like Premji Invest, Epiq Capital, Aditya Birla Ventures, A91 Partners, India Quotient, and Sequoia India, Giva has now accumulated over $85 million in total funding.

The boost in valuation—from around ₹2,170 crore during its extended Series B round to nearly ₹3,950 crore now—underscores investor confidence in the brand’s growth trajectory. Giva has also shown solid financial momentum, with revenues jumping 66% to ₹274 crore in FY 24, although losses widened to ₹59 crore as the company reinvested in expansion.

Founder and CEO Ishendra Agarwal highlighted the company’s intention to deepen its leadership in silver jewelry, while strengthening its lab-grown diamond and gold segments. Alongside scaling retail operations, Giva aims to boost brand visibility and capture increasing consumer demand for affordable yet stylish jewelry options. This capital infusion arrives amid rising competition within India’s jewelry space, where firms such as Bluestone, CaratLane, and Melorra are vying for market share. However, Giva’s omnichannel model, ESG focus, and rapid expansion position it well to stand out.

The ₹530 crore round marks a watershed moment for Giva, enabling it to accelerate product innovation, geographic reach, and operational scale as it seeks to establish itself as a leading modern jewelry brand across traditional and digital channels.